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 this week during the launch of the YESGrant Scheme by the Nigerian Young
Professionals Forum (NYPF) 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 of the Nigerian Young
Professionals Forum (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.
The YESGrant is to 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 3,000pounds 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.