THE Chairman of the Northern Senators Forum, Senator Aliyu Wamakko, in conjunction with the Central Bank of Nigeria, CBN, and the National Directorate of Employment, NDE, has commenced the training of four hundred youths from across Sokoto state on how to effectively prepare profitable and acceptable feasibility studies and business plans.
The beneficiaries were those recently trained in five vehicular and residential security fields by Senator Aliy Wamakko, through an Abuja based firm in Closed Circuit Television Installation, Security fence installation, Smokes detector services, Car Tracker and Auto Dealer Installation.
The three-day training is targeted to make the graduands benefit from the N25 billion set aside by the CBN for disbursement to Nigerians, with N780 million earmarked for Sokoto state.
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Declaring open the training, Senator Wamakko said, the exercise was a follow up to the three-week training he recently sponsored in Sokoto.
Represented by his Director of Administration, Alhaji Al-Mustapha Abubakar Alkali, Wamakko said,” these youths would be taught the basic rudiments of an effective, efficient, profitable and acceptable feasibility studies and business plans.
“This is in the bid to make them qualify to benefit from the N25 billion earmarked by CBN, to be disbursed through NDE and can upon scaling through, benefit with between N500,000 to N9 million.
“These loans are collateral free, as I would be their guarantor, hence, they should use the funds wisely.”
The Sokoto State NDE Coordinator, Alhaji Isa Jibrin, commended Senator Wamakko for the unparalleled gestured, even as he promised to work assiduously to ensure the success of the partnership.
The leader of the CBN Team, Alhaji Faruk Abdullahi, explained the various modalities on how to effectively draw from the loan scheme, even as he also vowed to work to make the tripartite partnership worthwhile.
Alhaji Faruk Abdullahi also urged the participants to prepare workable feasibility studies and business plans, which should also be in tune with the extent needs of the people of the state.
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