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UK Business guru to aid Nigerian entrepreneurs – Business Leaders

August 16, 2012 No Comments »

Business guru, entrepreneur and former reality TV star Doug Richard is spearheading a project to help 1,200 ambitious young entrepreneurs in Nigeria start up businesses in a drive to create 50,000 new jobs.

The American businessman, who is based in the UK, was one of the Dragons in the first two series of BBC Television’s hugely popular show, Dragon’s Den. In the show, a panel of top businessmen and women are presented with business ideas from start-up firms hoping to win an investment deal from one or more of the ‘dragons’.

Richard is the founder of the School for Startups which has been invited by the Nigerian Federal Ministry of Finance and the UK Department for International Development (DFID) to be part of The Youth Enterprise with Innovation in Nigeria (YouWIN) scheme.

The School for Startups will deliver tuition to the wannabe entrepreneurs through an intensive course of boot camps and e-learning support.


Richard said: "It is a great privilege to have been invited to take School for Startups to Nigeria. The prospect of giving a shot in the arm to Nigeria’s economy is an incredibly exciting one, giving young entrepreneurs the skills and confidence they need to succeed.

“The challenges facing entrepreneurship are the same the world over. What is needed everywhere — and Nigeria is no exception — is a culture in which entrepreneurship can take root. Young businesses hold the key to the nation’s economic future and this programme will play a crucial role in helping them grow."

Dr Ngozi Okonjo-Iweala, Coordinating Minister for the Economy and Minister of Finance, the Federal Government of Nigeria said: “We are delighted to partner with Doug Richard and the School for Startups on these boot camps for entrepreneurs

“The response to YouWIN! within and outside the country has been tremendous and the boot camps will certainly help the government to deliver on the ultimate objective of creating thousands of jobs for Nigerian youths."

Participants in the School for Startups boot camps range from start-ups to pre-existing enterprises that are looking to expand. They have been selected through YouWIN!’s nationwide Business Plan Competition.

The boot camps will take place across six geopolitical zones of Nigeria, with confirmed locations including Lagos, Abuja, Enugu and Calabar.


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