FG offers ₦5m grant to young Nigerian entrepreneurs – how to apply

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The Federal Government (FG) has announced grants of up to ₦5 million for young Nigerian entrepreneurs through the NiYA × Cascador Founders Programme, a four-week initiative designed to support business development, investment readiness, pitch preparation and mentorship.

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The programme is being implemented by the Federal Ministry of Youth Development in partnership with Cascador and Sapphital, with 20 young founders set to be selected for the pilot cohort.

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At the end of the programme, the eight top-performing founders will be eligible to receive up to ₦5 million each in non-dilutive funding from Cascador.

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The selected funding recipients will also receive an Enterprise Resource Planning (ERP) solution to help improve business management, structure and growth.

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The programme is designed to help early-stage entrepreneurs develop stronger business fundamentals, improve their investment readiness and learn how to present their businesses effectively to potential investors.

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Participants will take part in training sessions, mentorship, virtual engagements and a final Pitch Day, where their progress and business ideas will be assessed.

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However, selection into the 20-member cohort does not automatically guarantee funding. Only the eight top-performing participants will be considered for the funding, subject to the programme’s assessment and funding conditions.

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Applicants are also required to provide accurate information during the application process. The organisers reserve the right to verify information submitted and disqualify applicants who provide false or misleading details.

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How to apply

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Young Nigerian entrepreneurs interested in the programme can apply through the NiYA × Cascador Founders Programme application portal.

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Applicants should create a profile, provide the required personal and business information and complete the application form before submitting it for consideration.

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The programme is powered by the Federal Ministry of Youth Development, with Cascador serving as the funder/donor and Sapphital as the implementing partner

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Successful applicants will be expected to commit to the full four-week programme and actively participate in the training, mentorship and pitch activities.

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