1000 Young Nigerians will soon receive approximately 500 million naira grant, this is to ensure effective startups and sustanance of SMEs in Nigeria.
The N500Million Naira seed Grant capital set aside for young Nigerian entrepreneurs and students will without doubts/error be used for its exact purpose, in ensuring transparency of the highest order.
This was disclosed this during the launch of the YESGrant Scheme by the Nigerian Young Professionals Forum (NYPF) in partnership with Heritage Bank, which took place recently at the Four Point Hotel in Lagos, Nigeria.
The loudly publicized event, which was massively and well attended by special guest, including representatives from the Nigerian University Commission (NUC), National Youth Service Corps (NYSC), as well as captains and majors of industries and leading government functionaries is part of the fundamental 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.
The Chairman of the Nigerian Young Professionals Forum (NYPF) who was earlier pictured to be speaking durng the launch, Moses Siloko Siasia, said he was generally motivated by the gigantic impact small and medium scale businesses or enterprises can have on the economy and that was the chief/principal reason why the grant was designed to provide incubator support to enable young entrepreneurial postulants with creative and innovative 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 notably represented by the Head of Marketing Strategy Mr Obioma Emenike said he was extensively 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.
These supposed YESGrant will create an avenue for 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 series of business professional network and subsequently upgrade their vision and clarity, however, entrepreneurs will receive up to 2million Naira yearly as 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.
According to close source, The YESGrant is to assist Nigerian students with depleting financial need pursue their academic dreams and aspiration in the areas of research and technological/scientific innovation and it will also aid low income and demerits students with their tuition of which over 500 students will gain from this year’s grant .
Do you want To Apply For The YESGRant in Nigeria
In order to apply for the YESGrant, the grant is available at www.YESGrant.com. Future 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, this must be before the disbursement of the funds in August 2016. For students recipients , they must in addition provide their matriculation number and academic progression report.
NOTE CLEARLY : The clossing date is 15th June, 2016.