The Leader Team, a nonprofit organization, has offered empowerment and mentorship activities to help small-scale enterprises flourish in an effort to break the cycle of poverty and reduce the unemployment gap in Nigeria.
The empowerment, which comes in the form of an asset grant, is anticipated to assist the business owners in upscaling production, enhancing efficiency, and expanding employment prospects.
During the award ceremony conducted in Abuja, William Karshima, country representative for The Leader Team Nigeria & United States of America, noted that 44 firms have been empowered by the organization since 2022.
He said the organization goes through a seven-month intense leadership and business training program once a year when mentees are given training in areas like financial management, strategic planning, growth strategies, social impact, etc. Grants and other possibilities for advancement are also provided for them.
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“At the conclusion of the program, the mentees are required to present a business plan outlining the steps their company will take to advance.
“At least 25 small enterprises have been empowered this year. The program, which began last year and has helped at least 19 small business owners, is coming to an end for the current calendar year. Next year, it also intends to assist another 25 enterprises, he said.
At least 133 million Nigerians are currently living in multifaceted abject poverty, according to Shiloh Karishma, executive director of the Leaders Team. She stated that the solution is directly related to empowering leaders with integrity and providing long-term sustainable jobs for everyone.
The organization also provides training and assistance to for-profit companies that seek to improve their social impact. Additionally, they assist and work together with other NGOs and organizations in Nigeria that are doing wonderful work, she continued.
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