… offers 50% reduction in registration fees for corps members’ businesses with CAC

Oredola Adeola

The NNPC Foundation has pre-qualified 2,659 National Youth Service Corps (NYSC) members across Nigeria for the final phase of its Business Pitching Exercise and confirmed a 50% discount on the registration fee for their businesses with the Corporate Affairs Commission (CAC).

Olufemi Soneye Chief Corporate Communications Officer NNPC Ltd., made this known in a statement obtained by Advisors Reports.

According to him, the final phase of the NNPC Foundation Business Pitching Exercise is billed to be held from July 2 to 10, 2024.

He added that the exercise is an integral part of the NNPC Foundation’s Financial Literacy Program for Nigerian youths which witnessed the engagement of over 284,000 corps members, who underwent rigorous training and assessments.

Soneye further confirmed that during the pitching exercise, projects that stand out will receive startup packs, business advisory services, and opportunities to scale their ventures.

He also mentioned that the management of the NNPC Foundation has facilitated a significant 50% reduction in the registration fee for corps members’ businesses with the Corporate Affairs Commission (CAC).

Mrs. Emmanuella Arukwe, Managing Director of the NNPC Foundation, speaking on the exercise, said the selection criteria would focus on the feasibility and sustainability of the business idea, market relevance, competitive edge and innovation, scalability, the potential impact on the community, and the entrepreneurial spirit of the corps members.

“We have identified these 2,659 individuals who are ready to present their business ideas to a distinguished panel of assessors,” Arukwe stated.

MD of the NNPC Foundation further mentioned that the Financial Literacy Program is aligned with the NNPC Foundation’s mission of equipping young Nigerian graduates with the necessary skills for personal and professional development.

“By educating corps members on financial management and entrepreneurship, the program aims to empower them to become economically self-sufficient and to contribute positively to society,” she added.