The Federal Government of Nigeria has reopened its Youth Enterprise Investment Development Empowerment Programme (YEIDEP) to support young entrepreneurs with financial grants ranging from N50,000 to N500,000. This initiative targets youth-led businesses across Nigeria, aiming to ease the burden of starting or scaling micro and small enterprises.
If you’re yet to apply, time is running out—registration will officially close on 31st May 2025, leaving just a few days to submit your application.
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Key Dates to Remember:
- Registration Deadline: 31st May 2025
- Bank Account Collation: 1st – 10th June 2025
- Disbursement Period: 1st – 31st July 2025
Those who have successfully registered will have their account details collated in June, followed by disbursement throughout the month of July.
To apply for the YEIDEP Grant, visit the official portal:
https://yeidep.org
Who is Eligible for the YEIDEP Grant?
This opportunity is open to Nigerian youths with viable business ideas or existing small businesses. Applicants must:
- Be aged between 18–45
- Possess a valid National Identity Number (NIN)
- Own a personal or business bank account
- Not have benefited from similar FG grants in the past
Why You Should Apply
This grant is non-repayable, meaning beneficiaries are not expected to pay back the funds. Whether you run a POS business, fashion store, mini-mart, or offer digital services, this fund can help you cover startup costs or expand operations.
How to Apply:
- Visit the official website: https://yeidep.org
- Click on “Apply Now”
- Fill out the online form with accurate business and personal details
- Submit and await confirmation via email or SMS
Frequently Asked Questions (FAQs)
Q1: What is the YEIDEP Grant about?
A: It’s a federal government initiative aimed at empowering Nigerian youth by providing financial support to grow or start small businesses.
Q2: Is YEIDEP a loan or a grant?
A: It is a grant, not a loan. Beneficiaries are not expected to repay the funds.
Q3: Who can apply for the YEIDEP Grant?
A: Any Nigerian youth aged 18–45 with a viable business idea or existing enterprise.
Q4: What is the last date to register?
A: Registration closes on 31st May 2025. There will be no extension.
Q5: When will I receive the grant after applying?
A: Account numbers will be collated from 1st to 10th June 2025, and the funds will be disbursed between 1st and 31st July 2025.
Q6: How do I know if I’m selected?
A: Selected applicants will be notified via email and SMS. It’s advisable to check the YEIDEP portal regularly for updates.
Q7: Can I submit multiple applications with different accounts?
A: No. Multiple submissions may lead to disqualification. Apply only once with valid information.
Conclusion
The YEIDEP Grant is a golden opportunity for aspiring and existing entrepreneurs across Nigeria. If you haven’t applied yet, now is the time. Ensure your information is accurate and complete before submission to avoid disqualification.
Apply now via: https://yeidep.org
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