The Federal Government has officially changed the name of the Nigerian Youth Economic Engagement and De-Radicalization Programme (NIYEEDEP). The new name is now the Youth Economic Intervention and De-Radicalization Programme (YEIDEP).
Why the Name Change?
Minister Olawande, who spoke on behalf of the government, explained the reason for the new name. He said the new name makes it easier for Nigerian youths to connect with the program. It now sounds more focused on them, showing that the project is specially designed to support and empower them through economic opportunities.
Main Goals of YEIDEP
The Youth Economic Intervention and De-Radicalization Programme (YEIDEP) has clear goals to support young Nigerians. One main goal is to reduce youth unemployment by helping young people start or grow their own businesses. Programme also aims to fight poverty by giving financial support and useful skills to the youth.
Another key goal is to stop radical activities by providing better economic options. The program teaches business skills, offers mentorship, and supports new ideas to help youths stay focused on positive goals. YEIDEP also works with banks, companies, and local groups to give extra support. Overall, the program wants to build a safer, stronger Nigeria by making young people more skilled, self-reliant, and successful.
Who is Involved?
The official announcement included key representatives:
- Federal Government: Represented by Olawande, Minister of Youth Development.
- Nigerian Civil Society and Global Partners: Represented by the Youths Off The Street Initiative’s head, who strongly supports YEIDEP.
Importance
Olawande stated clearly that program creates economic opportunities for Nigerian youths. The goal is to reduce unemployment by encouraging entrepreneurship. The programme specifically supports youth to become successful entrepreneurs.
Massive Registration Numbers
As shared by representatives, program aims to reach:
- 20 million youth entrepreneurs, especially farmers and those in food and agriculture-related businesses.
- Already, millions of youths are showing interest and registering.
Benefits
- Training and business mentorship.
- Access to funding through local and global partners.
- Opportunities to start and grow successful businesses.
- Financial services and banking assistance.
Major Financial Support from Banks
Several important banks and financial organizations have promised their full support. These banks include:
| Bank/Organization | Type of Support |
|---|---|
| Local Banks | Loans, Banking services, Financial literacy training |
| International Partners | Funding, Training, Market access |
Banks and financial institutions involved are:
- Access Bank
- Zenith Bank
- First Bank
- United Bank for Africa (UBA)
- Fidelity Bank
- Union Bank
- Guaranty Trust Bank
A Message from Civil Society
The Nigerian Civil Society strongly supports this programme. According to their spokesperson from Youths Off The Street Initiative, It is very important for Nigeria’s economic future, security, and social peace. He said clearly, “It’s YEIDEP or nothing.”
The organization calls for everyone, both local and international, to support actively.
How Can Youths Apply?
Youths who want to be part of program must:
- Visit the official YEIDEP online registration portal.
- Provide required personal and business details.
- Attend training sessions.
- Be ready to receive financial assistance and guidance to start their businesses.
Final Thoughts
The Federal Government believes YEIDEP is a step in the right direction. It will help youths achieve their dreams and make Nigeria stronger economically and socially.
With this new approach, the government expects more youths to participate actively and succeed economically.
Stay updated with YEIDEP opportunities and ensure you apply early.