AS part of its Corporate Social Responsibility, CSR drive towards supporting skill acquisition among youths to prepare them for self-employment, Sterling Bank Plc has signed a partnership agreement with Field of Skills and Dreams, FSD, a reputable vocational training institution to provide training programmes for members of the National Youth Service Corps, NYSC.
Under the agreement, Sterling Bank will sponsor the training of NYSC corps members in various vocations during the course of their service year in alignment with its expressed purpose of enriching lives. The Bank has so far funded the training of about 100 NYSC members in various vocations during the pilot stage through the NYSC-SAED (Skills Acquisition and Entrepreneurship Development.
The Bank has also equipped a 20-seat ICT laboratory of the FSD which will provide all participants with rotational access to free ICT training.
Sterling Bank in a statement explained that the need to support the development of skills among the youth has become inevitable given the growing rate of unemployment in the country. “We believe that the steps we have taken so far would help in ameliorating the problem of unemployment in the country and support other initiatives such as the Youth Empowerment Scheme (YES) and the Youth Enterprise with Innovation in Nigeria (YOU-WIN) introduced by the government to checkmate the relatively high rate of unemployment in the country”.
The Bank noted that entrepreneurship through the growth of SMEs remains pivotal in the growth of any nation. SMEs have played and continue to play significant roles in the growth, development and industrialization of many economies. In the case of Nigeria, SMEs have performed below expectation due to a combination of inadequate capacity in terms of skill and access to required funds. This is why Sterling Bank has taken the bull by the horn because the solution lies in broad based partnerships for maximum impact”.
Already, Sterling Bank has demonstrated a strong commitment towards empowering fresh graduates with the introduction of programmes such as the “Get Ready for Work” and “Meet the Executive”. “It is in line with this, that we are supporting the FSD as a holistic measure to empower the Nigerian youth with adequate skills set and knowledge to be their own bosses”.
The Bank also explained the choice of FSD: “Field of Skills and Dreams is a vocational, technical and entrepreneurship training institute that has succeeded in training various Nigerians and ensured their economic empowerment through hands-on training programs.
The institute has been in existence since 2003 and has graduated over 400 graduates with a 60% success rate. The institution organizes various vocational trainings like Tailoring, Carpentry, Soap making, Cake Baking, Make-up Artistry, Electrical works and more”.

READ ALSO  Heritage Bank restates commitment to deepen Agro-business funding