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YouWin!
YouWin is a youth development scheme, established in Nigeria by Goodluck Jonathan’s government, with the aim of empowering Nigerian youth by providing grants to small business owners. It is run as a competition, where entrants submit their business plans which are then evaluated by the Enterprise Development Center of the Pan-African University. Winners receive up to N10 million (around $64,000), paid in instalments, subject to adherence to the submitted plan. The program is a private and public initiative that finances outstanding business-plans for young entrepreneurs in Nigeria. History The program was launched in Nigeria in 2011 at the presidential villa. YouWin! is an acronym, which stands for Youth Enterprise With Innovation in Nigeria. The program is a joint product of four government ministries: the Federal Ministry of Finance, Ministry of Communication and Technology, Ministry of Education and Youth Development, and the Ministry of Women Affairs. The goal of this pro ...
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Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ...
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Goodluck Jonathan
Goodluck Ebele Azikiwe Jonathan (born 20 November 1957)Lawson Heyford, ''The Source'' (Lagos), 11 December 2006. is a Nigerian politician who served as the President of Nigeria from 2010 to 2015. He lost the 2015 presidential election to former military head of state General Muhammadu Buhari, and was the first incumbent president in Nigerian history to concede defeat in an election. Prior to that, he served as Vice President of Nigeria from 2007 to 2010 under the administration of Umaru Musa Yar'Adua; and in oil-rich Bayelsa State as Governor of Bayelsa State from 2005 to 2007. Early life Goodluck Jonathan was born on 20 November 1957 in Ogbia to a Christian family of canoe makers,Lawson Heyford"Jonathan: A Colossus at 49", ''The Source'' (Lagos), 11 December 2006.
. Al Jazeera.net.
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Small Business
Small businesses are types of corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry. Small businesses range from fifteen employees under the Australian ''Fair Work Act 2009'', fifty employees according to the definition used by the European Union, and fewer than five hundred employees to qualify for many U.S. Small Business Administration programs. While small businesses can also be classified according to other methods, such as annual revenues, shipments, sales, assets, or by annual gross or net revenue or net profits, the number of employees is one of the most widely used measures. Small businesses in many countries include service or retail operations such as convenience stores, small grocery stores, bakeries ...
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Pan-African University
The Pan-African University (or Pan African University) (PAU) is a post-graduate training and research network of university nodes in five regions, supported by the African Union and the Association of African Universities. Formation The first African Ministerial Conference on Science and Technology was held in 2003 in Johannesburg, South Africa with the aim of improving the quality of science and technology education and thereby the productivity of African economies. These ideas were elaborated in a "concept note" which outlined the objectives of the PAU. In 2008 the African Union agreed that the PAU should be established.A high-level panel was appointed in 2009 to oversee the PAU. The PAU was officially launched in 2011, and the university's statute was adopted in 2013. The PAU high-level panel included Njabulo Ndebele, author and former vice-chancellor of the University of Cape Town in South Africa, and Ahmadou Lamine Ndiaye, president of the Senegal Academy of Science and T ...
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Medium (website)
Medium is an American online publishing platform developed by Evan Williams and launched in August 2012. It is owned by A Medium Corporation. The platform is an example of social journalism, having a hybrid collection of amateur and professional people and publications, or exclusive blogs or publishers on Medium, and is regularly regarded as a blog host. Williams, previously co-founder of Blogger and Twitter, initially developed Medium as a means to publish writings and documents longer than Twitter's 140-character (now 280-character) maximum. In March 2021, Medium announced a change in its publishing strategy and business model. The change is to its mix of paid journalists working on its own publications – this will be proportionally reduced – versus its support of independent writers, which will increase. History 2012 (launched) - 2016 Evan Williams, Twitter co-founder and former CEO, created Medium to encourage users to create posts longer than the then 140-character ...
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Federal Ministry Of Finance (Nigeria)
The Federal Ministry of Finance is the government body that manages the finances of the Federal Government of Nigeria, including managing, controlling and monitoring federal revenues and expenditures. Roles of finance ministry: Some of the role of the finance ministry include collecting and disbursing government revenue, formulating policies on taxation, tariffs, fiscal management etc., preparing and managing the annual budget, preparing annual accounts for ministries, departments and agencies, managing federal debt and regulating the capital market. Leadership A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet. Stephen Osagiede Oronsaye was appointed Permanent Secretary of the Federal Ministry of Finance on August 20, 2008. He was appointed Head of the Nigerian Civil Service in June 2009. The Permanent Secretary as of December 2009 was Dr. Ochi C. Achinivu. ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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Corporate Affairs Commission
Corporate Affairs Commission is a body of the Nigerian Government responsible for the regulation and management of companies in Nigeria. It was introduced in 1990 with the passing of the Companies and Allied Matters Act. It is headed by a chairman and closely assisted by the Registrar General/ CEO. The current chairman is Hon Ademola Seriki. Her headquarters is located in Plot 420, Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja. Nigeria. Other prominent offices of the board of CAC includes Manufacturer Association of Nigeria, Institute of Chartered Accountants of Nigeria (ICAN), Nigerian Bar Association, Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ..., Federal Ministry of Trade and Investment, Nigerian Association of Chamber of Comm ...
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Youth In Nigeria
Youth in Nigeria includes citizens of the Federal Republic of Nigeria aged 18–29 years according to the new-youth policy (2019). However, the African youths charter recognises youths as people between the age of 15 and 35. Variance in chronologies are used in defining youth and are addressed by members of the state in accordance to their particular society. Background Chief Olusegun Obasanjo, the former President of Nigeria from 1999 until 2007, believes that identifying and addressing issues that would enhance the lives of the youth would improve overall national development. He stated that, "Youths constitute Nigeria's only hope for a greater future". The Nigerian government characterises youth as ambitious, enthusiastic, energetic and promising. They are considered vulnerable in society because of the rapid pace of change they experience at this time in their lives. Nigeria's Youth's right from time are notable to be change-agents and drivers of societal transformatio ...
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