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RegCharles Foundation launched to address economic inequality in Nigerian Youth and Women

 Foundation, a sister company of RegCharles Finance and Capital Limited has forged a partnership with Global Institute for Entrepreneurship to revamp the youth and women entrepreneurship and empowerment space in Nigeria.

The partnership was signed yesterday in Lagos at the launch of the Non-Governmental Organisation (NGO). RegCharles Foundation is aimed at expanding the spirit of entrepreneurship across diverse communities by providing mechanisms to address inequality and exclusion of groups that face discrimination and disadvantage, hindering economic growth.

According to Group managing Director of RegCharles Group, Peter Damian Mbama, Global Institute of Entrepreneurship, a UK registered charity believes that entrepreneurship as a tool for social engagement can achieve shared social and economic goals for the regeneration and social wellbeing of individuals and communities.

Demonstrated through its programmes and pilot initiatives, Mbama said “GIE has proven that strengthening the spirit of entrepreneurship can achieve collective social goals, for the enhancement and betterment of stronger communities and future generations. GIE is an organisation that invest time, resources and funds to grow and support communities and is very keen in working within West Africa and the Caribbean to enhance entrepreneurship opportunities; hence the partnership with the Nigeria based RegCharles Foundation, to business in marginalised and vulnerable societies.

The partnership is expected to provide a platform for the target populations in marginalised societies to launch their business dreams, as well as influence their personal transformation via one on one sessions, training, conference, seminars and workshops. Capacity development programmes provided to Small and Medium Enterprises (SMEs) in Nigeria will cover business planning, entrepreneurship, financial literacy, credit management, leadership in business, micro insurance and technology integration.

According to Mbama, small and growing businesses will be provided with the relevant and contribution to national development through poverty alleviation and reduction in the unemployment rate.

Daily Independent Newspaper, Nigeria, page 22

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