NYPF Set To Launch N.5BN Grant For Entrepreneurs And Students.

As part of efforts to grow more indigenous entrepreneurs, encourage the

culture of self-reliance and deepen the Nigeria economy, the Nigerian

Young Professionals Forum (NYPF) in partnership with Heritage Bank and its

development partners is set to launch a N500 million special seed fund

(YESGrant) for young Nigerians on Tuesday 22nd March 2016.

According to the Director of Communications Miss. Owomilere Obe, the scheme was borne out of the need to address the enormous challenges young

people go through in their quest towards achieving set goals in their

small scale businesses and in their academic pursuits. 

 She noted that the grant will enable young entrepreneurial postulants with creative ideas in Agriculture, ICT and creative industry start or expand their business

concepts and provide over 500 Nigerian students schooling locally or

abroad with tuition to pursue their academic dreams and aspiration in the areas of research and technological/scientific innovation.

“The main objective of the NYPF (YESGrant) Programme is to deepen the

Nigerian economy by deliberately encouraging and supporting aspiring

entrepreneurs in Nigeria to develop and execute business ideas that will

lead to massive job creation and also paying tuition for indigent students

so that they can be relevant to the society by having relevant skills that

employer’s needs. Jobs are a foundation of economic and social

development, improving living standards, productivity and social cohesion.

Jobs are responsible for moving people out of poverty”. She said.

Owomilere, therefore encouraged all to apply through the grants online

application system that will be available at www.yesgrant.com and provide

all supporting documentation on or before June 2016 to be eligible for the

first year disbursement to award recipients in August 2016.

To qualify for YESGrant, prospective recipients must be between the ages

of 18- 40, be registered members of the Nigerian Young Professionals Forum

(NYPF), and be registered with the Corporate Affairs Commission (CAC)

using their registered companies and have an account with Heritage Bank

prior to disbursement of fund. Student’s award recipients must In addition

provide their matriculation number and academic progression report.

The Nigerian Young Professionals Forum, a non-governmental organisation that has been

in the forefront lead of building the next generation of business

frontiers through intervention programmes for young Nigerians. In 2015,

over 1000 carefully selected entrepreneurs made up of young business

owners residing in Nigeria and in the Diaspora met at the International

Conference Centre in Abuja for the debut of the Young Nigerians CEO’s

Conference and Exhibition 2015 organized by the NYPF. The conference with

the theme, “Promoting Entrepreneurship and Innovation in Building Economic

Leaders for Tomorrow” afforded young entrepreneurs in Nigeria the

opportunity to exchange ideas with their peers from other parts of the

world and also served as a platform for the young business owners to

discuss challenges they encounter in their operations and its impact on

the Nigerian economy.

Owomilere Obe

Director of Communications - NYPF

Watch out for the post next week.