about fate fate foundation is a non-profit organisation created and funded by a group of concerned nigerians led by mr. fola adeola
About FATE
FATE Foundation is a non-profit organisation created and funded by a
group of concerned Nigerians led by Mr. Fola Adeola in response to the
challenges of unemployment induced poverty prevalent in the Nigerian
society in March 2000.
The driving principle behind the organisation is the effectiveness of
wealth creation in tackling poverty. FATE’s philosophy therefore, is
that by equipping enterprising Nigerians with skills, tools, networks,
these individuals can create successful businesses that will in turn
offer gainful employment to the teaming masses of the unemployed in
Nigeria.
Our Mission
To foster wealth creation by promoting business and entrepreneurial
development among Nigerians.
Our Vision
To foster the establishment and growth of over 1,000 businesses by
2005, and 5,000 businesses by 2015. These businesses will in turn lead
to the creation of employment for at least 50,000 Nigerians by 2015.
Our services
FATE accomplishes its vision through four core programmes:
FATE’s Aspiring Entrepreneurs Programme: A four month training program
conducted by leading business professionals using a practical
curriculum that covers a wide range of business topics and is designed
to address the specific needs of entrepreneurs in the Nigerian market
place. In addition, participants on the programme also benefit from
ancillary services such as Mentoring Programme, Internship Programme,
Consulting Service and access to FATE’s Business Library and cyber
café.
Target participants are aspiring entrepreneurs who are between the
ages of 22 and 40 years and have at least obtained their first
degrees. Provision is however made for individuals who do not match
the above requirements, but have demonstrated that they are poised to
achieve success in business.
FATE’s Programme for Emerging Entrepreneurs: A five month programme
which addresses the specific need of entrepreneurs in the Nigerian
marketplace and provides participants with the practical skills
required to ensure the sustainable growth of their businesses.
FATE Business and Alumni Supports Services: A range of post graduation
services available to FATE alumni to enable them attain
entrepreneurial stability and maturity. These services equip FATE
alumni with skills, tools and networks.
Short Entrepreneurial Courses: These are capacity building half-day
business workshops on specific subjects and industry sector held
bi-monthly for the general public. These services are also provided as
customized training programmes for corporate organisation and groups
on demand.
Our achievements
*
Graduated over 800 entrepreneurs from the FATE Aspiring
Entrepreneurs Programme and the FATE Emerging Entrepreneurs
Programme, and trained over 8,000 persons at the half-day
workshops.
*
At July 2005, an audit of FATE’s impact showed that the Foundation
has assisted 1,806 of its participants to establish and operate
their own business, consequently surpassing its goal of fostering
1,000 businesses by year 2005.
*
Mobilized over 700 private sector professionals who volunteer for
FATE in various capacities as facilitators, mentors and
consultants. Together with these volunteers, the Foundation is
able to execute its training programme excellently.
*
Successfully established a branch in Port Harcourt in year 2002 to
provide the restless youths of the Niger Delta with the dignifying
and sustainable alternative of entrepreneurship as a means of
livelihood.
*
Instituted the FATE Model Entrepreneur Award in year 2001 and FATE
Alumni Model Entrepreneur Award in year 2002 to honour deserving
Nigerian entrepreneurs who have who have traveled and triumphed
over the rough and hostile business landscape of the country in
the pursuit of their entrepreneurial dreams.
Recipients of FME Award are:
1.
Mr. Frank Nneji, Managing Director and Chief Executive Officer,
Rapido Group (FME 2001).
2.
Mr. Abiola Ogunrinde, Managing Director and Chief Executive
Officer, Cosmos Chemicals (FME 2002).
3.
Mr. Kayode Odukoya, Managing Director and Chief Executive
Officer, Bellview Airlines (FME 2003).
4.
Mr. and Mrs. Folu Ayeni, owners of Tantalizers Fast Food Company
(FME 2004)
5.
Mrs. Nike Ogunlesi, Managing Director, Ruff n Tumble. (Current
FME).
Recipients of the FAME Award are:
1.
Mr. Ayo Olalokun, Managing Director and Chief Executive Officer,
Nigercafe (FAME 2002).
2.
Mrs. Abolaji Osime, Managing Director and Chief Executive Officer,
World of Fun as well as several other businesses (FAME 2003).
3.
Mrs. Toyin Olaleye, Managing Director and Chief Executive Officer,
Teeto Foods (FAME 2004 ).
4.
Mrs. Gbonju Awojuyigbe, Managing Director, Wandy Foods limited
(Current FAME).
Till date, FATE has continued to run successfully, bi-annual business
forum, annual business plan competition, and summer internship
programme for students of foreign business schools.
FATE is committed to producing first-class entrepreneurs!