Lagos State Governor, Akinwunmi Ambode, has approved the payment of N30,000 as monthly stipend to Ready.Set.Work (RSW) interns who have been placed in various organisations for six months.
The governor also approved N8 million in seed funding for the top five winners of the RSW Business Pitch Competition, whose businesses will be placed in incubation.
The beneficiaries will commence their internship and incubation, respectively, on March 1.
Special Adviser to the Governor on Education, Obafela Bank-Olemoh, in a statement yesterday, said the interns were part of the 2,000 final year students from six tertiary institutions in the state who took part in the 2017 edition of the 13-week intensive entrepreneurship and employability training programme.
He said the Ready.Set.Work programme, which held its pilot in 2016, with 500 final year students from three tertiary institutions in the state, was scaled up in 2017 to 12,000 students from six institutions, including Lagos State University, University of Lagos, Lagos State Polytechnic, Lagos State College of Health Technology, Adeniran Ogunsanya College of Education and Michael Otedola College of Primary Education.
“In 2016, we placed 76 students in internship with partner organisations like PwC, SystemSpecs, Total, GTBank, FCMB and Access Bank, which provided six-month paid internship opportunities for RSW graduates. The governor further expanded the scheme by approving funds to place an additional 100 RSW graduates in internship positions with SMEs across Lagos State, with monthly stipends provided by the government.
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