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Nairaland Forum / Nairaland / General / Politics / Youwin Winners To Access Funds Within 72 Days (9383 Views)
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Youwin Winners To Access Funds Within 72 Days by mukina2: 11:19am On Feb 04, 2012 |
Over 500 applications were received from Nigerians in the Diaspora among the 24,000 who applied to participate in the Federal Government youth entrepreneurship programme, YOUWIN. http://dailytimes.com.ng/article/youwin-winners-access-funds-within-72-days#.Ty0EV1CLMns.twitter |
Re: Youwin Winners To Access Funds Within 72 Days by Beaf: 11:26am On Feb 04, 2012 |
Rhino.5dm is gonna faint o! Instead of at least submitting his ideas about catching squirrels or frying akara, he was all over the place calling it a scam (until many NL winners began stepping forward). Poor thing. |
Re: Youwin Winners To Access Funds Within 72 Days by Johnpaul2k2(m): 11:32am On Feb 04, 2012 |
i am among |
Re: Youwin Winners To Access Funds Within 72 Days by nasty45(m): 11:35am On Feb 04, 2012 |
Only 500 applicants?DS THING NA WASH.among 150mil nigerians or 8k members on ds forum,na only 5h apply?*my bad*ABEG MK THEM TELL ME WETIN I NO KNW.F.OOL.ISH GOVT |
Re: Youwin Winners To Access Funds Within 72 Days by Seun(m): 11:40am On Feb 04, 2012 |
My comment on CP-Africa: I applaud this initiative because it’s better than almost anything else that could have been done with the “youth development” money. However, let us not forget that, at best, the success of the ventures funded under this program will be abysmal compared to what an experienced venture capitalist or a group of angel investors would achieve with the same amount of capital. When you put billions of public funds into the hands of academics and bureaucrats and ask them to fund good ideas, it sounds great, but it won’t do anywhere near as much good as you would expect, because the operators have nothing to gain if the ventures succeed and nothing to lose if they fail. Private investors lose their ability to invest when they invest unwisely. If the money is yours, you lose the money, and if it’s for your clients, they lose it and you are fired. This natural selection process weeds out dreamers and wishful thinkers and rewards rational and realistic investors with more capital. In the absence of such accountability, it’s almost impossible for anyone to make wise investment decisions, no matter how sincere. |
Re: Youwin Winners To Access Funds Within 72 Days by Rhino4dm: 11:42am On Feb 04, 2012 |
You are a poor sod! [size=28pt]50 billion naira intiatives and only so-called 500 people will access funds Iya mi oooooooo!!! [/size] Beaf: |
Re: Youwin Winners To Access Funds Within 72 Days by efisher(m): 11:47am On Feb 04, 2012 |
Excellent! |
Re: Youwin Winners To Access Funds Within 72 Days by nasty45(m): 11:49am On Feb 04, 2012 |
Rhino.4dm: Rhino.4dm: Rhino.4dm:my point exactly.no mind dm |
Re: Youwin Winners To Access Funds Within 72 Days by segunjowo(m): 11:50am On Feb 04, 2012 |
Congrats to the eventual winners. However, it surprises me only 6,000 applicants were selected on merit out of 24, 000 who applied? That's 25% of total applicant. I expected to see 50% taken, not less. This is unfortunate and it goes to show this government can never take GOOD care of the youth in this land. SMH |
Re: Youwin Winners To Access Funds Within 72 Days by Rhino4dm: 11:55am On Feb 04, 2012 |
[size=28pt]50 billion/500 = 100 million!!![/size] |
Re: Youwin Winners To Access Funds Within 72 Days by sholatech(m): 11:55am On Feb 04, 2012 |
There is need to fully understand the initiative, its targets, process and expected outcomes. Not only 600 people will get funds. It is in series, with total of 3600 fund beneficiaries over the bext 3 years. Immediately the first 600 receive their funds end of February 2012, the next selection process commences. Aside funding, each serie trains 12,000, making total of 60,000 trained youths on mini-mba skills powered by the EDC of the World Bank. For those that passed through the final stage, the Business Plan Questions template on the website is and international template which I researched to be same as used by Wharton Business School and Stanford for their regular Annual Business Plan Competition that produced several silicon valley companies. YouWin is a BUSINESS PLAN competition, not a loan giver like NDE or capacity-building agency like SMEDAN. The target, as a model for Nigeria, is to create jobs and wealth creation multiplier effect, since beneficiaries will start/grow businesses and employ people. Since its not loans but grants, it is good business the money will circulate fully within the local economy. Even if not utilised effectively by these youths, at least the money will be spent and circulate within the economy. I also learnt that there will be mentorship for the beneficiaries based on their industry and funds will be disbursed based on agreed performance guidelines. It was also clear from the trainings that winners will be given free company registration services and expedited by CAC and any applicable Government concession for them. For me, all these should be applauded if eventually carried out as promised. |
Re: Youwin Winners To Access Funds Within 72 Days by karlmax2: 11:56am On Feb 04, 2012 |
Goood one GEJ! The likes of obj ibb and buhari neva initiated. Stuff like this haters make una die |
Re: Youwin Winners To Access Funds Within 72 Days by fasa2020(m): 12:01pm On Feb 04, 2012 |
nasty45: So NAIRALAND don get 8 milla members Read your books wella LMAO Ohh Ohh Ohh AM AMONG |
Re: Youwin Winners To Access Funds Within 72 Days by fasa2020(m): 12:01pm On Feb 04, 2012 |
nasty45: So NAIRALAND don get 8 milla members Read your books wella LMAO Ohh Ohh Ohh AM AMONG |
Re: Youwin Winners To Access Funds Within 72 Days by Rhino4dm: 12:02pm On Feb 04, 2012 |
@Bolded So, 72 days from today is ending of February 2012 in your calender?? are you using a martian calender Stop making up things to justify this SCAM! sholatech: |
Re: Youwin Winners To Access Funds Within 72 Days by Nobody: 12:06pm On Feb 04, 2012 |
I am among in Jesus Name I dont know where the poster got his facts from 1200 will access the funds 300 best and 150 each from 6 geo political zone. |
Re: Youwin Winners To Access Funds Within 72 Days by Beaf: 12:09pm On Feb 04, 2012 |
Johnpaul2k2: webdezzi: Congrats guys. I wish you all success with your businesses. |
Re: Youwin Winners To Access Funds Within 72 Days by Funkymallam(m): 12:09pm On Feb 04, 2012 |
Rhino.4dm: Are u always like this? did u bother to read d article? I doubt cus where u get ur false alarm frm beats me. When has 500 ppl applying frm d diaspora equl d number of beneficiaries? i knw our education system s bad dats y ppl dnt read instructioms n jump to answer question. Sanu, i fink u need help no wonder beaf have been calling u n u did not disappoint. |
Re: Youwin Winners To Access Funds Within 72 Days by Beaf: 12:10pm On Feb 04, 2012 |
[size=33pt]Fresh Air!!![/size] |
Re: Youwin Winners To Access Funds Within 72 Days by chei: 12:13pm On Feb 04, 2012 |
mukina2: When did this happen? I am among the selected 6000 but I have no idea about the bolded line. |
Re: Youwin Winners To Access Funds Within 72 Days by Rhino4dm: 12:26pm On Feb 04, 2012 |
Take your braying to the next zoo keeper. fooooool. Funkymallam: |
Re: Youwin Winners To Access Funds Within 72 Days by ufumes(m): 12:32pm On Feb 04, 2012 |
When will the names of the successful candidates be released? 1 Like |
Re: Youwin Winners To Access Funds Within 72 Days by Funkymallam(m): 12:34pm On Feb 04, 2012 |
Rhino.4dm: Grow up man, quit spreading falsehood n name calling and answer my question. Where did u get those screaming bolded crap u typed up there? |
Re: Youwin Winners To Access Funds Within 72 Days by psalmizt(m): 12:34pm On Feb 04, 2012 |
I just wonder how some people think on this forum, I am privy to some information, the shortlisting is not being done by the Federal Govt. Neither are they involved in reveiwing the business plans submitted. Trust me a journey of a 1000 miles starts with a step. Although this govt keeps coming up with one gaffe or the other. Having said that, I believe the beneficiaries of this project will be the ones with the final say. |
Re: Youwin Winners To Access Funds Within 72 Days by psalmizt(m): 12:36pm On Feb 04, 2012 |
The total number of successful applicants is gonna be around 1500, and not 500. Currently they are down to 4000 applicants. You 'd be shocked at the quality of submissions by Nigerians, We really do have a future in this country only if the govt sees the citizens as partners in progress |
Re: Youwin Winners To Access Funds Within 72 Days by ceejayluv(m): 12:39pm On Feb 04, 2012 |
NOI said "within 72 hours after announcement of winners" , NOT 72 Days oo, Get ur facts right! |
Re: Youwin Winners To Access Funds Within 72 Days by Beaf: 12:49pm On Feb 04, 2012 |
Funkymallam: Lol! Expecting any coherent replies from that guy is like expecting Satan to heal the sick. |
Re: Youwin Winners To Access Funds Within 72 Days by Rhino4dm: 12:50pm On Feb 04, 2012 |
Am privy to thesame information and my source said the figures is "around" 500 . kai! i no fit shout!!! psalmizt: How about posting the list or STFU?? |
Re: Youwin Winners To Access Funds Within 72 Days by seal777(m): 12:55pm On Feb 04, 2012 |
[b]I will not be quick in criticizing the success or failure of the program even though i did not believe in it hence my reason for not applying. I have critical questions i need to ask: 1. Are the beneficiaries going to invest the money in the same Nigeria where i currently operate as a small scale business man? ( Erratic power supply and multiple taxation regime of the state, federal and local government). What i spend on power yearly is almost the same as the grant they are offering innocent unemployed guys, the government will do well by preventing those waste on individual power generation. I will stop on those two areas cos those are the areas that are of utmost concern to me. It also worthy to note that millions of us who have been in private business for over a decade don't need grant or anything from the government other than the enabling environment ( uninterrupted power most importantly)which in any case we are wiling and ready to pay for. They should do what other sane societies of the world do and stop funding corruption by spreading money around.[/b] |
Re: Youwin Winners To Access Funds Within 72 Days by Beaf: 12:56pm On Feb 04, 2012 |
Rhino.4dm: Anoda "source" again? Ol' boy, sofri na! Rhino.5dm and his lies again! Here's a catalog: He saved Italy from flooding. He is a computer graphics guru. Knows how to drill crude oil. Is an aged ex-soldier. Is a young man. Knows boko haram inside out. . . .But this takes the cookey! Rhino.5dm: https://www.nairaland.com/nigeria/topic-799736.32.html Okon! Akpabio come o! Julius Berger! OPC! Agbum! This early morning, anoda lie again! www.nairaland.com/attachments/180447_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6 |
Re: Youwin Winners To Access Funds Within 72 Days by Rhino4dm: 12:57pm On Feb 04, 2012 |
Shattaaaap!!! I shall keep on exposing your fraud arss. If you like send in your army of chimp monks to attack me. The truth must be told. Onyeshi!!! [size=28pt]YouWin is a SCAM [/size] Beaf: |
Re: Youwin Winners To Access Funds Within 72 Days by ak47mann(m): 1:01pm On Feb 04, 2012 |
Beaf: |
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