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Posted on the Youth Activities Dashboard – Office of the Special Assistant to the President on Youth Initiatives (Monitoring and Delivery)
In a significant move to bolster youth entrepreneurship, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has commenced the disbursement of a N5 billion grant aimed at supporting student entrepreneurs, starting with the North-West geopolitical zone. This initiative aligns with the Federal Government’s commitment to empowering Nigerian youths and fostering economic growth through entrepreneurship.
Initiative Overview
The N5 billion grant is designed to provide financial support to students with viable business ideas, enabling them to kickstart or expand their entrepreneurial ventures
By focusing on the North-West region initially, the program aims to address regional disparities and promote inclusive economic development.
Application Process
Eligible students are encouraged to apply through SMEDAN’s official channel.
The application process involves submitting a detailed business plan and demonstrating the potential impact of the proposed venture.
Successful applicants will receive grants to support their business activities.
Benefits for Nigerian Youths
Financial Empowerment: Provides students with the capital needed to start or grow their business.
Skill Development: Encourages the acquisition of entrepreneurial skills and practical business experience.
Economic Growth: Stimulates local economies by supporting small businesses and creating job opportunities.
Innovation Promotion: Fosters a culture of innovation and problem-solving among the youth.
Broader Impact
This initiative is part of a larger strategy to harness the potential of Nigerian youths as catalysts for national development.By investing in student entrepreneurs, the government aims to build a resilient economy driven by innovation and self-reliance.
Get Involved
Students interested in applying for the grant can visit [SMEDAN’s official website](https://smedan.gov.ng/) for more information and application guidelines.
“Empowering our youth through entrepreneurship is not just an investment in their future, but in the future of our nation,” says
Dr. Titilope Gbadamosi, Special Assistant to the President on Youth Initiatives (Monitoring and Delivery).
