Access Bank, one of the leading financial institutions in Nigeria, launched the Access Bank Youthrive Program in 2024, aimed at empowering and uplifting the next generation of entrepreneurs and MSMEs. This unique initiative comes at a crucial time when individuals and small businesses face numerous challenges in navigating the complexities of the business landscape.
Through a comprehensive suite of products and services, Access Bank is committed to providing capacity development, financial empowerment, and invaluable business exchange opportunities to millions of individuals across the country.
About the Youthrive Program
The Access Bank Youthrive Program is a joint or collaborative effort of Access Bank and the office of the Vice President of Nigeria. This collaboration aims to empower eligible individuals and MSMEs. The program aims to impact over 4 million youths over the next four years.
The Youthrive Program places a strong emphasis on fostering entrepreneurship and employability, as it seeks to equip participants with the skills and resources necessary to succeed in today’s competitive business environment.
Benefits of Access Bank Youthrive Program
Successful applicants will enjoy the following benefits:
- Capacity Development: The Youthrive Program places a strong emphasis on empowering youth with the skills needed for entrepreneurship and employability. Through a series of training sessions and workshops, participants will gain valuable insights into business management, marketing strategies, financial planning, and more.
- Business Exchange Opportunities: Exceptional entrepreneurs selected for the program will have the opportunity to participate in sponsored Business Exchange Programs in countries such as the Netherlands, China, or India.
- Access to Funding: One of the key benefits of the Youthrive Program is access to finance through business grants and loans. Upon completion of the capacity development programs, participants will have the opportunity to scale their businesses with financial support from Access Bank. Both seed funding for startups and or expansion capital for established businesses, Access Bank provides financial solutions to meet the needs of program participants.
- Employment Opportunities: In addition to providing funding and training, the Youthrive Program also aims to connect participants with potential employers. Graduates of the program will have access to a wide range of employment opportunities.
Additional Benefits
In addition to the four pillar benefits outlined above, the Youthrive Program offers a range of additional benefits to participants:
- Expert Guidance and Business Support: Participants will receive hands-on support from industry experts on key business topics, including marketing, finance, and legal matters.
- Cost-effective Business Account: Eligible participants will have access to a cost-effective business account, including DBA Lite, to manage their finances more efficiently.
- Legal and Regulatory Advisory Services: Participants will have access to legal experts who can guide regulatory compliance, product registration, and certification.
- Business Export Support: For entrepreneurs looking to expand into international markets, the program offers support from export-trade professionals to navigate the complexities of global trade.
Eligibility Requirements for Access Bank Youthrive Program
To be eligible for the Youthrive Program, applicants must meet the following criteria:
- Startup: Applicants must be individuals or businesses with less than 12 months in operation.
- Business Owner: Have an established business with more than 1 year in operation.
- Graduate: Tertiary institution degree holders seeking active employment or business ventures.
- Applicants should be young individuals with a minimum of a school leaving certificate, and passionate about skill acquisition or business venture.
How to Apply for the Youthrive Program?
- Qualified Candidates for the Youthrive Program, can apply online through the Youthrive application page on the Access Bank website at https://app.youthrive.accessbankplc.com/apply
- Applicants will need to provide basic information, additional information, and program-specific details as part of the application process.
For more details and to submit your application, visit Access Bank at https://youthrive.accessbankplc.com/
Application Deadline
The specific deadline for Youthrive Program applications is not specified.
Frequently Asked Questions (FAQs)
What is the Primary Focus of the Youthrive Training Program?
The training program is designed to empower and enhance the skills of individuals and entrepreneurs through courses on the creative industry, IT/Tech sector, entrepreneurship programs, and skill acquisition training.
What is the structured training approach of the program?
The program offers a flexible approach, delivering modules and resources through both physical and virtual channels to accommodate participants with diverse goals and aspirations.
What are the duration and key components of training
The training duration is structured to provide comprehensive learning opportunities, covering skill development, entrepreneurship training, and career-focused modules.
Does the access Bank Account Requirement apply?
Opening an Access Bank account is not mandatory for program participation. However, it is required to access select program benefits, including training, loan disbursements, grant payments, and other offerings.
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