The Federal Institute of Industrial Research Oshodi (FIIRO) has been the foremost Research Institute in Nigeria and in the vanguard of the industrialization and social economic development of Nigeria through her research activities. As a technology provider to the micro, small medium and large-scale industries, the institute has again, in collaboration and partnership with Business Support Academy (BSA) organised a 5-day Entrepreneurship/Technology Transfer Training program, to empower youths and women.
The acting Director General, FIIRO, Dr. Mrs. Yemisi Asagbra during the press briefing to kickstart the training programme said that FIIRO has successfully created impact and reached the beneficiaries of its research outcomes through collaboration and partnership with organizations and business outfits that focus on empowering would‐ be entrepreneurs, women and youths, such as BSA. FIIRO is enthusiastic about the common vision we share with BSA, the similarities in our culture of knowledge and the added value we can create for entrepreneurs.
FIIRO and BSA also share the same passion with the federal government of Nigeria to strengthen Nigerian women and youths through the acquisition of skills and the provision of investment funds as an entrepreneurship development. Dr. Mrs Asagbra noted that the Covid19 pandemic era had been a very traumatic one for Nigerians having led to unemployment and job losses and deaths. She opined that the training was to help cushion the effects of the pandemic on the economy and further impact positively on security and the wellbeing of all.
Otunba Kolawole Olohundare, Chairman, CEO of Business Supports Academy said that the choice of FIIRO as a strategic partner is borne out of the conviction that enough products have been developed in line with international best practices for adoption by entrepreneurs. "The training we are proposing is a huge opportunity to expose the Nigerian youth and women to varieties of business ideas with lots of FIIRO's developed technologies".
Olohundare reiterated that, " the training is going to be monumental in many respects. It targets every Nigerian youth desirous of financial empowerment and breakthrough; only those who have signed a permanent deal with poverty or made more than enough money are not eligible". He also implored Nigerian youths and women to take advantage of the massive opportunity presented to them as a post Covid19 intervention package by the federal government and complimentary roles of the private sector players.
The BSA boss emphatically stated that if Nigeria youths should harness the hidden gold in agro‐allied businesses, unemployment and insecurity will be a thing of the past. " As a key player in the Agro‐allied business in Nigeria, we will be failing this nation if we fail to galvanize support as a matter of urgency for the various beautiful government initiatives vis‐a‐vis the target beneficiaries, the youth, women, vulnerable groups and teeming unemployed graduates".
He counselled that graduates of the training program need not fret about funding since BSA has identified and partnered with agencies in charge of the various funds made available by government like the Central Bank of Nigeria, CBN, Bank of Industry BOI, Nigerian Incentive‐based Risk Sharing system for Agricultural Lending NIRSAL and others. " participants would be mentored on quick access to at least five-million-naira seed fund, from the Youth Investment Fund, NIRSAL and BOI funds.
Benefits of relating to business regulating Agencies like SON, CAC, NAFDAC and FIIRO for a total business package of potential Small and Medium Enterprises operators. With these agencies playing active roles in training and mentoring ". with the organization's 2025 vision targeted at creating two million jobs and would commence on April 12.
to partake in the programme, applicants are advised to register at https://www.bsafiiro.com/