With Nigeria’s diminishing economy, a bigger piece of the populace, especially the young people, face monetary difficulty. Luckily, some empowerment schemes have been useful. Here is a rundown of some young empowerment schemes in Nigeria in 2021/2022.
Nigeria has a population of more than 200 million in the year 2021. Around 34 million of this population are youths between the ages of 18 to 29 that need empowerement.
According to one report, starting at 2019, Nigeria’s GDP was about $448.12bn. It is projected to reach $769.28bn. Notwithstanding this, the world bank reports that 7.4% of Nigeria’s populace are living in destitution.
The absence of open positions in the country has caused a huge expansion in the crime percentage. While joblessness isn’t a legitimization for wrongdoing, we can’t overlook that it has made numerous youths that could be empowered resort to unlawful methods of bringing in cash.
To assist with checking the problem of joblessness, the government and well meaning individuals have concocted various plans, ability procurement projects as well as youth empowerment projects to help the youths to stand and provide food for their necessities.
These youth empowerment programs in Nigeria are set up as emotionally supportive networks for youths of the country who need money.
List of youth empowerment programmes in Nigeria
Top popular youth empowerment programmes in Nigeria include:
- Youth Enterprise with Innovation in Nigeria (Youwin)
- Tony Elumelu Foundation Entrepreneurship Program
- Youth Empowering People (YEP)
- Graduate Internship Scheme (GIS)
- African Youth Empowerment Nigeria (AYEN)
- Youth Initiative For Sustainable Agriculture in Nigeria (YISA)
- Presidential Youth Entrepreneurship Support (P-YES)
- Youth Empowerment and Development Initiative (YEDI)
N-Power provides a structure for the acquisition of skills as well as personal and career development, thereby enabling the youths to work and earn.
One of the aims of N-Power is to create an equitable distribution of resources to vulnerable citizens, particularly the youths. Its beneficiaries get job training and a monthly stipend of N30,000.
N-Power has two categories- the graduate category and the non-graduate category.
The N-Power graduate category includes programmes like N-Power Agro, N-Power Teach, N-Power Health and Tax. The non-graduate programmes include N-Power Build and Knowledge.
The N-Power programme was split into these categories to accommodate almost every eligible person for each category. Learn more about N-Power recruitment.
2.Youth Enterprise with Innovation in Nigeria (Youwin)
Just like N-Power, Youwin is a youth development/empowerment scheme geared towards empowering the young Nigerian. The Goodluck Jonathan administration established it.
Youwin provides financial support to businesses or individuals with outstanding business plans. It supports the goals of aspiring entrepreneurs.
Youwin offers its empowerment in the form of grants. However, every beneficiary is expected to have a business plan for a company that has been registered with the Corporate Affairs Commission (CAC). Read up on how to register your business with CAC.
3. Tony Elumelu Foundation Entrepreneurship Program (TEF)
Tony Elumelu is a popular business tycoon with a networth of up to $700 million. He set up its multicycle empowerment scheme as a way to motivate young African entrepreneurs to come up with innovative business ideas. He goes further to offer them grants to bring those business ideas to life.
After submitting business proposals, entrepreneurs who participated and got selected receive a seed fund of $5000 (approximately 2 million naira).
4. Youth Empowering People (YEP)
YEP is a youth empowerment programme that promotes skill acquisition, employment and entrepreneurship. It has made many youths self-employed and self-developed.
This initiative has helped shape young people’s mindset in the country, particularly those in the Niger Delta. It has given youths jobs, thereby reducing the rate of poverty and unemployment.
5. Graduate Internship Scheme (GIS)
As its name denotes, GIS is an internship scheme that targets graduate who are having it difficult with securing a job after graduating from the high institution.
GIS was established in 2012 and is fully funded by the Federal Government of Nigeria. It offers empowerment to about 50,000 Nigerian graduates every year.
There are three major goals of GIS- to empower youths, to build up manpower for Nigeria and to provide young Nigerians with a bright future.
6. African Youth Empowerment Nigeria (AYEN)
AYEN is a youth empowerment programme that enables youths’ development so that they can be a functional part of the society.
African Youth Empowerment Nigeria programmes include workshops, seminars and vocational programs among others.
Asides training, AYEN gives financial and educational support to young people, ensuring that children go to school and are in their classes. They make use of local donors and cooperative organizations.
This means under the TradeMoni scheme; you can get loans without worrying about interest rates (as the programme is not for profit-making).
Also, you don’t need to provide collaterals before you can get a loan. TraderMoni offers money for a business startup to up to 5 million Nigerians.
8. Youth Initiative for Sustainable Agriculture in Nigeria (YISA)
YISA recognises that agriculture is one of the most lucrative business people can engage in and wants to get the youths involved. Thus, the YISA scheme offers encouragement to youths who are venturing into the business of agricultural production.
YISA empowers youths in the field of agriculture by giving them the basic things they need to get started in the agricultural business.
9. Presidential Youth Entrepreneurship Support (P-YES)
The Bank of Industry (BOI) carries out this programme in collaboration with the minister of youth and student affairs. The programme trains youths and awards them loans to start-up small and medium enterprises.
There is an age limit for enrollment into the P-YES programme. Beneficiaries must be between the ages of 18 and 35. You will need to provide a valid means of identification and an official endorsement letter, among other things.
10. Youth Empowerment and Development Initiative (YEDI)
YEDI is a youth empowerment scheme for Nigerians. It was founded in 2011. YEDI is an affiliation of CSI+, which is a consultation service provider.
CSI+ offers consultation services to international and corporate bodies on social investments, and with YEDI incorporated, the program uses sports as an avenue to empower young people. Beneficiaries are sports enthusiasts aged between 10 to 24 years.
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