The Centre for Information Technology and Development (CITAD) organized a Business Clinic for the beneficiaries of its DICI_YOW and E-waste trainees in Kano state.
According to CITAD’s senior program officer, Malam Isah Garba, experts were invited from the Corporate Affairs Commission (CAC), Bank of Industry (BOI), and The Incubation Centre to discuss with the trainees and proffer lasting solutions to their business problems.
He explained that the purpose of the gathering is to equip participants with the best standard practices of business enterprises and connect them with opportunities such as soft loans, mentorship, and continuous capacity building in their chosen sector.
The senior program officer stressed that the symbolic business clinic is the 6th edition in Kano, stating that trainees undergo rigorous training on entrepreneurship skills. The first component is on electronic waste collection, and the second is on digital livelihood skills to reduce unemployment.
“The business clinic has been organized in Bauchi and Abuja. Youths were trained on how to collect waste, reuse, repair, and recycle them, while digital livelihoods skills have to do with ICT and digital marketing to make them employers of labor.”
The regional manager of the Corporate Affairs Commission Kano office, Alhaji Mustapha Dahiru, pointed out that, according to section 7 of the Companies and Allied Matters Act, CAC is an autonomous body charged with the responsibility of regulating the formation and management of companies in Nigeria.
He noted that the mandate of the CAC is to administer the act, including the regulation and supervision of the formation, incorporation, management, and winding up of companies, establishing and maintaining companies’ registry and offices in all the states of the federation suitably and adequately, among other responsibilities.
The representative of the Bank of Industries (BOI), Kano office, Fatima Abdullahi Paiko, highlighted that the bank deals with companies, not individuals, and does not provide cash but only finances items of equipment.
She said fully registered companies can access loans from one million to ten million naira, while that of the limited liability companies stands at one million to two billion naira and above.
