BOI YES Program: Youth Entrepreneurship Support Nigeria

Overview

The Bank of Industry Youth Entrepreneurship Support (YES) Program is designed to address youth unemployment by equipping young Nigerians with skills and funding opportunities to start their businesses. The program offers up to N10 million in financing with flexible loan terms and low interest rates to help young entrepreneurs launch and grow their ventures.

Loan Amount and Terms

The YES Program provides loans up to N10 million with flexible repayment terms and low interest rates specifically structured to support youth entrepreneurship. The Bank of Industry has no minimum amount requirement for startups; viability of the business, clear projections, and conformance to eligibility and documentation requirements are what matter most.

Eligibility Requirements

Eligible applicants are Nigerian youths aged 18-35 years with a viable business idea or an already existing business. Applicants must demonstrate clear business projections and meet BOI's documentation requirements. The program is open to youth across various sectors supported by the Bank of Industry including Agro and Food Processing, Creative Industries, Engineering and Technology, Healthcare, and Renewable Energy.

Application Process

Applications are submitted through the Bank of Industry's 33 state offices nationwide or through the BOI online portal. Required documentation includes business plan with financial projections, proof of business registration or incorporation, valid identification, and other sector-specific documents. The BOI evaluates applications based on business viability and growth potential rather than minimum turnover requirements.

Contact Information

Visit www.boi.ng or contact any of BOI's 33 state offices across Nigeria for application procedures and program details. The Bank of Industry provides advisory support throughout the application process.