Budding entrepreneur in Lagos? You can get Equity-free loans at 1% interest rate

Late last year, Governor Akinwunmi Ambode of Lagos State presented an Employment Trust Fund bill to the State House of Assembly for ratification and consideration. This bill was aimed at transforming employment creation in the state with ₦25bn proposed to be spent over four years as a support scheme for young entrepreneurs and small businesses.

Early this year, the bill was signed into law by governor Akinwunmi Ambode in Ikeja, Lagos. At the signing ceremony, the governor said the Employment Trust Fund was in line with the promise made to the people during the electioneering campaign.

How To Apply For The Young Entrepreneurs And Students Grant

The YESGrant is an initiative of the Nigeria Young Professionals Forum (NYPF) in joint venture with Heritage Bank.

Over 1000 Nigerians will this year be beneficiaries of N500Million Naira Grant seed capital set aside for young Nigerian entrepreneurs and students.

This was disclosed this week during the launch of the YESGrant Scheme by the Nigerian Young Professionals Forum (NYPF) in partnership with Heritage Bank, which took place at the Four Point Hotel in Lagos, Nigeria.

Here is how to apply for the YESGrant: