• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Nõrrenberger Launches N500 Million Fund to Empower Young Entrepreneurs and Corps Members

Blessing Joseph by Blessing Joseph
October 16, 2023
in Africa, Business, News
0
Nõrrenberger Launches N500 Million Fund to Empower Young Entrepreneurs and Corps Members
Share

Leading financial services group, Nõrrenberger, has introduced the Nõrrenberger Entrepreneurship Fund (NEF), a dedicated N500 million initiative to support aspiring entrepreneurs, particularly young individuals and Youth Corps Members, in turning their business dreams into reality.

Speaking at the launch event, Mr. Tony Ede, Group Managing Director of Nõrrenberger, outlined the program’s ambitious goals. NEF aims to impact 5,000 Corps Members in the current year and has a larger vision to create 10 million job opportunities for Nigerian youths within the next five years.

Ede clarified that NEF is not a loan, but rather a grant designed to fund innovative concepts, technologies, or products for startups with groundbreaking ideas. The selection process will be rigorous, and the chosen winners will receive substantial support.

The top three winners of the NEF grant will be awarded N7.5 million, N5.5 million, and N3.5 million respectively. To be eligible, applicants must be current National Youth Service Corps (NYSC) members, express interest by applying through Nõrrenberger’s official portal, and possess entrepreneurial ideas.

Beyond financial backing, successful candidates will also receive valuable knowledge and skills to assist them in realizing their business visions.

Mr. Ibrahim Aliyu Bala, Chairman of the Board of Directors of Nõrrenberger, emphasized the significance of entrepreneurship in driving progress and economic growth. He highlighted that the NEF launch is not only about providing capital, but also about investing in human potential, fostering innovative ideas, and creating an environment where entrepreneurship thrives.

The event drew key figures in the entrepreneurial landscape, including Ms. Chioma Ome, Country Director of Solar Sister, Dr. Olawale Anifowose, Director of Programs at Enterprise Development Centre, Dr. Vanessa Phala, Director at the International Labour Organisation (ILO), Mr. Alu Oryiman, Principal Enterprise Officer at SMEDAN, and Dr. Tijani Oladipupo, Head of Business Advisory at Nõrrenberger. They collectively celebrated the potential of the NEF to catalyze positive change in the entrepreneurial ecosystem.

Post Views: 9
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • 15+ Bank Initiatives, Programs and Products for Nigerian Entrepreneurs
    15+ Bank Initiatives, Programs and Products for…
  • Call for Applications: 2022 Tony Elumelu Foundation Entrepreneurship Programme
    Tony Elumelu Foundation funds 5000 African SMEs from…
  • Norrenberger Introduces 'Turbo Fund' for Diverse and Stable Investments in Nigeria
    Norrenberger Introduces 'Turbo Fund' for Diverse and…
  • Nigerian Government Agencies that Support Entrepreneurship
    Nigerian Government Agencies that Support…
Tags: Corps MembersEntrepreneursMSME AfricaMSME News in Nigeria todayNõrrenbergerNõrrenberger Entrepreneurship Fund (NEF)SMESMEsYoung Entrepreneurs
Previous Post

Call For Applications: I4G HACKFest ,FCMB Hackathon 2023

Next Post

NASME Launches N2 Billion Empowerment Fund for MSMEs

Next Post
NASME Launches N2 Billion Empowerment Fund for MSMEs

NASME Launches N2 Billion Empowerment Fund for MSMEs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Call For Applications: AfaRise Fellowship Program 2025–2027(€200 Stipends)
  • US Enforces Stricter Visa Rules for Nigerians, Limits Non-Immigrant Visas Validity to Three Months
  • Call For Applications: Green Youth Upskilling Program (GYUP) by Oando Foundation
  • 5 Top Nigerian Government Agencies Offering Grants for MSMEs in 2025 (and How to Apply)
  • Public Notice – Call For Expressions of Interest (EOI) to Serve as Accelerator Programs under the LASMECO MSME Finance Scheme

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.