Lagos State Government approves N15.5 Million for Versity Entrepreneurs

Eniola Ajayi, Lagos

Lagos state governor , Mr Akinwunmi Ambode  has approved 15.5 million naira as seed funding and grants for final year students enrolled in the Ready.Set.Work program.

Ready.Set.Work is an entrepreneurship and employability training program for final year students of tertiary institutions in Lagos State, aimed at preparing them for economic productivity as value-creating employees or employers of labour.

The Special Adviser to the Governor on Education, Mr Obafela Bank-Olemoh said that the focus of the initiative from the onset was to provide students in Lagos State with the tools, knowledge, and know-how to become effective employees or job creators.

“We already secured 90 internship slots for students in the employability track of the program and we realized that students in the entrepreneurship track could also benefit from experience in a structured, supervised work setting, where they can learn the rudiments of running a business effectively,” he explained.

Seed Funding
He said the 15.5 million naira committed by the government would also provide seed funding and working capital for the top three teams to emerge from the RSW Business Pitch Competition, which will hold on September 3rd.

Since June this year, 500 final year students from Lagos State University, Lagos State Polytechnic and Lagos State College of Health Technology have been enrolled in a rigorous curriculum, either in the employability track or the entrepreneurship track.

At the end of the program, over 90 top performing students in the employability track will be placed in six months internship positions with organizations like Price Water Coopers, SystemSpecs, FCMB, GTBank, Access Bank, TOTAL, Jobberman, Stutern, among others.

With the financial commitment to the Ready.Set.Work program, up to 80 students in the entrepreneurship track will likewise have the opportunity to partake in three to six-months entrepreneur apprenticeships where they can learn the arts of the trade, understand and develop processes for various business functions, and build a network of vendors, industry peers, and mentors.

Confidence O.