FG Set to Launch YEIDEP Grant in July: Youths to Receive Up to ₦500,000 for Business Empowerment"
The Federal Government of Nigeria (FG) is set to launch the Youth Entrepreneurship and Investment Development Empowerment Programme (YEIDEP) in July, aimed at empowering young Nigerians with grants of up to ₦500,000.
Key Highlights:
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Target Beneficiaries: Nigerian youth entrepreneurs and aspiring business owners.
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Grant Amount: Each beneficiary can receive up to ₦500,000.
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Launch Date: Expected to commence in July 2025.
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Purpose: To promote youth entrepreneurship, reduce unemployment, and support micro, small, and medium enterprises (MSMEs).
Likely Requirements (based on similar schemes):
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Must be a Nigerian youth (typically between 18–35 years).
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Valid national identification (e.g., NIN, BVN).
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A bankable business idea or an existing small business.
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Possibly, completion of an entrepreneurship training program or registration on a dedicated portal.
Would you like help drafting a business plan to apply for this grant or to stay updated on when the application portal opens?
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