Youth Ignite Project 2017 BOI/AGDC/FBN Youth Ignite Innovation Program for Nigerian Youth Entrepreneurs – This is to inform the general public that the Youth Ignite project 2017 of Federal Government of Nigeria is ongoing. Application form for Youth Ignite project 2017 is available via online.
The entrepreneur’s initiative of Federal Government of Nigeria and in collaborations with BOI, AGDC, FBN are to assist economic downturn and development strategies which will also create jobs opportunity and helps in growth of businesses than ever.
Youth Ignite project will help to address unemployment in the country, through the Youth Ignite Innovation program over 1 million entrepreneurs Nigerian will benefit from the program and it will create more 5 million jobs for Nigerian youths.
Loan Cycle amount for project funding
An applicant who meets the requirements criteria and judges review will gain access to loan of up to 200,000 to start a lucrative business. Those participants who are successful at the end of first stage and who are able to prove their concept through the revenue generated by them will also gain access to the scale loan of 500,000.
Youth Ignite project 2017, Program Objectives
The aim of the youth ignite initiative program is to create jobs through entrepreneurs and to get loan from Federal government of Nigeria in partnership with bank of industry (BOI) which is among the Nigeria’s well known developing financial institution. BOI is known for providing financial assistance for the establishment of large and lucrative businesses.
Prerequisites for Youth Ignite project 2017
The project is subjected for talented, creative, and up and do Nigerians who have experience in business idea that they believe in and are committed to bring to life.
Youth Ignite project 2017 Requirements
- Applicants must be of Nigerian nationality
- All applicants must provide age details or you see your application being declined.
- Applicants must be between the ages of 18 – 35.
- Applicants must be clear on the benefits from the loan.
- Applications must articulate a specific business problem to solve or opportunity to address.
Who is eligible to apply for Youth Ignite project 2017?
All Applicants must be of Nigerian nationality
Employees of Bank of Industry, FirstBank, AGDC, Digital Jewels Limited, etc. and their families are not allowed to apply for the program.
Duration of Ignite Innovation Program
Loan cycle – 12 months (3 months’ moratorium, 9 months’ repayment
How to apply for Youth Ignite project 2017
To apply for the initiative you must follow the steps below:
Qualify applicant should apply via www.youthignite.ng
Your Youth Ignite project registration must be done as follows
- Account set up
- Personal details
- Entry submission
Click on next to enter another stage
The Federal Government Youth Ignite project 2017 is loan to create jobs to unemployed youths and to encourage their lucrative businesses.