Economic Empowerment

BACKGROUND

It’s a vicious cycle. Overwhelming poverty exacerbates Africa’s most pressing problems – massive unemployment, HIV/AIDS, conflict, lack of health care, clean water and sanitation. These problems in turn lead to even more poverty. ACBF works on empowerment projects that attack and eradicate poverty from the root.


 

IMPLICATIONS

Poverty leads to hopelessness. The results of widespread poverty range from premature motherhood and prostitution to exploitation of children and recruitment into insurgent groups.


 

ACBF’S FOCUS

80% of Nigerian youths are without jobs. Unemployment among youth presents an ongoing threat to the stability of Nigerian communities. In partnership with Nigeria’s Federal Development & Finance Group (represented by the Central Bank of Nigeria) ACBF established and manages the Entrepreneurial Development Center (EDC) program for Nigeria’s North Central geo-political zone


 

SUCCESSES

Since 2013, ACBF has trained over 4,000 young men and women complete skills training preparing them to start their own businesses and/or competently enter the workforce. Ground-breaking for a second EDC is scheduled for Fall 2014.

Our Chairman, Professor Humphrey Nwosu saw the students’ need for start up capital and answered the call personally by launching the Professor Nwosu Empowerment Grants in 2014.