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Skye Bank builds capacity for ‘YouWin’ entrepreneurs

By on June 21, 2012

In order to help develop the entrepreneurial and managerial skills of the awardees of the Youth Enterprise With Innovation in Nigeria (YouWin) scheme, Skye Bank Plc has held a customer engagement and enlightenment forum for the awardees.

The YouWin scheme is an entrepreneurial programme set up by the Federal Government young entrepreneurs with excellent business plans and ideas as part of the government’s effort to create wealth and reduce unemployment.

Speaking at the engagement forum in Lagos on Wednesday, Skye Bank Plc’s Executive Director, South South/Retail Banking, Mrs Ibiye Ekong, said the forum was put in place to help the young entrepreneurs grapple with the challenges of starting new businesses.

Ekong promised the awardees that the bank would lend a helping hand to them at all times and advised them to embrace financial discipline in order to succeed in their businesses.

She also warned them against diverting funds into unproductive ventures, which may lead to erosion of their capital but to use the grants from the government for the purpose intended.

Also speaking, the bank’s General Manager, Retail Banking, Mrs. Arinola Kola-Daisi, advised the awardees against taking more loans than they would need, stressing that doing so would lead to waste and extravagance.

She expressed the bank’s readiness to offer financial and advisory services to the entrepreneurs in order to help them grow their businesses.

The YouWin scheme was introduced by the federal government to promote entrepreneurship among the youth through the provision of grants to about 1,200 successful applicants who took part with 20,000 other applicants in the qualifying rounds of the competition.