Ondo State Entrepreneurship Agency
Entrepreneurship Development for Poverty
Eradication, Job Creation and Economic Growth
The speed, quality and sustainability of our economy’s recovery will be majorly determined by our effective response as a Government. This is why we have unveiled the Ondo State Entrepreneurship Agency (ONDEA), to directly tackle the challenges faced by our entrepreneurs as well as Micro & Macro businesses in the State.
This is also to further imbibe an entrepreneurial mind-set and culture into our people that will create more jobs in the near future. ONDEA will strategically direct, train, empower, and develop citizens and residents of our dear state to be self dependent. “
Governor Oluwarotimi Akeredolu
The Ondo State Entrepreneurship Agency (ONDEA) is a government agency established by the Ondo State Government in Nigeria. It was founded in 2020 with the primary goal of promoting entrepreneurship development as a means to eradicate poverty, create jobs, and foster economic growth within the state.
The agency’s mission is to provide a conducive environment for entrepreneurs to thrive, support the establishment and growth of small and medium-sized enterprises (SMEs), and facilitate access to funding, training, and mentorship opportunities. By focusing on entrepreneurship, ONDEA aims to empower individuals to become self-reliant, contribute to the local economy, and reduce unemployment rates.
Key Objectives of ONDEA:
- Poverty Eradication: ONDEA aims to alleviate poverty by promoting entrepreneurship as a pathway to financial independence and economic empowerment. By encouraging the establishment of businesses and providing necessary support, the agency helps individuals generate income and improve their standard of living.
- Job Creation: ONDEA recognizes the importance of job creation for overall economic development. The agency actively supports the growth of SMEs and encourages the creation of new enterprises, thereby generating employment opportunities for the residents of Ondo State.
- Economic Growth: ONDEA plays a vital role in stimulating economic growth by fostering an entrepreneurial ecosystem within the state. Through various initiatives, the agency promotes innovation, investment, and productivity, thereby contributing to the overall economic prosperity of Ondo State.
Activities and Services Provided by ONDEA:
- Training and Capacity Building: ONDEA offers entrepreneurship training programs, workshops, and seminars to equip aspiring and existing entrepreneurs with the necessary knowledge and skills to run successful businesses. These training initiatives cover various aspects of entrepreneurship, including business planning, financial management, marketing strategies, and digital skills.
- Access to Finance: The agency facilitates access to finance for entrepreneurs by partnering with financial institutions, microfinance banks, and other funding agencies. ONDEA provides information about available funding opportunities, assists with loan applications, and offers guidance on securing financial support for business development and expansion.
- Mentorship and Business Support: ONDEA connects entrepreneurs with experienced mentors and business advisors who provide guidance, advice, and support throughout their entrepreneurial journey. This mentorship program helps entrepreneurs overcome challenges, make informed decisions, and develop sustainable business models.
- Incubation and Co-working Spaces: ONDEA establishes and manages incubation centers and co-working spaces where entrepreneurs can access affordable office infrastructure, business support services, networking opportunities, and collaboration with like-minded individuals. These spaces foster innovation, creativity, and the exchange of ideas among entrepreneurs.
- Market Access and Business Linkages: The agency facilitates market access for entrepreneurs by organizing trade fairs, exhibitions, and networking events where they can showcase their products and services to potential customers, investors, and partners. ONDEA also establishes business linkages between entrepreneurs and larger corporations to foster collaborations and create mutually beneficial opportunities.
Overall, the Ondo State Entrepreneurship Agency (ONDEA) is dedicated to promoting entrepreneurship as a means to alleviate poverty, create jobs, and drive economic growth in Ondo State. Through its various initiatives and support services, ONDEA aims to nurture a vibrant entrepreneurial ecosystem that empowers individuals, stimulates economic activities, and contributes to the overall development of the state.