Over 1000 Nigerians will this year be beneficiaries of N500Million Naira
Grant seed capital set aside for young Nigerian entrepreneurs and
students. This was disclosed today during the launch of the YESGrant
Scheme by the Nigerian Young Professionals Forum in partnership with
Heritage Bank, which took place 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 as 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, 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.
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.
To apply for the YESGrant available at
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.
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