Business plan

25 young entrepreneurs trained in Business Plan Training

The event attended by participants from all seven regions was held at the Trans Gambia Lodge in Pakalinding, Lower River Region (LRR).

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 the youth-owned business is the ability to develop marketable business plans to obtain funding from development agencies and 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 want to assure you that the government of His Excellency President Adama Barrow is always willing and ready to help provide the necessary financial and technical resources to help aspiring young people in this country gain decent employment opportunities and a high standard of living. ,” he declares.

Abass Bah, managing director of the National Enterprise Development Initiative (NEDI), said the training aimed to build the capacity of young business owners to understand and be able to create their own business plans. businesses to obtain financing and develop their activities.

GM Bah said the Gambian government, through the Ministry of Youth and Sports and NEDI, has developed a series of interventions to create employment opportunities for young people through entrepreneurship, citing 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, urges 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 fail because they run businesses without a business plan.

He said the government was changing the narrative, which is why NEDI, with funding from the ministry, organized such intensive training to ensure that youth-owned businesses are run profitably and sustainably to create opportunities. long-term employment for young people.

Lamin K. Drammeh, an entrepreneur, who spoke on behalf of the beneficiaries, urged his colleagues to make the most of the knowledge gained.

He thanked the government through NEDI for organizing this training.

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