Nigerian government to begin payment of ₦500,000 YEIDEP grant in July

Hope is rising for young Nigerian entrepreneurs as the Federal Government has slated July 2025 for the disbursement of the Youth Empowerment and Innovation Development Programme (YEIDEP) grant.

The scheme offers between ₦50,000 and ₦500,000 to support youth-led businesses across the country.

With over 4.6 million applicants already onboard, scheme is set to drive economic inclusion by funding promising business ideas completely interest-free and non-repayable.

Spearheaded by the Federal Ministry of Youth Development in partnership with the Youths Off The Street Initiative (YOTSI), the grant targets budding entrepreneurs in sectors like agriculture, ICT, fashion, retail, and vocational trades.

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