• Saturday, June 15, 2024
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Economic hardship: Father Mbaka hails FeeFund initiative

Economic hardship: Father Mbaka hails FeeFund initiative

Father Ejike Mbaka, the spiritual director of the Adoration Ministry Enugu, has hailed the launch of Fund-Yes Entrepreneurship Enhancement Fund (FeeFund) towards cushioning the effect of the current economic hardship on Nigerians.

FeeFund is an initiative of FUND-YES Cooperative, a non-bank financial investment and wealth creation cooperative business society of youths, women and financial investors, established by Kennedy Iyere, a social entrepreneur,

Speaking in Enugu, Mbaka lamented the high unemployment rate among the youths, describing it as worrisome and calling for an urgent need to tackle it.

He noted that insecurity would fester if key social problems in the country were not addressed, noting that the current situation has made it important to encourage and support women to embrace entrepreneurship.

Read also: Hardship: Uneasy calm over Tinubu’s economic policies

Mbaka described entrepreneurship as a viable tool to tackle youth unemployment and therefore, called for an entrepreneurship revolution among Nigerian youths.

While commending Iyere and the partners of FeeFund, Mabaka expressed optimism that it would help to provide business financing and enterprise development assistance for youths and women entrepreneurs.

“This is the time to create mass employment through entrepreneurship and take millions of youths, women and families out of poverty, hunger and economic hardship.

“FeeFund is coming at a time Nigerians need it the most. It is important to address the country’s ongoing problem of economic hardship. This is why I have endorsed FeeFund. This is the way to go if we must create jobs for our youths and women,” the cleric said.