The 2023 edition of the Mastercard Transforming Nigerian Youths program is currently accepting applications from suitably qualified Nigerian youth. The initiative is aimed at creating a network of entrepreneurial and managerial change-makers. The Transforming Nigeria Youth program is basically designed for youths and women in Nigeria’s MSMEs sector.
In collaboration with the Mastercard Foundation, the Enterprise Development Centre (EDC) seeks to empower 40,000 MSMEs, with a special focus on women-led businesses, by providing them with the necessary training and tools to succeed in their entrepreneurial ventures. This program aims to foster economic growth, reduce unemployment, and uplift communities across Nigeria.
The Mastercard Foundation firmly believes that access to education, financial services, and skills training can pave the way for success.
In line with their vision, the foundation is committed to assisting economically disadvantaged young people in Africa, empowering them to break free from poverty and lead fulfilling lives.
Benefits of Mastercard Transforming Nigeria Youth Program
- Every participating entrepreneur will receive a tailored plan for their business growth. This plan will be designed to address the specific needs and challenges faced by each business, ensuring a more effective and targeted approach.
- The program offers various rewards to participants, including free website design, a Google My Business profile set up, free CAC (Corporate Affairs Commission) registration, free logo design, and much more. These rewards aim to equip businesses with essential tools and resources to thrive in the digital age.
- Access to markets is a crucial factor in the success of any business. Participants in the Transforming Nigeria Youth Program will gain free access to markets, giving them an opportunity to showcase their products and services to a wider audience.
- The program offers comprehensive training in essential entrepreneurial skills. From idea development to marketing strategies and financial management, participants will be equipped with the knowledge and expertise needed to run a successful business.
- Entrepreneurs will have the chance to receive personalized advisory services from industry experts. These one-on-one sessions will offer valuable insights, guidance, and mentorship, enabling participants to make informed decisions for their businesses.
- In acknowledgment of the significance of digital learning, the program provides free data to participants, ensuring they can access training materials and resources conveniently.
- Entrepreneurs will have the opportunity to take part in sector-specific competitions. These competitions will allow them to showcase their innovations, gain exposure, and potentially secure funding for their ventures.
- The program will keep participants informed about various funding opportunities and grants available to support their businesses. This knowledge can be instrumental in securing financial assistance to scale up operations.
Eligibility Criteria for Mastercard Transforming Nigeria Youth Program
To be eligible for the Transforming Nigeria Youth Program, applicants must meet the following criteria:
- Applicants must fulfill the age requirement of a minimum of 18 and 35 years maximum.
- Participants must be residents of any of the 36 states in Nigeria.
- Applicants should either have an existing business or a well-defined business idea.
How to Apply for the Mastercard Transforming Nigeria Youth Program 2023?
Applying for the Mastercard Transforming Nigeria Youth Program is a simple process. Interested and eligible individuals can follow these steps:
- Visit the Mastercard Foundation website at https://reg.smetoolkit.ng/program-apply/transforming-nigerian-youths#
- Click the Start Application icon to proceed with your application
- Complete the application form with accurate details
- For more information and additional details, visit the Mastercard Foundation’s official website at: https://reg.smetoolkit.ng/program-apply/transforming-nigerian-youths
FAQs (Frequently Asked Questions)
Is the Transforming Nigeria Youth Program only for young entrepreneurs?
Yes, the program is targeted at youths between the ages of 18 and 35 years who aspire to be entrepreneurs or already have a business.
Can I apply for the program without a business idea?
Yes, you can still apply even if you don’t have an existing business. The program also welcomes individuals with well-defined business ideas.
Are there any fees for participating in the program?
No, the program is entirely free of charge for eligible participants.
Will the program provide funding for my business?
While the program offers access to information on funding opportunities, it does not guarantee direct funding for individual businesses.