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President Goodluck Jonathan launches fourth batch of YouWin Venture Capital Fund for aspiring Nigerian entrepreneurs
| November 19, 2014
The fourth batch of the YouWin Venture Capital Fund has been launched by President Goodluck Jonathan. YouWin, which stands for Youth Enterprise with Innovation in Nigeria, is a programme that provides aspiring youths with a platform to showcase their business acumen and is aimed at young entrepreneurs who want to start a business in Nigeria with the objective of creating jobs. YouWIn has helped create a total of 22,000 jobs so far and the goal is to double that amount with the fourth edition. YouWin provides a one-time equity grant for up to 1,200 aspiring entrepreneurs and hopes to generate 80,000 to 11,000 new jobs for unemployed Nigerian youths over the course of the programme. It also provides training for up to 6,000 youths across all geo-political zones in the country. YouWin awardees receive between N1 million and N10 million in government grants, depending on the business’s needs. To be eligible for participation: - you must be a Nigerian citizen - the proposed business idea must be located within Nigeria and - the business must seek to employ Nigerians. - you must be between 18 to 45 years of age, and - you must have completed post-secondary school. - the business idea cannot involve the sale, production, or distribution of weapons, tobacco, alcohol, or gambling. To learn more about the YouWin program, visit the YouWin website

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"The views and opinions expressed in these comment(s) or article(s) do not necessarily reflect the views or opinions of NGEX, its partners or its affiliates."
OMOTAYO, J. A.    Eldoret, KENYA    November 19, 2014
When crude oil sold for $100 per barrel approx and our total foreign debt was less than $6 billion, the YouWin program could only help 22,000 youths in three years.

Now crude oil is less than $80 per barrel and our foreign debt is $9.3 billions approx. Domestic debt has almost doubled within the period. External reserves and Excess Crude Oil Account have both been depleted. Servicing of debt alone has gone up to N1.1 trillions this year alone.

All these statistics will get worse day after day, month after month, and year after year under Mr. Jonathan. Yet the government's YouWin program will benefit additional 58,000 youths in fourth phase. Must Nigerians not demand what magic wil bring the money? Enough of all these deceptions.

Good leadership always show sincerity. But rather than exhibit such quality, our Mr. Goodluck Jonathan continues to hide behind a finger by lying to Nigeria and Nigerians. This is very unfortunate.

God save Nigeria.
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