PIA Obaseki Foundation seeks to help reduce the unemployment rate in Nigeria through its Youth Empowerment Scheme. The scheme has been developed to help the youths through capacity building, skill acquisition and business grants support to help them start up or expand existing businesses.
Talented young people are been taken off the streets and are empowered through this scheme. Beneficiaries of the scheme are given the opportunities to be trained in their chosen vocations under an internship or apprenticeship arrangement.
The Foundation also help some of this youth startup their own business by providing them with business grant to startup or expand existing businesses and organise entrepreneurial training for youths to gain knowledge about the local business environment, mentoring, and networking with other entrepreneurs
Expanding Financial Inclusion:
Financial education without financial inclusion is of limited value. That’s why strong financial literacy programs improve not just the knowledge of youths but their financial behavior and, when necessary, their access to financial products, services and markets. PIA Obaseki Foundation together with Partners supporting the Foundation are consistently looking out for avenues to provide a balanced approach to financial access of different financial products available for students and investment groups among others.
Primary, elementary, middle, high school and university students have benefited greatly from the exposure PIA Obaseki Foundation financial education programs based in schools, universities and the community. At PIA Obaseki Foundation, we believe that basic financial habits and attitudes are formed early and a foundation for future financial learning and behaviour is set. Our youth programs are creative, engaging, research-based and include expert training and clear metrics to monitor impact. Such programs have been shown to improve young people’s financial knowledge, attitude and behaviour.
In many developing and emerging economies, microfinance, mobile payment systems, branchless banking and wider access to remittances have opened up exciting opportunities for the poor to improve their lives. But these advances can bring financial peril along with promise. At PIA Obaseki Foundation, we empower youths with education about basic financial product usage, awareness education about financial fraud and avenues for redress as they are vulnerable to both honest mistakes and bad actors.
Business and Investment Education:
PIA Obaseki Foundation provides financial literacy training, mentorship and business guidance to youth entrepreneurs. They are taught about business sustainability approaches and grant management through trainings that emphasize about understanding the target market through in-depth market research, drafting professional business plans and creating bankable financial models that can enable them minimize market risk and gain competitive branding benefits.
Underemployment and the lack of employment opportunities for young people is considered as one of the most significant socio-economic and security challenges we face. The consequences for young people to build a prosperous future are far-reaching, but wider communities can also suffer from the possible effects of high levels of youth unemployment; namely poverty, violent extremism, political instability, drugs and crime. At PIA Obaseki Foundation, we also promote a savings and investment culture among African youths by;
Partnering with financial institutions such as Banks and Telecommunication companies to create a savings platform for youths.
Creating a mutual online platform with the intent to empower young leaders to create sustainable job opportunities in selected regions.
Leveraging the potential of young people as widely as possible for job creation and highlight their potential as a solution to fostering prosperous and peaceful societies.
Raising awareness of youth unemployment opportunities and sharing best practice.