" ITREALMS: Heritage Bank partners NYPF, offers 1000 Nigerian youths grants


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Sunday, March 27, 2016

Heritage Bank partners NYPF, offers 1000 Nigerian youths grants


Estimated 1000 Nigerian youth will this year benefit from the N500Million Naira Grant seed capital set aside for young entrepreneurs and students under the Youth Empowerment Scheme (YES) Grant Scheme, reports ITRealms.

YES Grant is an initiative of the Nigerian Young Professional Forum (NYPForum) in partnership with Heritage Bank, which took place at the Four Point Hotel in Lagos, is a deliberate attempt to create over 50,000 jobs in the next five years of the programme circle.

Speaking at 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" he said.

Also, speaking 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 .

Nenye Dom/GEE

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