Lagos State government has announced the approval of the sum of N15.5 million grant for final year students of higher institutions that enrolled for the Ready.Set.Work programme.
According to the state government, the N15.5 million is a seed funding and grants donated by the state government, to help prepare about 500 promising final year students, from Lagos State University (LASU), Lagos State Polytechnic (LASPOTECH), and Lagos State College of Health Technology (LASCOHET), enrolled in the various rigorous curriculum tracks in June, last year.
The Special Adviser to the Governor on Education, Obafela Bank-Olemoh, explained that the initiative was meant to provide such students in the state with the tools, knowledge, and know-how on becoming effective employees or job creators.
About 500 final year students from LASU, LASPOTECH and LASCOHET, were said to have enrolled in rigorous curriculum, under the scheme.
About 90 successful students that participated in the employability scheme would have the opportunity of being placed in six-month internship positions with organizations like PwC, SystemSpecs, FCMB, GTBank, Access Bank, TOTAL, Jobberman, Stutern, among others.
Obafela noted that with the recent grant, about 80 students in the entrepreneurship track will likewise have the opportunity to partake in three to six-month entrepreneur apprenticeships, where they will have the opportunity of deepening their knowledge on how to develop processes for various business functions, and build a network of vendors, industry peers, and mentors.
He added that the grant would also provide seed funding and working capital for the top three teams to emerge from the Business Pitch Competition, scheduled to hold in the state on September 3.