Story perspectives

Nigeria Launches ?6 Billion Initiative for Youth Businesses

10/20/2025

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Summary

Story summary

The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) will launch ?6 billion program to register 250,000 youth-led businesses for free.
Program aims to formalize small enterprises, create jobs, and boost youth participation in Nigeria's economy.
CAC is implementing an AI system to streamline registration and align the effort with the Federal Government's Micro, Small and Medium Enterprises and youth unemployment strategy.

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Story summary

The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) will launch ?6 billion program to register 250,000 youth-led businesses for free.
Program aims to formalize small enterprises, create jobs, and boost youth participation in Nigeria's economy.
CAC is implementing an AI system to streamline registration and align the effort with the Federal Government's Micro, Small and Medium Enterprises and youth unemployment strategy.