APPLY NOW! Nigerian Youth Professional Forum (NYPF) Young Entrepreneurs & Students Grant (YESGrant) Scheme

The Young Entrepreneurs & Students Grant (YESGrant) is targeted at Nigerians between the ages of 18 and 40 and will run in five cycles over five years. The main objectives of the programme are to create jobs through young entrepreneurs and encourage high-impact Research & Development programmes that add value and lasting positive change to the Nigerian economy.

Entrepreneurs will be supported to develop and execute their business ideas leading to accelerated job creation in Nigeria and also encourage the culture of self-reliance. The programme will support both existing and aspiring entrepreneurs through a platform that showcases their business concepts, skills and aspirations, to business leaders, investors and mentors all around the world.

YesGrant will give tuition fee support to University students and also create a support system that finances Science and Technology related projects from final year students and NYSC members. This category of YesGrant will motivate Nigerian students and encourage them to achieve their academic pursuits.

ELIGIBILITY CRITERIA FOR ENTREPRENEURS

The Entrepreneur YESGrant is a grant to your business and NOT A LOAN.

To apply for the grant, the owner of the business applying must be a Nigerian between the ages of 18 and 40 and must be a registered member of the Nigerian Young Professionals Forum (NYPF).

Applicants must have a corporate account with Heritage Bank.

The innovative idea of the entrepreneur must be from one of the following sectors:

  1. Agriculture
  2. Creative Economy (Fashion, Photography, Creative Arts, Music and Film Entertainment)
  3. Information and Communications Technology (ICT)

To access the grant, the business must be registered with the Nigerian Corporate Affairs Commission (CAC).

The entrepreneur must open a corporate account with Heritage Bank Nigeria (the YESGrant Partner) prior to disbursement.

Owner of the business must sign a legal agreement between the beneficiary company and NYPF.

Application Process

  1. Applications for funding by the Nigerian Young Professional Forum (YESGrant) pass through a two-stage application process: Concept Note stage and Evaluation stage.
  2. Award recipients must be registered members of the Nigerian Young Professional Forum (NYPF). As a registered member, you will be assigned a unique identification number with which you will use to log into the application platform.
  3. The Concept Note stage entails completing a form online and a brief summary of the proposed business idea for which grant funding support is being required for. This is the first stage of the Application process.
  4. The Evaluation stage requires shortlisted applicants to be interviewed face to face by a team of specialists.

 

ELIGIBILITY CRITERIA FOR STUDENTS

The Student YESGrant is a grant to students and NYSC members and NOT A LOAN.

To apply for the Student Grant, applicant must be a Nigerian between the ages of 18 and 40 and must be a registered member of the Nigerian Young Professional Forum (NYPF).

Applicants in Nigeria must have an account with Heritage Bank.

The grant application must be for one of the following two categories:

  1. Tuition Scholarship
  2. Final year student/NYSC member Research and Development (R&D) project

The beneficiary must open an account with Heritage Bank (the YESGrant Partner) prior to disbursement.

The recipient of the grant must sign a legal agreement between the beneficiary and the Nigerian Young Professional Forum (NYPF).

Application Process

  1. Award recipients must be registered members of the Nigerian Young Professional Forum (NYPF). As a registered member, you will be assigned a unique identification number with which you will use to log into the application platform.
  2. Applications for funding by the Nigerian Young Professional Forum (YESGrant) will pass through a two-stage application process: Concept Note Stage and Interview Stage.
  3. The Student YESGrant is open to 200 level – 500 level students as well as NYSC members.
  4. Only eligible applicants with Cumulative GPA of 3.5 or greater for Nigerian & UK universities, and 3 or greater for USA and Canadian universities and brilliant project ideas that meet the objectives of the YESGrant will be shortlisted for grant award.
  5. Applicants are to select for the type of grant they are applying for. The Student grant includes: Tuition Scholarship and Research and Development /Final Year Project Grant.

Selection will be through a rigorous, multi-step process. Applicants will be screened in order to identify those with the best talents, needs for support and potentials for positive economic impact to the Nigerian economy.

 

For more information, kindly visit YESGrant website HERE.

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28 comments

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  2. Comment Text*hi, I have tried registering with NYPF but cannot access my code. pls can enlighten me the more and the process of the payment? pls reply me via my mail address or 08030513735.

  3. The Esther for your understanding, pls what should I register as? Because i am not a student but have a registered company pls i need your advice. thanks.

  4. Comment Text*I have registered with NYPF,but my confusion is how and where to pay the fee.l want to be duly eligible for the grant

  5. Hi Esther,I just need more clarity. Is the yes grant empowering scheme only for university students,how about students in polytechnics? and if you are no longer a student and you do not have an already existing business,and you’ve got
    an idea can you apply???. And finally is this scheme about a business idea or an already established business. thank you

  6. Helo admin,am into i.c.t gadget and engineering.pls what does it take to register with nypf.rather what is the cost of the fees?,beside that when will the deboustment of the grant comment?pls reply thanks

  7. Comment Text*Hi Esther, thanks for this concept, I am from Edo state, Nigeria, I want to go into cassava processing for making gari as my end product, how can I be helped since the Office is in Abuja, though I know opening acct with HB could be done every where, thanks

    1. Hi Friday,

      You can register online, you do not need to visit the office in Abuja and opening a bank account with Heritage Bank like you said can be done in Edo state.

      All the best!

  8. Comment Text* hi esther but am not a member of nypf. According to the info i got, they said there is an amount to be paid 10k, i tot to register is free. So tell me whch of d organisation is to be paid 10k, the bank, yesgrant, nypf and how is it possible dat aftr paying the ransome i wil be qualify for the loan. Now the CAC wat is it all about? Tanx

    1. Hi Emmanuella,

      The payment is to be made to Nigerian Young Professionals Forum (NYPF) to become a member.

      For being qualified for the grant after payment, you just have to stay positive after you have applied.

      If you are applying as an entrepreneur, you need to register your company/business with the Corporate Affairs Commission (CAC) as one of the requirements for YESGrant application but if you are applying for a student grant, then you don’t need it.

      I hope this helps…

      All the best!

  9. Comment Text* hi Esther am keenly interested in yesgrant on ict training. I base in lagos, a prospective corp member 2016 batch A. I want to register into NYPF, and wen is the closing date? b’cos i ave not started serving and where can i locate them here in lagos. Tanx

  10. Hi Esther am a teacher,on ICT developement trainings 4 d young Nigreian ,also a student of Noun,studying Communication Technology. Am quite interest but not registered wt CAC yet,hv no a/c wt Heritage bank yet but would like to open one a/c & also register.pls can u guide me further on hw to get dis done,here is my Email.bijfestus@gmail.com. It my pleasure meeting.Festus,I.Blessing.Thanks.

    1. Hello Festus,

      It is a very good idea!

      One of the requirements is that you have to register your company with CAC, otherwise, your application will not be considered. Everything you need to know about the programme is included in the post with links that will direct you to main website.

      All the best!

      Kindly visit this website to learn more about registering a company in Nigeria – http://new.cac.gov.ng/home/

  11. Hi Esther,this is Eunice from Abuja.I saw advert on this Yesgrant and i decided to check and know what it’s all about.Am into video editing,online marketing precisely facebook and i will also like to join the group.I will check the link and apply for membership too so that i can get a better communication with the team members.Thanks a lots.eunicealuaga@gmail.com,that’s my email.

    1. Hello Eunice,

      This is a great opportunity to expand your business as an entrepreneur. You also have to register with CAC if you haven’t done that already, and also open an account with Heritage Bank, if you are going to apply as an entrepreneur.

      All the requirements are listed in the post and how to proceed.

      Kindly share!!!

      All the best Eunice!

  12. I am a student and i am interested in yesgrant.I want to talk about the impact of internet or media to teacher education

  13. Comment Text*pls I have been looking for where I can click to apply but I can’t get it. pls, enlighten me.

  14. thanks Esther for the information but for the sake of registration with NYPF, how do i register wit them…… seeing there is no link?…. pls i need a reply.