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In a bid to combat youth unemployment and restiveness in Nigeria, the ‘Youth Off The Street Initiative’, YOTSI, has officially unveiled the FUND-YES, a youth based entrepreneurship scheme to finance poverty eradication, Ebony Herald international Magazine has learnt.
The official unveiling ceremony was performed at the National Merit Award House, Maitama Abuja, on Tuesday August 8,2023.
The event attracted the presence of successful entrepreneurs, youth leaders, top government functionaries from both the federal and state level, other interested partners and sponsors, both locally and internationally.
Speaking at the ceremony, the Convener, Youth Off The Street Initiative, (YOTSI) who also doubles as the CEO of the FUND-YES, Comrade Iyere Kennedy, said the scheme is aimed at financing poverty eradication through joint enterprise financing grant-making, equity crowdfunding and impact investment programme
Comrade Iyere explained, that the Youth off the Street Initiative and the Fund-Yes Scheme was birthed in response to the current economic hardship in the country, youth hopelessness, unemployment and restiveness, social economic and political youth exclusion, and general youth disilusioment that characterised the polity, and the dire need to urgently salvage the ugly situation.
According to him, the would-be beneficiaries of the Scheme, must meet up the requirements, like having a skill and wants to grow the skill locally and internationally, as the scheme was targeted to be transnational, he promised.
To further demonstrate the realiability of the scheme and also bustress his sincerity, Comrade Kennedy Iyere transferred the sum of million Naira Cash to Ndandor Limaro Thomas, a female graduate of Mass Communication from the University of Jo’s, who acquired skills in Carpentry and currently practices as the source of her livelihood who had no connections to the organization and most importantly,to the Convener of the initiative and Scheme.
The Convener called on the teaming unemployed youths and those that are skillful to key into the initiative so as to benefit from the gains attached to enable them become self-reliant and employers of labour.
Reacting to the unexpected noble gestures accorded her by the YOTSI and the Fund-Yes, Ndandor who got the One million naira cash empowerment, commended the organization for the encouragement and pledged to judiciously put the fund into use to enable her expand her bussiness and acquire more skills in Carpentry.
