Heritage Bank CEO Highlights Success Factor for CBN Youth Fund Beneficiaries

[vc_row][vc_column][vc_column_text]Managing Director/Chief Executive Officer of Heritage Bank Plc, Mr. Ifie Sekibo has identified character as the success factor for the 1,500 youths participating in the Central Bank of Nigeria (CBN) N3billion Youth Innovative Entrepreneurship Development Programme (YIEDP).

Speaking at the official flag off of the training programme of the first batch of beneficiaries of the youth empowerment programme initiated by the CBN with Heritage Bank Plc and the National Youth Service Corps (NYSC) as partners, Sekibo advised the youths to adopt a strong positive character to enable them take advantage of the platform being presented to them.

The event, which took place at the NYSC Orientation Village, Kubwa, Abuja marks the beginning of an experiment in reducing graduate unemployment in the country by extending single-digit interest loans to enable qualified NYSC members and young graduates fulfill their dreams of becoming entrepreneurs.

Mr. Sekibo tasked the young beneficiaries, who through initial tests were selected from nearly 10,000 applicants, to remain focused and tenacious so as to be able to succeed. Said he: Today, you represent the first step into an experiment that if we succeed, we would be on a part of turning the economic tide of our great nation. But you have to bring your character to the table. If you do not bring your character to the table, this experiment will not succeed.

He added that, As I wish you well, I beg you in the name of God to bring your character to the table. You must develop a tenacious spirit, a can do spirit, a never say die spirit that can surmount all challenges. The effort we have undertaken today will amount to nothing if your character is not on the table. Every man, every leader worries about the character of the people he works with. If you are tenacious we will do the best we can to sponsor you to your highest dreams. Give us the opportunity to sponsor you to your highest dreams.

The CBN  had selected Heritage Bank as its pilot partner bank to unveil, administer and manage the laudable project, which will focus on dependable job-creating sectors, such as agricultural value chain (fish farming, poultry, snail farming), cottage industry, mining and solid minerals, creative industry (tourism, arts and crafts), and Information and Communications Technology (ICT).

Following the inauguration of the initiative by the CBN and the subsequent launch of a business application portal by Heritage Bank in March this year, not less than 10,000 applications have been received.

Out of this number, 1,547 candidates, representing the first batch of possible beneficiaries of soft loans for their business ideas, have been shortlisted to report for a 3-day business development training workshop, which will be conducted across CBN Enterprise Development Centres in the six geopolitical zones.

To be eligible for the YIEDP funding, youths must be within the age bracket of 18 and 35 year old, serving National Youth Corps members or non-NYSC members with not more than five years post-service.

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Heritage Bank will increase wallet of business transactions with Lagos State Govt - George-Taylor
L-R: GoodLuck Linda, WOSSA Chief Welfare officer; Helen Unabor, WOSSA Chief Protocol officer; Olawale Osundele, Regional Head, Lagos Island 1, Lagos Island 1 Zone, Heritage Bank; Amb. Tayo Thomas, President of WOSSA; Dame Jennifer Omotayo-Thomas, Vice president, WOSSA and John Adah, Team Member, Corporate Communications, Heritage Bank, during the award ceremony held in Lagos to mark this year’s International Widows Day themed: Gender Equality Today for a Sustainable Tomorrow”

PRESS RELEASE

Heritage Bank supports over 500 widows, receives UN Award for Humanitarian Service 

Heritage Bank received the 2022 United Nations Award for Humanitarian Service from the Widows & Orphans Support Society of Nigeria (WOSSA), as no fewer than 500 widows and orphans in Lagos State benefitted from the Bank’s support. 

This was made known during the award ceremony held in Lagos to mark this year’s International Widows Day themed: Gender Equality Today for a Sustainable Tomorrow”.

The event was an opportunity to recognize Heritage Bank’s Corporate Social Responsibility (CSR) roles to widows, their children and other less privileged within the society.

Speaking during the awards presentation, Founder, Widows & Orphans Support Society of Nigeria (WOSSA), Ambassador Tayo Thomas, said Heritage Bank is one of the group’s key partners and has for years shown massive support to the widows. 

He said: ” Basically, we are giving this award to people and organizations that have been supporting the less privileged widows. These are our partners, they have been doing great service to humanity, especially service the less privileged widows in meeting their financial needs and those of their children”. 

Continuing, he said: “The United Nations Humanitarian Award is to appreciate and acknowledge them for their support to the less privileged widows. The United Nations Humanitarian Award is an award we give every 24th of June to those who have really supported the widows. Those who have joined us to fight against injustice against the widows. That is the reason for today”. 

Speaking at the event, Heritage Bank Regional Head, Lagos Island 1, Olawale Osundele, said the bank has for years, remained committed to improving people’s lives. 

He said: “It has always been one of our front liners to always improve the quality of people’s lives right from childhood. And today that they are marking the International Widow’s Day, we are also part of the support team to WOSSA in various aspects.”

“We have been supporting them in terms of providing quality education for children of widows to ensure that life after the death of their husband is still good to them and their children. We also support the children and orphans and the less privileged in the society,” he added.

According to Osundele, the bank’s support to the widows has always been a source of joy to them.  “It means that life still means a lot to them. You can see the joy in their faces. Despite what they are going through, they are still very happy and relevant in society,” he said. 

One of the widows at the event, Mrs. Felicia Ugwunwanne thanked Heritage Bank and WOSSA for their continuous support to the widows and less privileged. 

She said that WOSSA is through the support of partners such as Heritage Bank, making life better for the widows and their children. 

“The WOSSA has for years, been assisting so many of us, including our children and orphanages. WOSSA gives us cash, help some widows to pay their house rent, school fees for widows’ children, among other things,” she said.

Ugwunwanne said the widows under WOSSA are being trained for skills acquisition to improve the quality of their lives.

“I am aware that the WOSSA is working on securing loans from Microfinance Bank, and we have completed forms to achieve the purpose. Our members are prepared to access the loans. Some of the widows have gone to learn some skills that will enable them to invest and succeed in whatever craft or business they are doing so that they will not continue to depend on people,” she said. //END.//

Ozena Utulu, Ag. Group Head, Corporate Communications