Youth must be empowered to become agile participants in economic activity.
This was highlighted by Minister for Commerce, Faiyaz Koya at the Memorandum of Agreement signing ceremony for Young Entrepreneurship Scheme recipients at the Civic Towers today.
He said ‘by investing in our youths, the nation will be contributing to their capability to succeed’.
Youths need to be given an opportunity to succeed.
Minister for Commerce, Faiyaz Koya says by providing a starting point for young Fijians, the nation will be able to create a strong generation, hence a stronger level of contributors to the economy.
“Now more than ever, our youth must be empowered and become agile participants in economic activities. By investing in our youth, we are contributing to their capability to succeed, providing a starting point to young Fijians in making a difference in society, and introducing a sense of independence and distinctiveness” says Koya at the Memorandum of Agreement signing.
The two recipients of YES were Rakin Wahed and James Colata, who adequately met the requirements for the funding of $12,000 and $30,000 respectively.
Wahed is planning to develop the first health app called Pasifika Heartbeat, while Colata aims to position his CrossFit fitness gym as a globally recognized gym.
The YES Scheme has assisted a total of 8 recipients through grant funding worth $129,000 in supporting young entrepreneurs successfully undertake business.
Koya says given the current economic conditions, it is essential that more young Fijians are encouraged and supported.
The ministry is advising young Fijians with unique and innovative business ideas to submit their proposals.