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MasterCard, JAN partner to provide financial literacy to Nigerian youth

220px-MasterCard_Logo.svgMasterCard and Junior Achievement Nigeria announced on Monday a joint collaboration to provide 600 secondary school students in Nigeria with education and training in financial literacy and entrepreneurship.

The Girls Enterprise Program is part of JAN’s Leadership Empowerment Achievement and Development camp, which recruits and trains secondary level students on various aspects of starting and running a business.

Forty volunteers and 60 small businesses have been tapped to administer the program. Ten program participants will be assigned to each partner with small businesses for a two-week internship, after which the student will undergo a one-day interactive session with the Microfinance institution.

At the end of the program, 100 “girlpreneurs” will assess resources and loans for their business start-ups, and all 600 program participants will form peer support groups based on location.

“MasterCard is privileged to work with Junior Achievement Nigeria to turn around the lives of young people in the country,” Omokehinde Ojomuyide, the vice president and area business head for MasterCard in West Africa, said. “We fully stand behind the youth, the future of this country, and gladly support this initiative to build capacity in entrepreneurship, which is a crucial component of financial empowerment. The partnership between MasterCard and Junior Achievement is ideal because we both share a passion for educating youth as they become financially active in society.”

MasterCard has been a partner of JAN for more than 10 years. The partnership began with the Junior Achievement-Young Enterprise program, which focuses on entrepreneurial thinking among youth.

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