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Six Geo-Political Zones
Six Geo-Political Zones
- North Central – Federal Capital Territory
- North East – Bauchi
- North West – Kaduna
- South East – Abia
- South South – Edo
- South West – Lagos
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Twelve Months
Twelve Months
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Three Streams
Three Streams
Accelerate Labs
Accelerating The Economy Through Youth in Enterprise
According to the National Bureau of Statisics (NBS), Nigeria, out of total youth labor force of 89.5m (representing 48.7% of total labor force in Nigeria, a total of 18.8m of them were either unemployed or underemployed in the Q3 (third quarter) of 2017, representing a youth unemployment rate of 40.0%. This leaves unemployment rate high and having young people practically with no opportunities to participate in the markets; an irony in a predominantly youth nation.
Over the years, it has become apparent that the development of a nation is hinged on its younger generation; therefore, Accelerate LABS will be activating the small and medium scale engine to accelerate economic development through enterprise development and technology incubation. The goal of this project is to equip 2,160 youths (across the 6 geo-political zones in Nigeria) by building socially inclined , high profit, and highly competitive enterprise capable of impacting the Gross Domestic Product (GDP) of the country. At Accelerate Labs, we don’t just help in funding business ideas and promote nation building, we also aim at aiding youths to reach their full potential, through seminars/mentoring/research and practice.
