1000 Young Nigerians to receive grants from N500 Million Fund for Start Ups from YESGrant Scheme launch

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Over 1000 Nigerians will this year be beneficiaries
of N500 Million Naira Grant seed capital set aside
for young Nigerian entrepreneurs and students.
This was disclosed 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, 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 2 million Naira
annually as grant.

The YESGrant will also 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 3,000 pounds and those studying
in the United States will receive up to 5,000 dollars
annually as grant.
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 award recipients must in addition provide
their matriculation number and academic
progression report.
http://www.nypforum.com

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