FG Reopens YEIDEP Portal: Nigerian Youths Can Now Apply For ₦500,000 Business Grant

The initiative aims to empower young Nigerians through business funding, skill acquisition, and mentorship — fostering self-reliance and tackling unemployment nationwide.

This renewed phase underscores the government’s ongoing commitment to promoting youth entrepreneurship and alleviating poverty through targeted financial empowerment schemes.

Under the programme, successful applicants stand to receive grants ranging from ₦50,000 to ₦500,000 to launch or expand businesses across key sectors.

According to details released by the organisers, eligibility is open to Nigerians aged 18–35 with valid NIN and BVN, and active bank accounts with Lotus Bank, Keystone Bank, or Fidelity Bank.

Applicants must also demonstrate genuine interest in one of the approved sectors — including agriculture, fashion, technology, entertainment, sports, renewable energy, and other high-impact industries.

Beyond financial aid, beneficiaries will gain access to entrepreneurship training, mentorship, and enterprise development services to ensure long-term business sustainability.

All interested youths are advised to register via the official YEIDEP portal and follow the programme’s verified social media pages for authentic information and updates.

The initiative had previously been put on hold following reports of fraudulent activities by impostors attempting to extort money from unsuspecting applicants.

With the portal now reopened, the government has reaffirmed its commitment to transparency, assuring Nigerians that only genuine and qualified participants will benefit from the programme.