The federal government said it is committed to provide over N10 million gran and mentorship programmes to young business men to boast their business. The Secretary to the government of the federation Mr. Mustapha Boss said  this at the national youth entrepreneurship Empowerment summit (NYEES) in Abuja last week.
Mr. Boss said this administration led by President Buhari was committed to ensuring provision of entrepreneurial capacity for Nigerians.
He said that NYEES was planned to encourage and give back to the Nigerian youths in the celebration of the presidential inauguration “and Democracy Day”.
He said the initiative was carefully crafted to encourage young entrepreneurs and create an enabling environment where they could display their innovation, products and services. “It is also aimed at providing a platform for interface with top government officials responsible for youth intervention programmes. “You will hear from selected experts that have excelled in the art of mastering their talents for profit and those that have benefited from government initiatives to set up small businesses.
“Ten amongst you who have submitted business proposals will go home with N1 million each courtesy of the federal government and 12 months personal mentorship programmes courtesy of Tony Elumelu foundation TEF.

Another 10 will win 12 mentorship programme only in the areas of skills acquisition and the best eight will win the sum of N200,000 each, courtesy the federal government. “This is to help kick start their businesses and we can assure you that the selection process will absolutely be transparent,” the SGF said. Mr Mustapha said the challenge most people faced was lack of sufficient knowledge and
skills to drive successful businesses.
He said a significant number, who had the knowledge and skills often lacked the financial capacity to translate their entrepreneurial skills to reality.
The SGF said the summit, however, was targeted at ensuring all participants were equipped with the knowledge required for business success.
He said NYEES would offer skill base training sessions to enable participants move toward productivity and also empower deserving youths with some funding to take their businesses to the next level.