According to the Nigerian Economic Summit Group (NESG), Nigeria’s unemployment rate will hit 37% in 2023. In another report, it is estimated that in Nigeria, more than 55.4% of youths between the ages of 18 and 35 are currently unemployed.
These and more were the reasons why the Ugwumba Center for Leadership Development in Africa was founded in 2018 by Ugwumba Uche Nwosu with a mission to raise a new generation of leaders and entrepreneurs for Africa.
To contribute towards the reduction of the unemployment crisis ravaging the youth population in Nigeria, the Center launched the Ugwumba Enterprise Challenge, an idea pitching and grant competition for young entrepreneurs and innovators who have ideas that can be transformed into business ventures or social enterprises.
Since its inception in 2018, the Center has supported the birth of over 5,000 SMEs and startups across the country and has built a community of over 20,000 young and women entrepreneurs in Africa.
Today, most beneficiaries of the startup challenge have become employers of labor, thereby helping to reduce the unemployment crisis as well as contribute to Nigeria’s overall GDP.
Ladies and gentlemen, this is to officially announce the “Call for Applications” for this year’s edition of the Ugwumba Enterprise Challenge, which is the 6th in the series.
About Nigerian Economic Summit Group (NESG)
In 1993, a group of passionate and concerned private sector leaders representing key economic sectors conceived the Nigerian Economic Summit (NES) and sustained it as a platform for bringing together private sector leaders and senior public sector officials to discuss and dialogue on the future of the Nigerian Economy.
The NESG Bridge Fellowship is designed to inspire and equip a new generation of young visionary Nigerian leaders, with the skills to carry out policy-oriented research and advocacy for national transformation. Selected participants will undergo a rigorous and engaging capacity… read more
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NESG Ugwumba Enterprise Challenge
Aim and Benefits of NESG Ugwumba Enterprise Challenge
- 1st Prize: N1.5M
- 2nd Prize: N1m
- 3rd Prize: N700K
- 4th Prize: N500K
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Requirements for NESG Ugwumba Enterprise Challenge Qualification
- This challenge is open to every youth in Nigeria between 18 and 40 years, old who has an idea that can be supported, no matter the sector.
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Application Deadline
September 9, 2023
How to Apply
Interested and qualified? Go to Nigerian Economic Summit Group (NESG) on bit.ly to apply
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