The Federal Ministry of Youth Development, through the Nigerian Youth Academy (NiYA), has awarded ₦49 million in grants to 17 young Nigerian entrepreneurs, alongside one year of complimentary access to enterprise management software to support the digitalisation and growth of their businesses.
The grants were presented at the Final Pitch Day and Grant Award Ceremony of the NiYA × Cascador Founders Programme, held at the Afreximbank African Trade Centre in Abuja.
Eight top-performing founders received ₦5 million each, while nine other entrepreneurs were awarded ₦1 million each to support their business operations, according to a statement by the organisers.
Beyond the financial support, all 17 beneficiaries will receive one year of complimentary access to SMECore, an enterprise resource planning (ERP) platform developed by Sapphital, the programme’s implementing partner.
The software provides digital tools for financial management and accounting, sales, customer relationship management (CRM), inventory management, human resources and business performance reporting.
The platform is expected to help the entrepreneurs digitise essential business processes, maintain financial records, monitor operational performance and make informed decisions as their businesses expand.
Ayodele Olawande, Minister of Youth Development, said the Federal Government remained committed to supporting the participating entrepreneurs beyond the grant award.
“To every founder in this room: today is not the finish line; the Ministry’s door remains open, and your journey with NiYA continues,” he said.
Olawande said the programme was launched in August 2026 to connect young Nigerians with skills, enterprise development opportunities and access to finance.
He said 20 founders were selected through a rigorous process and participated in four weeks of intensive training covering business fundamentals, investment readiness, financial management and pitch preparation.
According to Sapphital, SMECore is designed to provide small and growing businesses with an integrated system for managing operations, including payroll, invoicing, inventory, customer records and financial reporting.
“Through SMECore, the founders will have access to digital tools for financial management and accounting, sales and customer relationship management (CRM), inventory management, human resources, business performance reporting and executive dashboards,” the company said.
The training also featured sessions facilitated by government institutions, including the National Information Technology Development Agency (NITDA), Nigeria Data Protection Commission (NDPC), Standards Organisation of Nigeria (SON), Corporate Affairs Commission (CAC), National Agency for Food and Drug Administration and Control (NAFDAC), and Nigeria Export-Import Bank (NEXIM Bank).
Eight startups receive ₦5m each
The eight startups that received ₦5 million each are SewPRO, Biuda, Sparklean Station, Backel Food Services, Shellify, Rèkool Access Technology, Agrosavvy Consult and Craft Planet.
The other nine beneficiaries, who received ₦1 million each, are Eeshas Cake and Foods, Zannytecture Recycling, ParaLearn, Drych Digital, Sol-Uniq Green Resources, Bidvans, UpSmart Energies, Agro-Chill Solutions and TrashGo.
NiYA, a youth development initiative of the Federal Ministry of Youth Development, was officially launched on March 24, 2025, to provide young Nigerians with access to digital learning, employment opportunities, entrepreneurship support and mentorship.
According to the academy, its broader target is to empower and train seven million young Nigerians within two years while supporting the creation of five million jobs within three years.
Godwin Peter
May 12, 2023 at 8:37 am
You have said it all
We pray for peace and unity 🤝