The Central Bank of Nigeria (CBN) through Sterling bank
and Heritage bank is providing finance in form of loan to youths under ‘Youth
Innovative Entrepreneurship Development Programme’ (YIEDP) in furtherance of
its intervention in the real sector of the economy and job creation effort.
YIEDP is open to NYSC members and Non-NYSC with not more than five years post-NYSC
The programme is aimed at harnessing the latent
entrepreneurial spirit among the teeming youths by providing timely and
affordable loans to implement their business ideas. This further provides a
sustainable mechanism to stimulate employment, contribute to the Nation’s
non-oil GDP, and address the challenge of youth restiveness.
Individual can access credit line of up to 3 million
while a group of 3-5 can access up to 10 million using their academic
certificate, NYSC certificate, third party guarantors and other moveable assets
Qualified youths between the ages of 18 and 35 are
advised to put their creative ideas in form of bankable business plan to
qualified for the loan. With your business plan intact you can easily extract
your business proposal for submission during online application.
Qualified Business Sectors
Processing / Preservation
- Arts &
- Manufacturing / Cottage Industry
- Information & Communication Technology (ICT)
- Construction Support
& Financial Inclusion
- Film &
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