FoodCo Fellowship, a capacity- building programme aimed at transforming high potential post-graduate students into top performing retail leaders, has graduated the first batch of students from the programme.
The Fellowship, established in 2019 by FoodCo Nigeria Limited, recruits eligible candidates from top business schools across the country, and exposes them to the fundamentals of management and best practice, across a wide operational framework of learning and development.
The students are also placed in real-life problem-solving situations to enhance their ability to think and evolve ideas for business decision-making.
Speaking on the programme, Human Relations Business Partner, FoodCo Nigeria, Adetoro Adewuyi, explained that the motivation behind the Fellowship was to address the dearth in skilled professionals at management levels, in order to drive the growth potential of the Nigerian retail sector.
According to Adetoro, “the Nigerian consumer retail segment where FoodCo operates is one of the largest in Africa. However, most of this market is in the informal space which leaves a lot of room for wastage especially in the areas of human capacity development and resource optimisation. This is the challenge the Fellowship seeks to address by nurturing a new generation of retail business leaders,” he stated.
Adewuyi described the results so far achieved as a pointer to the future of organised retail in the country both in terms of attracting a talented pool of managers and leadership who understand the key operations of the sector, and in building structures for innovation and scale to meet the demands of the 21st Century shopper.
One of the fellows, Oluwatomilade Soremekun, described the training as an eye-opener into the rich prospects of the Nigerian retail industry, a development, he added, stimulated his interest for a career there.
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