25 young entrepreneurs benefit from business plan training –

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By Llama Jallow

Information Officer, MoYS

In its quest to promote and empower young entrepreneurs, the National Enterprise Development Initiative (NEDI), funded by the Gambian government through the Ministry of Youth and Sports, concluded on Sunday a training of five days on business development plans for 25 young entrepreneurs across the country.

The event attended by participants from all seven regions was held at the Trans Gambia Lodge in the Pakalinding Lower River region.

In his closing remarks, Saikou K. Sanyang, Permanent Secretary of the Ministry of Youth and Sports, said that one of the main challenges facing the expansion of young people’s own enterprise is the ability to develop plans marketable business to secure funding from development agencies and financial institutions. .

He assured participants that his ministry will continue to support NEDI’s efforts to remain relevant, sustainable and serve the interest of young people to create business enterprises and employment opportunities.

“I want to assure you that the government of His Excellency President Adama Barrow is always willing and ready to help provide the financial and technical resources needed to help aspiring young people in this country gain decent employment opportunities and a level high life,” he informed the participants.

Mr. Abass Bah, Managing Director of the National Enterprise Development Initiative (NEDI), said the aim of the training was to build the capacity of youth business owners to understand and be able to develop their own business plans to obtain financing and develop their businesses.

GM Bah said that the Gambian government, through the ministry and NEDI, has developed a series of interventions to create employment opportunities for the youth through entrepreneurship, and that one of the cardinal pillars successful and profitable business ventures is to have a business plan.

He informed grantees that to be successful, you have to think big and be innovative in creating new ideas.

Fabakary Sanneh, youth coordinator for the Bas-Fleuve region, urged participants to master their business ideas in order to attract investors and partners.

He added that developing the idea is one task but the process of implementation is another process.

He said most youth-owned businesses have failed because they run businesses without a business plan.

He therefore revealed to them that the government was changing the narrative, which is why NEDI, with funding from the ministry, organized such intensive training to ensure that start-ups are managed profitably and sustainably to create business opportunities. long-term employment for young people.

Lamin K Drammeh, an entrepreneur, spoke on behalf of the beneficiary and urged his colleagues to make the most of the knowledge gained from the training.

He therefore thanked the government through NEDI for organizing such training.



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