The Local Government Youth Industrial Cooperative (LGYIC)

The Local Government Youth Industrial Cooperative (LGYIC) is an industrial value-chain-cluster of related ventures established within every local government by our students in collaboration with trained LG indigenes of reputable character. The clusters will source a minimum of 60% of their raw material within their local government to be effective. They will compete with other LGYIC’s for the position of the most resourceful and profitable based LGYIC.

Finance will come from crowdfunding with proposals offered to the broader general public. LGYIC will seek funding from International Development Funding Institutions and Diaspora Equity Partnerships towards LGYIC projects in local governments of their choice.  The level, scope, and size of the LGYIC would determine the extent of the instruments employed. LGYIC’s will level the business playing field in their LG’s by eliminating unfriendly bureaucratic bottlenecks and illegal obstructions within LGA’s, making it easier to open shop. LGYIC’s operates as a firm with several independent businesses of similar and linked persuasions under its purview. Consideration for a 15-year tax break running status from the Federal Government will encourage participants. Don’t hesitate to get in touch at contribute@ps2.education if you have ways you feel you can contribute to this Private Sector Programme.

Benefits:
⦁ Reduce youth unemployment by establishing cottage-sized industries.
⦁ Increase utility and productivity of local talent and raw materials.
⦁ Utilize natural resources currently unused in the local government.
⦁ Empowering the private sector to take charge of what they know locally without excessive bureaucratic interference.
⦁ Reduces the reliance on imported goods by locally producing imported items.
⦁ To provide local government indigenes on this programme an opportunity to create something that identifies with their local government.

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