Scope Of The Program

The program’s scope revolve around these key areas:

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This section focuses on activities designed to equip participants with essential skills.

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After training is complete, dedicated business counselors will provide comprehensive business lessons and assist with business planning.

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There will be provision of essential startup kits and grants for these new entrepreneurs.

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Engaging with mentors to guide participants in their entrepreneurial journey.

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This includes intense examination and assessment of participants, to gauge the effectiveness and impact of the project.

Objective Of This Program

At the end of this program, participants must have learned practical and business management skills needed to start and develop a business. The objectives of the program include:

  • Expose trainees to the various entrepreneurial opportunities that are viable and self-sustaining;

  • Empower the youths/women in simple business planning methods which can be used to kickstart a business;

  • Provide mentors to trainees who will further support for participants after the training;

  • Prepare the youths/women for export readiness by training on best global practices for production, branding and packaging.

Industry Analysis

In 2018, Nigeria’s youth unemployment rate reached an all-time high of 19.68%. However, by the second quarter of 2020, this figure increased astronomically to 40.80%. According to Spectator Index in a global youth unemployment index, the youth unemployment rate in Nigeria has increased to 53%. This figure places Nigeria behind South Africa, which peaks at 61%.

 

Nigeria has an estimated population of 217 million people, and the former Minister of State for Budget and National Planning between 2019 and 2023, Prince Clem Agba, asserted that youths account for 70% of the Nigerian population. This equals to 151.9 million youths, putting the unemployment figure at 80 million Nigerian youths.

 

This figure is the highest since the country’s independence.

Handy Innovations Foundation - Industry Analysis

The government and social work organizations have identified a lack of vocational and technical job training as one of the prevailing causes of employment. This has resulted in intervention projects by the United Nations Development Programme (UNDP) and United States African Development Foundation. The government — back in 2012 — introduced the Subsidy Reinvestment and Empowerment Program and N-Power Programme in 2016.

 

At HI Foundation, we aim to continue this fight against unemployment by providing youths and women in disadvantaged societies with unique skills that help them become wealth creators and job providers in their communities.

 

Our unique market position lies in our post-training support which includes provision of a mentor, start-up kits and grants, and eventual assessment of participants. This is to keep track of the participant’s progress, while also gauging the success of the project.

Customer Analysis

HI Foundation target customers include:

  • Youths between the ages of 16-34 hailing from low-income families.
  • Women hailing from disadvantaged societies and low-income families.

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