Are you a young Nigerian with a business idea or an existing venture? The Federal Government has reopened applications for the Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) — a golden opportunity for young entrepreneurs to access grants, training, and mentorship. If you’ve been looking for funding to start or grow your business, this is your chance to apply and secure between ₦50,000 and ₦500,000 in financial support.
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What Is the YEIDEP Grant?
The YEIDEP initiative, created by the Federal Ministry of Youth Development (FMYD), is designed to empower Nigerian youths through business funding and skill development. It provides both financial and non-financial support to help young people create jobs, grow small businesses, and reduce youth unemployment.
Participants stand to benefit from:
- One-time business grants between ₦50,000 and ₦500,000.
- Entrepreneurship and financial literacy training.
- Business mentorship and exposure to market opportunities.
Eligibility Requirements
To qualify for the YEIDEP grant, applicants must meet the following conditions:
- Be a Nigerian citizen aged 18 to 35 years.
- Possess a valid National Identification Number (NIN) and Bank Verification Number (BVN).
- Have a business idea or existing venture in sectors like agriculture, ICT, fashion, renewable energy, sports, or entertainment.
- Be ready to undergo the required training and mentorship sessions.
- Open a YEIDEP account with one of the partner banks — Lotus Bank, Keystone Bank, or Fidelity Bank.
Step-by-Step Guide on How to Apply
Follow these simple steps to submit your application successfully:
- Visit the official YEIDEP portal: https://yeidep.org
- Fill out the online registration form with your personal details, NIN, BVN, and business information.
- After submission, you’ll receive a unique applicant code via email or SMS.
- Take your code to any partner bank (Lotus Bank, Keystone Bank, or Fidelity Bank) to open a dedicated YEIDEP account.
- Wait for verification and notification of your training schedule.
- Upon successful completion of training, shortlisted applicants will receive their grants.
Why the YEIDEP Grant Matters
The YEIDEP initiative is more than just a financial program — it’s a movement to equip Nigerian youth with the skills, knowledge, and resources needed to succeed in business.
- The grant reduces startup barriers for young entrepreneurs.
- The training and mentorship ensure you gain the practical experience needed to manage and grow your venture.
- It connects you with youth-driven networks and national development programs that can expand your opportunities.
Important Tips Before You Apply
- Ensure your business idea is realistic, scalable, and aligns with one of the supported sectors.
- Double-check that your NIN and BVN are active and consistent with your identity details.
- Be prepared to attend mandatory training sessions, as they are required for final approval.
- Keep your email and phone number active to receive all communications.
- Beware of scams — the only official portal is https://yeidep.org. Never pay anyone to secure your application.
