YMR, Premium Trust Bank Support 1,000 Young Entrepreneurs with ₦24m on Building Sustainable Businesses

The initiative is designed to support micro, small, and medium-sized enterprises (MSMEs) by providing early-stage capital required to stabilise operations, improve productivity, and position young businesses for long term expansion. The grants, which range from ₦500,000 to ₦2 million, are aimed at helping entrepreneurs move from survival to structured growth.

Beneficiaries were selected through a transparent and rigorous process that required the submission of detailed business plans. These proposals were evaluated by a panel of industry experts to assess viability, scalability, and sustainability. Prequalified applicants subsequently participated in a raffle draw to ensure fairness in the final allocation of funds.

In a major boost to youth led enterprise development, the 2025 Young Ministers Retreat (YMR), in partnership with Premium Trust Bank, has disbursed ₦24 million in business grants to over 1,000 young Nigerian entrepreneurs, reinforcing efforts to lay strong foundations for sustainable business growth.

Beneficiaries were selected through a transparent and rigorous process that required the submission of detailed business plans. These proposals were evaluated by a panel of industry experts to assess viability, scalability, and sustainability. Prequalified applicants subsequently participated in a raffle draw to ensure fairness in the final allocation of funds.

Speaking at the event, the Executive Director, Digital and E-Business at Premium Trust Bank, Shina Atilola, said the programme was focused on equipping young entrepreneurs with the financial base needed to build resilient businesses.

YMR and Premium Trust Bank noted that beyond funding, the initiative reflects a broader commitment to nurturing entrepreneurship, job creation, and economic resilience by empowering young Nigerians to build viable, growth-oriented enterprises that can contribute meaningfully to the economy.