Over 1,500 applicants for the Central Bank of Nigeria (CBN) in the N3billion Youth Innovative Entrepreneurship Development Programme (YIEDP) which is being organised in partnership with Heritage Bank, have been invited for a three- day business development workshop.

With the inauguration of the initiative aimed at empowering young graduates, over 4,000 graduates had applied. Of these, 1,547 candidates, representing the first batch of possible beneficiaries of soft loans for their business ideas have been shortlisted for the workshop, which would be conducted across CBN Enterprise Development Centers in the six geopolitical zones of the country.

A statement issued by Heritage Bank and signed by its divisional head ,Corporate Communications, Olusola Longe-Okenimkpe, stated that the shortlisted candidates would be contacted via SMS and email on the details and modalities of the CBN-EDC training.

After the training workshop which is to herald the third phase of the programme, each participant would be required to write a comprehensive and viable business plan, submit on the application portal for the business review committee to screen, review and select the eligible and viable business for YIEDP funding.

Managing director of the bank, Mr Ife Sekibo, commenting on the development restated that the aim of Heritage Bank being in the forefront of youth empowerment was to emancipate the latent entrepreneurial spirit in the teeming youths by providing adequate and affordable loans to execute their business ideas and, hopefully, migrate them to successful small and medium enterprises (SMEs), thereby, providing the mechanism of stimulating growth, reducing unemployment as well as addressing youth restiveness in the economy.

Sekibo added that “the bank’s passionate interest in the programme also arises from the fact that the initiative aligns very much with the vision of the bank, which is to help partners create, preserve and transfer wealth across generations.”

To be eligible for the YIEDP funding, youths must be within the age bracket of 18 and 35 year old, serving National Youth Corps members or non-NYSC members with not more than five years post-service.

The apex bank had selected Heritage Bank as its pilot partner bank to unveil, administer and manage the laudable project, which would focus on dependable job-creating sectors, such as agricultural value chain (fish farming, poultry, snail farming), cottage industry, mining and solid minerals, creative industry (tourism, arts and crafts), and Information.

http://www.financialwatchngr.com/2016/06/16/1500-applicants-shortlisted-cbns-yiedp-funds/

First BoI YES-P, then N-Power, and now this and many more to come....... and someone will say Kemi Adeosun is not the big deal. The coming days will be bad days for wailers and Naija haters.

This is great

Please employ all of them o , put wailers to shame

This what I seriously want... . Giving grants to graduates will reduce the demand for pay job and they will also create jobs for the less educated

Imagine if we give loans like this to 100,000 graduates every year... imagine the ripple effects it will have on the economy and the employment sector

That's what real economics is all about

Good

Nigeria is moving forward...

There is always NO reason to be hypersensitive here, be you for GEJ or for Bubu: Nigeria is better for it with continuity in government programme under a different management who gave themselves a different name.
Be that as it may, all Nigerians are not businessmen and can never be, nor can ever be expected to think like one. So all you business folks who understand what collateral had ''taken our eye see'' please forgive the white collar job addict who cherishes his certificate.
To all others:
I introduce to you NATIONAL ASSOCIATION OF SMALL SCALE INDUSTRIALIST (NASSI) - OGUN STATE.
NASSI Ogun Value-Chain Department will:
a). Create business opportunities for you.
b). Provide funding/infrastructure avenues for you
c). Provide enabling environment/registrations for you, and
d). Facilitate customers for the consumption of your product/services
Your duty is good idea, availability in team and committment to profit.
NASSI REGISTRATION IS FREE.
Contact the Value-Chain Coordinator:08033029834
Whatsapp:07055115343