Business plan

25 young entrepreneurs benefit from Business Plan training –

By Lama Jallow

Information Officer, Ministry of Youth

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 a five-day training course on Sunday. on business development plans for 25 young entrepreneurs across the country.

The event attended by participants from the seven regions took place 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 young people’s own business expansion is the ability to develop plans. marketable business to obtain 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 interests of young people to create businesses and employment opportunities.

“I would like to assure you that the government of His Excellency President Adama Barrow is always willing and ready to contribute by providing the financial and technical resources necessary to help the aspiring young people of this country to acquire decent employment opportunities and a level high life, ”he informed participants.

Mr. Abass Bah, Managing Director of the National Initiative for Business Development (NEDI), said the objective of the training was to build the capacity of young business owners to understand and be able to create their own business plans to obtain financing and develop their activities.

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

He informed the beneficiaries that to be successful, you have to think big and be innovative by creating new ideas.

Fabakary Sanneh, Youth Coordinator for the Lower River 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 implementation process is another process.

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

So he 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 run 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 through the training.

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

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