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The National Youth Service Corps (NYSC) has secured a ₦2 billion intervention fund aimed at supporting young entrepreneurs and empowering corps members to become job creators rather than job seekers.
The development was announced as part of efforts to strengthen the NYSC’s Skill Acquisition and Entrepreneurship Development (SAED) programme. The fund is expected to provide seed capital, training support and mentorship opportunities for corps members with viable business ideas.
According to NYSC officials, the initiative is designed to address youth unemployment by equipping young Nigerians with practical skills and financial backing to launch small and medium-scale enterprises. Beneficiaries are expected to be selected based on innovation, feasibility and potential for job creation.
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The scheme will focus on priority sectors such as agriculture, technology, fashion, manufacturing and the creative economy. Officials noted that emphasis will also be placed on sustainability and scalability to ensure long-term impact.
Stakeholders in the private sector and financial institutions are partnering with the NYSC to ensure transparency and effective disbursement of the funds. Beneficiaries will reportedly receive continuous monitoring and business advisory services to improve success rates.
The move has been widely welcomed by youth advocates, who say access to funding remains one of the biggest barriers facing young entrepreneurs in Nigeria. Many have described the fund as a timely intervention amid economic challenges.
Since its introduction, the SAED programme has trained millions of corps members, though limited access to capital has constrained outcomes. The new funding is expected to significantly boost the programme’s effectiveness.
NYSC authorities reaffirmed their commitment to youth empowerment, stressing that entrepreneurship remains a key tool for economic growth and social stability in the country.
