PAN, NSE plan $700m youth empowerment scheme

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

Top 10 Most Expensive Universities In Nigeria

For many Nigerians, high-quality higher education is a luxury. There are many private universities who are known not only...

List of Mobile Phone USSD Codes for Money Transfers for All Banks in Nigeria

As technology evolves, the financial sector is not left behind, Several softwares have been developed to make banking easier...
PAN, NSE plan 0m youth empowerment schemePAN, NSE plan 0m youth empowerment scheme

Hundreds of Nigerian youths are expected to benefit from a $700m empowerment initiative being put together by local vehicle assembler, PAN Nigeria Limited, with the support of the Nigerian Society of Engineers.

The scheme, Shade Tree Youth Empowerment Initiative, is designed to provide entrepreneurial skills to interested young people within the value chain of the automotive industry, according to a statement by the auto company.

It said, “The project will provide employment generation, wealth creation, modernization and standardization of practices and skills within the service arena of the automotive industry.”

Already, the scheme would be launched at the company’s factory in Kaduna on Wednesday (tomorrow) as part of its corporate social responsibility programme.

Read:  Mazda Celebrates 50 Years of Challenging Convention
- Advertisement -

It quoted PAN Nigeria’s Managing Director, Mr. Ibrahim Boyi, as describing the project as an industry-specific initiative for the empowerment of Nigerian youth willing to become entrepreneurs in the automotive sector.

It named the President, Nigerian Society of Engineers, Mr. Otis Anyaeji, as the Chairman of the scheme’s Board of Trustees.

The statement also said that the prototype of the STYEI garage would be inaugurated by the Minister of Trade, Industry and Investment, Mr. Okechukwu Enelamah.

The initiative, it added, would be supported by the United Nations Development Programme through the country director as well as other development partners.

- Advertisement -
Read:  Forte Oil suspends N20b offer

PAN Nigeria recently promised to support the President Muhammadu Buhari administration through the creation of jobs and other measures that could speed up the development of the nation’s economy.

Read:  Dangote, Peugeot In Joint Venture To Re-start Vehicle Assembly In 2019

The PAN Nigeria’s team led by Boyi gave the pledge during a visit to the Vice-President Yemi Osinbajo.

Osinbajo assured the team that the administration would always take a responsible decision that would promote and protect the local industries, including the automobile industry, indicating renewed government’s patronage of local products.

Source: Punch

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

2 COMMENTS

  1. […] Source : https://brandspurng.com/pan-nse-plan-700m-youth-empowerment-scheme/ […]

  2. […] : https://brandspurng.com/pan-nse-plan-700m-youth-empowerment-scheme/ Source: […]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Zenith Bank Introduces Automated Voice Banking Service

Zenith Bank Plc, Nigeria’s leading financial institution, has introduced an automated voice banking service, an interactive voice response (IVR)...

Third-party Cookies Are Already Ineffective’: Lessons From Google SameSite Delay

The COVID-19 crisis has inadvertently provided a reprieve for developers who have been too slow to adapt to Google’s "SameSite" rules governing how its...

United Capital Plc Raises N5.3 billion in Commercial Paper Issuance

United Capital Plc (the Company), a leading Pan-African financial and investment services Group has confirmed that the Company has successfully raised N5.3 billion in...

ILO: COVID-19 Causes Devastating Losses In Working Hours And Employment

The COVID-19 pandemic is having a catastrophic effect on working hours and earnings, globally. A new ILO report highlights some of the worst affected...

Mastercard Commits $250 Million To Support Small Business’ Financial Security

Our local main streets have been amongst the hardest hit from the COVID-19 pandemic. To help address this challenge, Mastercard today announced a commitment...
- Advertisement -
BrandsPur Weekly Cartoons
%d bloggers like this: