• 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

YEIDEP Grant Enters Final Stage: Thousands of Nigerian Youths Set to Receive Up to N500,000

Olusola Blessing by Olusola Blessing
July 28, 2025
in Business, News
0
YEIDEP Grant Enters Final Stage: Thousands of Nigerian Youths Set to Receive Up to N500,000
Share

The Youth Economic Intervention and De-Radicalisation Empowerment Programme (YEIDEP) has entered its final phase, bringing renewed hope to thousands of young Nigerians. Designed to empower youth-led businesses and reduce unemployment, YEIDEP will soon disburse grants ranging from N50,000 to N500,000 to selected applicants across the country.

Union Bank has become the first financial institution to complete the collection of account details and begin BVN verification for shortlisted applicants. This step is critical, as only those with matching BVN and account information will receive their grant. Other banks, including Access Bank, Zenith Bank, UBA, and FirstBank, are still processing submissions.

Applicants are advised to ensure their BVN details—especially name and date of birth, match their application and bank records exactly. Discrepancies could delay or forfeit their payment.

Why BVN Checks Matter

The BVN check is central to the verification process, helping to eliminate fraud and ensure that only eligible youth benefit from the programme. A mismatch in BVN information—even a minor one can hold back disbursement.

Final Payment Phase Now Ongoing

YEIDEP officials have confirmed this as the concluding payment phase of the current cycle. Applicants who have submitted correct bank details and passed BVN verification are expected to begin receiving grants within weeks.

To remain eligible, applicants must:

  • Ensure their BVN matches the information on their YEIDEP application
  • Avoid submitting multiple entries

Follow updates only from verified YEIDEP sources

Union Bank has indicated that payments will commence as soon as BVN checks conclude. Other banks will follow suit upon completion of their own verifications. The first batch of recipients could begin receiving credit alerts ranging from N50,000 to N500,000 before the end of the month.

Grant amounts vary based on the business plan submitted. This is a non-repayable grant—not a loan—meant to support startups, micro-businesses, and youth-owned enterprises.

The programme targets:

  • Young Nigerians with small businesses or business ideas
  • Micro, Small, and Medium Enterprises (MSMEs)
  • Applicants with clean BVN records and no duplication
  • Youths residing in any of Nigeria’s 774 local government areas

YEIDEP is a Federal Ministry of Youth Development initiative, backed by the Senate, focused on youth empowerment and poverty

Successful applicants will be connected to a broader support system, including:

  • Free business training
  • Mentorship from experienced entrepreneurs
  • Access to business tools and resources
  • Opportunities for additional government-backed initiatives

Applicants are urged to remain vigilant. YEIDEP does not require any payment to process or release the grant. Any messages requesting money, OTPs, or card details are fraudulent. Only information from the official YEIDEP channels and designated banks should be trusted.

This is the last disbursement for the current YEIDEP cycle. However, the Federal Ministry of Youth Development has hinted at future rounds. Applicants who missed out are encouraged to stay informed through the official YEIDEP portal and be prepared for future opportunities.

YEIDEP continues to stand as one of the country’s most impactful youth-centered empowerment programmes, offering not just funding but long-term business support to transform the future of young Nigerians.

 

Post Views: 40
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…
  • FirstBank: A Triumphant Return to the Nigerian Banking Frontline
    FirstBank: A Triumphant Return to the Nigerian…
  • FBN Holdings delivers stelar performance of 99% growth in FY 2021, declares N166.7 billion Profit Before Tax
    When a Bank Puts SMEs First
  • Adesola Adeduntan
    Adeduntan Sustains His Winning Streak, Pioneers…
  • images (33)
    Union Bank Begins BVN Verification for YEIDEP…
Tags: MSMEsSMEsYEIDEP
Previous Post

SoMe Solutions Launches N20 Million “Unicorn Project” to Empower Nigeria’s Women Entrepreneurs

Next Post

USADF Opens Grant Applications for African Agribusinesses and Cooperatives – Up to $250,000 in Funding Available

Next Post
USADF Opens Grant Applications for African Agribusinesses and Cooperatives

USADF Opens Grant Applications for African Agribusinesses and Cooperatives – Up to $250,000 in Funding Available

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

  • CREDICORP Expands Queen Rider Programme to Ondo, Empowers Women with Credit-Financed Tricycles
  • Step-by-Step Guide on How to Apply for the CREDICORP YouthCred loan — (Between ₦100,000 and ₦150,000)
  • Senator Ndume Distributes 12,000 Bags of Fertiliser to Borno South Farmers to Boost Food Security
  • 2SCALE Spends €65 Million to Empower 221,000 Farmers, 3,621 SMEs in Nigeria’s Agribusiness Sector
  • USADF Opens Grant Applications for African Agribusinesses and Cooperatives – Up to $250,000 in Funding Available

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.