Worried about rising unemployment, Technoserve, a United States-based non-governmental organisation in partnership with Citi Foundation launched a project to train and support 300 youth entrepreneurs and shop owners in Abuja on Friday.

“The organizers came to my shop and explained how the training will increase my expertise in managing my business and making more sales”, Kingsley Owhor, a provision seller at Lugbe said.

For Mr. Owhor, he intends to access the financial assistance, technical know-how and use of technology in doing business which the program promises to cover.

Daniel Akachukwu , a dry cleaner at Wuse said he is more concerned with the skills he will acquire through the training.

“Its not all about money but how to manage the money. Its better to learn how to catch fish than always ask for a fish”, Mr. Akachukwu said.

The project titled, “Pan African Youth Entrepreneur Development, PAYED” according to organisers is a one-year program designed to equip 150 unemployed youths between the ages of 18 and 35 who have entrepreneurship drive with functional business plans and financial assistance such as ease of access to loan and start up packages.

Another 150 shop owners will be trained on new business and financial management skills that can be directly applied to increase average business sales by more than 30 per cent.

“This will help reduce rate of youth unemployment. These young entrepreneurs will become bosses and also employ others”, Chinwe Iworji, the project coordinator said.

Ms. Iworji said the project is divided into two; the training phase and the after care phase.

She said the training phase will last between November 6 and May 2018 after which there will be 70 per cent increase in use of technology in doing business and employability skills among participants.