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Enterprise Bank introduces product for young graduates

By BusinessNews Staff on October 31, 2014

Enterprise Bank says it has introduced a new scheme to cater for young graduates who are brimming with ideas but do not have the financial capacity to bring their dreams into reality.

The Enterprise Graduate Empowerment Scheme, the bank said, was inspired by a personal experience the Managing Director/Chief Executive Officer of the bank, Mr. Ahmed Kuru, had in an encounter with a bright but unemployed young graduate.

The scheme was designed to bridge the gap between the innovative entrepreneurial ideas of young school leavers and access to the right financial support to transform the ideas into concrete money making enterprises, the statement said.

The bank said university or polytechnic graduates of not more than three years prior to the time of application can apply through the bank’s website for a pre-qualification exercise.

According to the bank, candidates who meet the criteria will now be invited, taken through an intensive business appreciation programme, where they will learn practical book keeping, market intelligence, human resource management, conceptualisation and implementation of business proposals among others.

At the end of the programme, a test will be administered to select those that will participate in the scheme, according to the statement signed by the Head, corporate communications, Enterprise Bank, Mr. Igwe U. Igwe.

Kuku was quoted to have said during the launch of the scheme in Lagos that the EGES was in line with both the Federal Government transformation agenda and that of the Central Bank of Nigeria on growth towards promoting the micro, small and medium enterprise sector of the economy.

He said that the EGES was also meant to access the relatively unbanked sector of the economy by altering the negative mindset of the public that Nigerian banks would not support new and growing businesses.

[Punch]

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