In a significant move to bolster youth entrepreneurship, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has commenced the disbursement of a ₦5 billion grant aimed at supporting student entrepreneurs, starting with the North-West geopolitical zone. This initiative aligns with the Federal Government’s commitment to empowering Nigerian youths and fostering economic growth through entrepreneurship. 🎯 Initiative Overview The ₦5 billion grant is designed to provide financial support to students with viable business ideas, enabling them to kickstart or expand their entrepreneurial ventures By focusing on the North-West region initially, the program aims to address regional disparities and promote inclusive economic development. 🛠 Application Process Eligible students are encouraged to apply through SMEDAN’s official channel. – The application process involves submitting a detailed business plan and demonstrating the potential impact of the proposed venture. -Successful applicants will receive grants to support their business activities. Benefits for Nigerian Youths – Financial Empowerment: Provides students with the capital needed to start or grow their business. – Skill Development: Encourages the acquisition of entrepreneurial skills and practical business experience. – Economic Growth: Stimulates local economies by supporting small businesses and creating job opportunities. – Innovation Promotion: Fosters a culture of innovation and problem-solving among the youth. https://amarscity.com/cp/pages/Newsline https://yid.fmyd.gov.ng/empowering-the-future-smedan-launches-%E2%82%A65-billion-grant-for-student-entrepreneurs-in-nigeria/