Over 4.6 million young entrepreneurs in Nigeria can now look forward to a fresh wave of funding, as the Federal Government prepares to launch a new grant scheme by July 2025.
The initiative will offer non-repayable grants ranging from ₦50,000 to ₦500,000 to support youth-led businesses across key sectors such as agriculture, ICT, fashion, retail, and skilled trades.
Spearheaded by the Ministry of Youth Development in partnership with Youths Off The Street Initiative (YOTSI), the program aims to empower startups, expand existing businesses, and drive job creation at the grassroots.
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Priority will be given to viable, socially impactful business ideas that show potential for growth and sustainability.
If you’re a young entrepreneur with a solid idea or existing venture, this could be your chance to scale up without worrying about loan repayments.
Details on how to apply will be announced soon. Stay tuned to Small Business Insights for updates.
