FG awards N100m grants to 200 younger entrepreneurs

FG awards N100m grants to 200 younger entrepreneurs

The Federal Authorities on Saturday doled out N100 million grants to 200 Nigerian youths chosen from throughout the nation to spice up their potential for financial improvement.

The grants have been disbursed by the Senior Particular Assistant to the President on Technical, Vocational and Entrepreneurship Training, Abiola Arogundade, at an ‘Unlock Coaching’ programme in Abuja.

Arogundade defined that 120 have been freshers whereas the remaining 80 have been these already in enterprise who wanted monetary help to spice up their enterprise.

The presentation was the result of a six-week marketing campaign initiated by the presidency the place youths have been requested to document and submit a minute video on their present abilities, future plans and the way they hope authorities may help them obtain their targets.

Apart from photo voltaic kiosks, the members have been additionally provided Certificates of Completion.

Addressing journalists after the presentation, Arogundade disclosed that the entrepreneurs have been educated on the elements of a great marketing strategy and cash administration amongst others.

She stated, “At the moment, we’re giving out N500,000 grants every to 120 winners with the perfect enterprise plans. We’re additionally giving out honourary awards to 80 individuals seen to be doing very nicely of their Technical, Vocational and Entrepreneurship abilities however want help to upscale their companies.

“I’m right here to guarantee you that the President, Asiwaju Bola Ahmed Tinubu GCFR, is considering you, not simply due to this programme however due to the quite a few initiatives he’s creating throughout the nation to advertise technical and entrepreneurship schooling.”

Equally, in Might 2024, the Minister of Youth Growth, Jamila Bio-Ibrahim, announced plans to start reformation and restructuring of the Nationwide Youth Service Corps Scheme.

The Minister additionally said that over 5,000 corps members could have their entrepreneurial ventures funded with about N10 million and {that a} staff to spearhead the evaluation, restructuring, and reformation would be inaugurated quickly.

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