Lagos technical colleges’ graduates to get loans for own businesses
The Lagos State Government has expressed its readiness to provide loans for technical colleges’ graduates who indicate interest in starting up their own businesses.
The Deputy Governor, Mrs Adejoke Orelope-Adefulire, told students and stakeholders at the second edition of Enterprise Day, held at NECA House, Alausa, Ikeja, that the loans would be interest-free.
The event, which was organised by the Lagos State Technical and Vocational Education Board (LASTVEB) and chaired by Mr. Olawumi Gasper, was designed to develop a new generation of entrepreneurs.
Mrs Orelope-Adefulire explained that the beneficiaries would not provide any collateral.
She explained that the loans would be processed through the Lagos State Micro Finance Institution (LASMI), adding that forms will be provided for the students at their various institutions to enable them apply.
Orelope-Adefulire said the Enterprise Day celebration was a programme of the government properly articulated to foster enterprise education among technical college students.
She said the programme was geared towards encouraging the students to embrace entrepreneurial activities and develop the right attitude to entrepreneurship and self-employment.
She said: “We have chosen to champion vocational and technical education as it focuses specifically on providing job-related skills for students, while also preparing them to be better positioned to develop new enterprises.
“We have not departed from the position that technical and vocational education presents a complementary approach to general education. Our students are given the right opportunity to explore and identify potential career goals and are provided with the resources needed to achieve goals through technical partnership with industry stakeholders.”
Also Commissioner for Education, Mrs Olayinka Oladunjoye, said the first Enterprise Day was aimed at instilling a positive attitude in Lagos youth towards entrepreneurial spirit.
Oladunjoye said the government placed emphasis on curriculum re-alignment in the technical colleges, highlighting the importance of entrepreneurship, skills, training, involvement of industries and public private partnership in technical and vocational education for meeting emerging needs of globalised economy.
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