The Bank of Industry (BoI), First Bank Nigeria and Afterschool Graduate Development Centre (AGDC) have inaugurated a N500 million Youth Ignite programme towards creating five million jobs within five years.

 

About The AGDC Youth Ignite program

Mrs Funmi Adeyemi, Executive Director, AGDC, said at the occasion on Wednesday in Lagos that human resources were the biggest assets of Nigeria, while youth development was the stimulus required to drive its economic growth.

According to her, the Youth Ignite programme seeks to create new jobs, facilitate finance, capacity development and advisory services for micro entrepreneurs.

She said that the scheme was anchored on supporting one million entrepreneurs to create five million jobs, over the next five years.
 
Entrepreneurs upon meeting the required criteria and judges review would have access to a “loan” value as required by their businesses capped at N200,000.00 (Two Hundred Thousand Naira) to start or grow their businesses. Successful businesses that are able to prove their concept (through the amount of jobs created, revenue generated, etc.) are then able to access the “scale up loan” up to the tune of Five Hundred Thousand Naira (N500,000.00)

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BOI And It’s Role In Youth Entrepreneurship

Speaking at the launch which took place on Wednesday at the Marina office of BoI, the acting Managing Director, BoI, Mr. Waheed Olagunju, explained that the collaboration would propel the selected youths to greater accomplishments and empower them to become employers of labour.
 
Olagunju pointed out that ‎Nigerian youths are imaginative and highly talented, maintaining that the Development Finance Institution (DFI) would continue to support, build capacity and train youths while also making available single digit and highly concessional financing‎ to support youths in Nigeria.

“We have two bottom lines mainly which include financial viability and developmental impact and among developmental impact are job creation, import substitution and export generation which means we finance projects that can earn foreign exchange for Nigeria.

“We are coming together to help the Nigerian youth leveraging our experience; we have been in this environment for more than 58 years, First Bank 123 years and AGDC almost a decade old,” Olagunju said.

 

Ibukun Awosika And Her Vision For AGDC

In her remarks, the Founder of, AGDC and Chairman of the Board of FBN, Mrs. Ibukun Awosika, noted that the initiative was providing the kind of environment young entrepreneurs needed to thrive, an advantage which the older generation did not have.

“We need to think of growing businesses in the future, so our commitment to this initiative is first to support nation building, support transforming lives that is so critical to our nation; help build new generation of businesses that will be our customers in the future.

“Until we have what is an all-inclusive development such that we are converting the mind and the strength of the large part of our population into value we cannot have real growth and this is what projects like ‎this will do,” she said.

The Executive Director, AGDC, Mrs. Funmi Adeyemi, said Nigeria has a rich human capital resource that can used as an advantage to drive economic growth, but stressed that a lot of youths have great ideas but no resources to drive their dreams and aspirations.

 

Empowering one million Nigerian Youths To Create Five Million Jobs Through The Youth Ignite Program

“Our long term goal is to empower one million youths who will create five million jobs in five years, if we all do our part, we will find that the cumulative effect of our contribution will change our country and move forward us towards our desire,” she said.

She added that the Youth Ignite challenge was anchored on three pillars: Innovate, Transform and Lead.

 

How To Apply To The AGDC Youth Ignite Program

Interested Nigerian youths should log on to www.youthignite.ng or just go straight tohttp://www.youthignite.ng/apply.php and create your account by filling in the relevant details.

Microenterprises will be provided training, single-digit interest loans and ongoing support during the course of five years.

Entrepreneurs are required to do the either of following: Consider ways people conduct businesses in their state or community and devise a more effective way to achieve better results; or Develop a solution to a problem(s) in their community or area of influence; or Seek to command [more] business value from a skill they already possess or trade they are involved in.

 

Submission Of Entries

Entries must be submitted online within the specified timeframe and conform to specified guidelines and terms and conditions of participation clearly outlined on this website.

All entries will be reviewed by the Panel of Judges who consists of carefully selected accomplished professionals from all walks of life.


SOURCE: http://www.barbaric.com.ng/boi-collaborates-with-first-bank-and-agdc-on-n500-million-youth-ignite-program

Bla bla bla...they gather to speak all d grammar wit no impact. Na today we don de hear programs for dis n dat?

Next news pls....

Nobody de even ask of buhari sef. Nigerians una no jst care @ all oo

dats a gud one

I hope no be just N500m on paper and will be accessible when the need arises

well if the terms and conditions is palatable.then its a good idea

Great initiative

I hope it is not Bobo juice.

okay, good step in the right direction. we need more of this rather than keeping the dollars in soak away pit.

save us the story,

How do I apply for the money

--modified--
I don see the link, I commented my reserve before reading

Nigeria Problem again I have tried two email same problem

"This user account already exist."

--UPDATE--
Their twitter Account : @youthigniteng had being suspended
The Facebook Page[b] "Sorry, this content isn't available right now"[/b]

Hope We are not in for a Federal SCAM

The op first to comment said it all, after they will give heaven and earth terms and condition that 90% of the you cannot afford.

Bobo juice. Tried this last year when I was invited for the final stage of the program. When it got to distribution of the funds they started bringing rules that non of the participants was able to meet. All of us left angrily.

U must provide am open cheque dully signed to the tune of the amount to be given to you.

U must bring three surety.

Same story

You go fear rules that will come up, they might say you need the President's signature to access the fund...
Wey money for flight to london

Loan of 200,000 after 62hours of grilling.

What type of business is someone going to do with N200,000 in Nigeria?

They carry an iphone worth over N500, 000, but they're inaugurating a scheme to empower youths with N200, 000 for a business!!.

Tried applying but i couldnt. Response has been wrong user name or password.

Did a search on their twitter account and got this;

musicwriter:
What type of business is someone going to do with N200,000 in Nigeria?

That amount isn't enough to even start Okada business.

Hopeit works

AfroSamurai:
That amount isn't enough to even start Okada business.

BOI could be a scam on its own.

musicwriter:


BOI could be a scam on its own.

Anything is possible in Nigeria these days.

Same shit every year with stupid conditions.

austano1234:
Tried applying but i couldnt. Response has been wrong user name or password.

same, twas telling me user account already exists. Then make I kuku sign in, twas saying account does not exist

Website registration not working

https://www.youtube.com/watch?v=L-vL9ROZZ08&feature=youtu.be

GoodMuyis:
save us the story,

How do I apply for the money

--modified--
I don see the link, I commented my reserve before reading

Nigeria Problem again I have tried two email same problem

"This user account already exist."

--UPDATE--
Their twitter Account : @youthigniteng had being suspended
The Facebook Page[b] "Sorry, this content isn't available right now"[/b]

Hope We are not in for a Federal SCAM

Same here
I have tried like 5 e-mail address " This user account already exist". I opened fresh yahoo account still the same.

Only 3 phones with olagunju is Ok for me
Rest should apply for 200k.

conquerour:

Same here
I have tried like 5 e-mail address " This user account already exist". I opened fresh yahoo account still the same.

I have successfully registered and was able to login into the platform. Although it was down for a while but I tried again and it went through.

gElite:



I have successfully registered and was able to login into the platform. Although it was down for a while but I tried again and it went through.

Ok thanks