IB empowers young Nigerian entrepreneurs with N100m

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International Breweries Foundation, through its start-up empowerment program, Kickstart Initiative, has enabled young Nigerian entrepreneurs to earn 100 million naira.

The corporate social investment program initiated by the foundation, the CSR arm of International Breweries Plc, awarded grants totaling 60 million naira to 50 young entrepreneurs across Nigeria as well as training costs , mentoring and assistants worth 40 million naira to other teeming youth.

The Kickstart initiative empowers young entrepreneurs aged 18-35 and has been activated in the South West and South East regions of Nigeria since 2015 before becoming a large-scale national program in 2019.

International Breweries Managing Director Hugo Rocha said: “For us, the Kickstart initiative is a way to bridge the unemployment divide by bringing the dreams and aspirations of millions of bright and enterprising young people across Nigeria to life. .

According to Rocha, over the past six years, the foundation has awarded nearly 400 million naira in grants to around 800 beneficiaries and trained nearly 1,200 young people in entrepreneurial skills.

The Chairman of the Advisory Board of the International Breweries Foundation, Mr. Peter Bamkole, tasked the winners to make good use of the training they received, to work with their mentors and to channel the grant provided wisely to grow their business. .

Delighted circular packaging entrepreneur, Olatubosun Abiodun, who received the 3 million naira grand prize said, “I will use the grant and training to improve my business, hire more staff and help achieve a cleaner environment.

Senior consultant, AD Consulting and keynote speaker at the event, Ms Olajumoke Adenowo, noted that the best time to explore entrepreneurship is when you’re young, as it gives individuals the opportunity to channel all of their creativity and ability. energy in building something remarkable without the distractions that come with age.

For her part, the wife of the Governor of Ogun State, Ms. Bamidele Abiodun, praised the model and the impact of the kickstart program.


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