NDDC announces N30 billion fund for young entrepreneurs’ development in Niger Delta 

The Niger Delta Development Commission (NDDC) has announced a N30 billion fund aimed at fostering young entrepreneurship in the Niger Delta region.

In a statement released on Saturday, the NDDC revealed that the funds will be channeled through the Niger Delta Chamber of Commerce, Industry, Trade, Mines, and Agriculture (NDCCITMA) to support the growth and development of young entrepreneurs in the region.

NDDC Managing Director, Dr. Samuel Ogbuku, disclosed this during a recent interview.

He emphasized the Commission’s dedication to empowering youths through economic initiatives, including training and support for Small and Medium Enterprises (SMEs).

“The consultant managing the application process is working to streamline entries and ensure a coordinated launch of the various skill areas by January 2025,” the statement added. 

According to the NDDC, successful applicants will be notified soon.

The initiative said to be is designed to foster economic growth and peace in the Niger Delta by engaging youths in meaningful ventures and promoting entrepreneurship through structured support from NDCCITMA.

The NDDC was established by the Federal Government in 2000 to drive development in the South-South region of the country.

One of its core mandates is youth training and empowerment.

This was disclosed by the Commission’s Director of Corporate Affairs, Mr. Pius Ughakpoteni, in a statement issued in Akwa Ibom State.

According to Mr. Ughakpoteni, the Commission is equipped with an innovative and results-oriented roadmap to ensure the holistic and sustainable development of the Niger Delta, transforming it into a region of economic prosperity.