Heritage bank partners with NYPF to provide N500 million for youths

folarin okunola

March 28, 2016 8:12 AM

Heritage Bank managing director, Ifie Sekibo, explained that the bank’s support for the programme rose from the fact that the initiative aligns with the bank's vision

Heritage Bank has received approval to acquire Enterprise Bank

Media reports reveal Heritage Bank Limited has partnered with the Nigerian Youth Professional Forum (NYPF) to support entrepreneurship and education in the country with the launch of a N500 million Young Entrepreneurs and Students (YES) grant.

According to the bank, the initiative will support students and young entrepreneurs toward socio-economic freedom.

Heritage Bank managing director, Ifie Sekibo, explained that the bank’s support for the programme rose from the fact that the initiative aligns with the bank's vision to help create, preserve and transfer wealth across generations.

READ: 1000 entrepreneurs selected for Tony Elumelu Foundation program

Sekibo, represented by Obioma Emenike, group head, Market Strategy, at the launch in Lagos, added that the bank will also support the project by training the beneficiaries, disbursement of the grant as well as in the monitoring and evaluation of the project’s milestones as agreed with the beneficiaries.

“We have been playing strongly in the education and Small and Medium Scale Enterprises (SME) sectors of the economy. This project syncs with our mission and vision as a bank. The age bracket of 18 to 40 years for the beneficiaries also aligns with our corporate goal, just like the key sectors which include agriculture, ICT and creative industry, identified for the project are pivotal for economic growth,” Sekibo said.

According to Moses Siasia, NYPF chairman, the NYPF is a non-governmental organization conceived by a group of young professionals with the mission to promote innovative ideas for socio-economic development.

folarin okunola