1000 Nigerian Youths To Receive N500 Million Grant For Startup


Over 1000 Nigerians will be beneficiaries of N500Million Naira Grant seed capital set aside for young Nigerian entrepreneurs and students in 2016.

This was disclosed this during the launch of the YESGrant Scheme by the Nigerian Young Professionals Forum (NYPF) with Heritage Bank, which took place recently at the Four Point Hotel in Lagos, Nigeria.

The event, which was very well attended by dignitaries, including representatives from the Nigerian University Commission (NUC), National Youth Service Corps (NYSC), as well as captains of industries and top government functionaries is part of efforts to grow more indigenous entrepreneurs among young Nigerians and deliberately create over 50,000 jobs in the next 5 years of the program circle.

Speaking during the launch, Chairman of the Nigerian Young Professionals Forum (NYPF), Moses Siloko Siasia, said he was inspired by the big impact small businesses can have on the economy and that was why the grant was created to provide incubator support to enable young entrepreneurial postulants with creative ideas in Agriculture, ICT and creative economy start or expand their business concepts in those areas.

“I have built businesses from the scratch and I understand the challenges people face and that is why I am optimistic that if given the necessary support, young Nigerians will not only grow the Nigerian economy, they will completely revolutionize it”.

Speaking also, the Managing Director of Heritage Bank, who was represented by the Head of Marketing Strategy Mr Obioma Emenike said he was optimistic that the initiative would lead to start ups and give a boost to economic growth and issued a call out to entrepreneurs to use their network to encourage their friends and colleagues apply for it.

The YESGrant will provide business training for up to 600 aspiring young entrepreneurs spread across all geo-political zones in Nigeria and will encourage expansion, specialization and spin-offs of existing businesses, which is to enable young entrepreneurs access a wide business professional network and improve their visibility, while entrepreneurs will receive up to 2million Naira annually as grant.

The YESGrant is to enable Nigerian students with extreme financial need pursue their academic dreams and aspiration in the areas of research and technological/scientific innovation and it will also help low income and disadvantage students with their tuition of which over 500 students will benefit from this year’s grant .

Furthermore, Students studying in Nigeria will receive up to 500,000 (Five Hundred Thousand Naira) while those studying in the United Kingdom will receive up to 3,000pounds and those studying in the United States will receive up to 5,000dollars annually as grant.


How To Apply For YESGRant in Nigeria

To apply for the YESGrant available at http://www.yesgrant.com/ prospective recipients must be between the ages of 18- 40, be registered members of the Nigerian Young Professionals Forum (NYPF) and have an account with Heritage Bank prior to the disbursement of the funds in August 2016. Student’s award recipients must in addition provide their matriculation number and academic progression report.

NB : Application closes 15th June, 2016.

http://study4free.com.ng/1000-nigerian-youth-to-receive-n500-million-naira-grant-for-startup/

ftc


Modified....

The guy below below me should be careful before I send my dog to him..

Mods take down this guy above me and slot me in. BTW I hope the grant won't be shared among the children of "don't u know his father"?

Ok na...no problem oooo

K

How do they want to employ unemployed graduates still they're mearnt to pay some money...I think this should rather be termed as fraud instead of grants or whatever name it's called

Nice, but with the way some youths reason nowadays, i only hope they would put the money to good use.

F

Gud, this was my closest opportunity to ftc. I read the first paragraph before discovering that i should comment, and here i am....

What is the hidden charges ohh??
Opt to be a nice one but am afraid in naija things don't just go that way...

Second time on FP in two weeks......okay, guess the hustle is real.

nice one

NYPF is a scam. I know these guys well

What are the criteria, im i supose to just open an account with the bank and register with their agency.... and get a loan? can someone explain better please.

[size=15pt]Na only Mumu no go knw say na loan.

You'll payback with over 20% interest. Scam[/size]

That's why I like Eminem songs

Nice initiative.

Finally we are moving ahead

deedat205:
Finally we are moving ahead

U don collect ur own?

deedat205:
Finally we are moving ahead

I no pity you..

moses siloko siasia..thumb up

I just like this dude, still angry bayelsans didn't voted for him to b gov of d state

Nice initiative.

SCAM!!! As in, big SCAM!!!! Loan that requires me to pay 20k to be member of 1 yeye body

Nice one!

this guys are thieves in disguise, what is the meaning of this, paying 10k and 20k for what? I said it this government is good at take and promise to give.Naija we hail thee!!!

Uncle plz tell us anoda story

why people are calling this scam

anyway..those the grant only meant for student? or individual can also benefit

How me fit take collect? 100 don do me

They want to copy YOUWIN.......lol

Allow a dullard to copy from a genius, that dullard would still fail.........fact.

.

in this harsh economic environment? don't be surprised when some beneficiary cannot repay the loan because theory in Biz plan is different from reality.quote me!