Wema Bank and Nigerian Government, Powered by GetFundedAfrica’s DIMP Software, Lead Workforce Innovation
In a groundbreaking move, Wema Bank Plc. has joined forces with the Federal Government of Nigeria (FGN) through the Office of the Vice President to embark on a mission that could revolutionize the Nigerian workforce. The ambitious project aims to train 2 million youths and 1 million micro, small, and medium-sized enterprises (MSMEs) across the country and offer them access to a funding pool of $50 million in grants, equity investments, and soft loans.
Wema Bank’s Vision for Innovation
Wema Bank is setting its sights on becoming a pioneer in banking innovation in Nigeria. In a country as vast and diverse as Nigeria, there can often be a disconnect between the government’s ambitions and its capacity to execute projects at a large scale. To bridge this gap, the FGN, under the Office of the Vice President, reviewed various proposals from the private sector and decided to partner with Wema Bank, the owners of Nigeria’s first digital banking platform, ALAT.
Wema Bank’s Role and Global Partnerships
Wema Bank’s commitment to innovation extends beyond this project. The bank plans to collaborate with states across Nigeria to renovate or build innovation centers in partnership with the relevant FGN ministries. To ensure the success of this extensive initiative, Wema Bank scoured the world for partners. After a rigorous selection process, GetFundedAfrica was chosen as the Technology Partner and Program Design Partner. They deployed their Digital Innovation Management Platform (DIMP), which promises a seamless experience for program applicants and partners.
DIMP’s Features and Benefits
DIMP, the Digital Innovation Management Platform, serves as the backbone of this initiative. It facilitates a smooth onboarding process for applicants and program partners. It also provides a framework for delivering both online and offline courses, allowing for individual learning path customization using AI tools. Furthermore, DIMP integrates with certification partners like Microsoft, Google, Oracle, Amazon, Cisco, Meta, and others, adding value to participants’ skill development. The platform’s capabilities extend to supporting global job placements, marketplace opportunities, and digital storefronts for business owners and aspiring entrepreneurs.
The Transformative Power of Collaboration
The collaboration between Wema Bank and the FGN is a significant milestone in Nigeria’s quest to re-skill and up-skill its workforce. This program is open to applicants from all states of Nigeria and invites local and international partners to join hands with the bank and the government. The overarching goal is to provide working professionals, job seekers, business owners, and aspiring entrepreneurs with opportunities they may not have had otherwise.
Positioning Nigeria for a Global Future
The ultimate aim of this partnership is to position Nigeria as a global workforce for both the present and the future. By empowering individuals with cutting-edge skills and funding opportunities, the program seeks to create a workforce that can compete on a global scale.
How to Get Involved
For those who wish to learn more about this transformative initiative and how they can benefit, click here.
If you represent corporate organizations, government agencies, academia, investors, mentors, advisors, or training institutions, and you want to partner with the FGN and Wema Bank, please use the partnership link here
GetFundedAfrica’s Role
GetFundedAfrica is thrilled to be a part of this program and eagerly anticipates the transformation it will bring over the coming years. The collaborative efforts of Wema Bank, the FGN, and their partners have the potential to reshape Nigeria’s workforce and open doors to countless opportunities for its people.
In conclusion, the partnership between Wema Bank and the Federal Government of Nigeria is a remarkable step toward a brighter future for the Nigerian workforce, promising innovation, training, and funding on an unprecedented scale.
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