Moses Siloko Siasia
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.
All Credits: PREMIUMTIMES
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