FG offers ₦5m grant to young Nigerian entrepreneurs - how to apply

The Nigerian Federal Government has launched the NiYA × Cascador Founders Programme, offering grants of up to ₦5 million to support young entrepreneurs. This four-week initiative, a collaboration between the Federal Ministry of Youth Development, Cascador, and Sapphital, focuses on business development, investment readiness, pitch preparation, and mentorship.

Twenty young founders will be selected for the pilot cohort. At the program's conclusion, the eight highest-performing participants will be eligible to receive up to ₦5 million each in non-dilutive funding from Cascador. These recipients will also gain an Enterprise Resource Planning (ERP) solution to enhance business management and growth.

The program aims to equip early-stage entrepreneurs with stronger business fundamentals and improve their ability to present their ventures to potential investors. Participants will engage in training sessions, mentorship, virtual activities, and a final Pitch Day. However, selection for the cohort does not guarantee funding; only the top eight performers will be considered based on program assessments and funding conditions. Applicants must provide accurate information, as organizers reserve the right to verify details and disqualify those submitting false or misleading information.