The Federal Government (FG) has announced grants of up to ₦5 million for young Nigerian entrepreneurs through the NiYA × Cascador Founders Programme, a four-week initiative designed to support business development, investment readiness, pitch preparation and mentorship.

The programme is being implemented by the Federal Ministry of Youth Development in partnership with Cascador and Sapphital, with 20 young founders set to be selected for the pilot cohort.

At the end of the programme, the eight top-performing founders will be eligible to receive up to ₦5 million each in non-dilutive funding from Cascador.

The selected funding recipients will also receive an Enterprise Resource Planning (ERP) solution to help improve business management, structure and growth.

The programme is designed to help early-stage entrepreneurs develop stronger business fundamentals, improve their investment readiness and learn how to present their businesses effectively to potential investors.