In August 2017, MEDA and Cuso International finalized another successful cycle of the Youth Entrepreneurship Business Support Plan (YEBSP) as part of the YouLead (Youth Leadership, Entrepreneurship, Access and Development) project. YouLead’s overall goal is to enhance sustainable economic prosperity for 7,000 young people who reside in 18 Local Government Areas situated in Nigeria’s Cross River State. The YEBSP grants are just one of the many activities designed to achieve this goal.
To mark International Women’s Day 2017, MEDA is highlighting important issues and voices around women’s economic empowerment and gender equality in the area of economic development. This is the second in our “Be Bold for Change” blog series celebrating the power of women entrepreneurs and their partners around the world.
How do you effectively reach a majority of people to discuss financial inclusion in Nigeria? Mark Akpan, Program Manager Financial Inclusion
Radio is the main source of news and information in Cross Rivers State, Nigeria. During my January 2017 visit to the YouLead project, implemented with Cuso International, Mark Akpan and I had the opportunity to visit Hit FM Cross River State to talk about Access to Finance for youth. We shared our understanding and approach towards addressing gender inequalities in this sector.
MEDA is currently partnering with Cuso International in Nigeria on the Youth Leadership, Entrepreneurship, Access and Development (YouLead) project. The Youth Entrepreneurship Business Support Plan (YEBSP) is one of the many activities aimed at improving access to finance for young entrepreneurs. The YEBSP has been designed and administered as a business plan competition for youth, between the ages of 18-35, who have completed or are currently enrolled in YouLead’s entrepreneurship training program. The YEBSP is meant to kick-start youth-led businesses in the natural resources sector with funds ranging from 100,000 to 300,000 naira (approximately CAD$400 -$1200).
The first and pilot phase of the YEBSP was launched in April 2016 and the results were recently announced on August 9, 2016 , after a long process of selection and verification.
Often in developing countries, rural women and youth have unequal access to and control over critical resources and inputs that are required to start-up and maintain a business, such as land, savings, information sources, training, etc. As such, identifying low-cost income generating activities for women and youth has been a hallmark of MEDA’s economic development projects.
In Nigeria, MEDA is currently partnering with Cuso International to improve financial inclusion for youth in Cross River State (CRS). The project is titled Youth Leadership, Entrepreneurship, Access and Development (YouLead) and it has just released its first phase of funding to winning applicants of its Youth Entrepreneurship Business Support Plan (YEBSP) competition. (1)
This blog is an update on the previous entry on the Financial Inclusion for Nigerian Youth, dated February 9, 2015.
MEDA is partnering with Cuso International to improve financial inclusion for youth in Nigeria. The project titled Youth Leadership, Entrepreneurship, Access and Development (YouLead) works with young women and men in Cross River State, Nigeria.
The start of something new, something based on MEDA's experiences in Morocco
MEDA recently launched its partnership with CUSO International to improve financial inclusion for youth in Nigeria. The project titled Youth Leadership, Entrepreneurship, Access and Development (YouLead) will work with young women and men in Cross River State, Nigeria.
Nigeria is Africa's most populous country and the unemployment rate stands at approximately 20%, with youth unemployment at almost double this rate at 35%.