SARA BY WEMA, in cooperation with Enterprise Development Centre (EDC) and MasterCard Foundation, proudly presents a revolutionary program to provide Nigerian youngsters, particularly female entrepreneurs, with crucial entrepreneurial and managerial skills.
The Transforming Nigerian Youth Program is a comprehensive training and support effort designed to equip young Nigerian entrepreneurs, particularly women, with critical business skills and expertise.
This post will provide you with the details about the ₦5m Empowering Nigerian Youths By Wema Bank/EDC/Mastercard, eligibility criteria and how to apply for the program
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Summary of ₦5m Empowering Nigerian Youths By Wema Bank/EDC/Mastercard
| Company | Bank/EDC/Mastercard |
| Category | Grant |
| type | |
| Location | Nigeria |
| Reward: | ₦5m Grant | Enterprise Training | Mentorship |
| Application method | Online |
| Deadline | Not stated |
About the ₦5m Empowering Nigerian Youths By Wema Bank/EDC/Mastercard
The Transforming Nigerian Youths Program provides comprehensive training and support to young Nigerian entrepreneurs, with a concentration on female entrepreneurs aged 18 to 35 years. Participants will be armed with the tools and expertise they need to succeed in today’s competitive business landscape thanks to a combination of enterprise training, grant access, market access support, and customized mentoring.
The curriculum includes a 15-day, self-paced virtual training designed to provide participants with critical business skills, as well as interactive workshops and seminars to help them grasp and apply what they’ve learned.
The program culminates with a major pitchathon, in which participants will present their company ideas to a panel of respectable judges.
This final step not only shows participants’ innovations, but also provides important feedback and the opportunity to win grand prizes or acquire additional mentorship and funding opportunities from possible investors attending the pitchathon event.
Purpose of the Program
- Promote youth empowerment and entrepreneurship development.
- Foster economic growth and innovation across diverse sectors.
- Equip young Nigerians with vital business skills and knowledge.
- Create a network of entrepreneurial change-makers driving positive impact.
Benefits of the Empowering Nigerian Youths Program
The program provides free enterprise training, access to market programs, individualized support services, financing, and market access assistance through trade fairs and exhibitions.
Free Enterprise Training
- Free enterprise training for 50,000 young women business
Access to Market
- Gain access to free and discounted slots in trade fairs and exhibitions to showcase your products and services.
Seed Grants
- Stand a chance to receive a grant award of up to N5,000,000 to kickstart or scale your business ventures.
Eligibility Criteria for Empowering Nigerian Youths Program
To be considered eligible for this program, candidates must be able to satisfy the following requirements:
- Be a young entrepreneur aged 18–35.
- You must be living in Nigeria.
- be a female entrepreneur in several areas of Micro, Small, and Medium Enterprises (MSMEs).
Selection Process for the Grant
Beneficiaries are chosen based on predetermined criteria, such as active involvement in the training program and the quality of their business plans.
Seed funds and support services are provided to eligible participants after a transparent selection process, and possessing a WEMA Bank account is a primary eligibility factor for receiving the grant award.
Graduates receive ongoing support through personalized assistance from Business Development Support Providers (BDSPs), access to market opportunities, and guidance on accessing single-digit loans for business expansion.
Program Duration
The course is self-paced and lasts fifteen working days. Participants can begin at any point within the three-month timeframe.
To ensure long-term impact, further support and sessions will be available after the initial training.
Method of Application for the ₦5m Empowering Nigerian Youths By Wema Bank/EDC/Mastercard
To apply for this program, kindly follow the step-by-step application guidelines below:
- Click on the “Apply Now” button below to access the official SARA BY WEMA,portal
- You can begin your application directly by clicking here
- You will need to create an account using your email address and phone number
