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YouWin is a youth development scheme, established in Nigeria by the Goodluck Jonathan - led government to empower Nigerian Youths. The program is a Private and Public initiative that finances outstanding business plans for the young, aspiring entrepreneurs in Nigeria.
The program was launched in Nigeria in 2011 at the Presidential Villa. YouWin! as an acronym stands for Youth Enterprise with Innovation in Nigeria. The program is a joint product of four ministries from the Federal Republic of Nigeria namely; Ministry of Finance, Ministry of Communication and Technology, Ministry of Youth Development and the Ministry of Women Affairs. The execution of this program is to finance the projection of the government of enhancing 3600 entrepreneurship youths in the country
The Phases of YouWinEdit
The first edition, tagged YouWin!1, was initiated to sensitize aspiring entrepreneural Youth on job creation by funding their business plans. The second edition (YouWin!2) was a Mono-gender version, with Women below the age of 45 year as the target participants. It rewarded over 1200 youths. The third edition (YouWin!3) was Poly-gender, with a record number of awardees (over 2500 Youth).
The working of the ProgramEdit
The fund granted by YouWin is an equity contribution into the business of selected awardees. Such a person, aside being a Nigerian Youth, must have a business plan for a registered company with Corporate Affairs Commission in Nigeria. The fund disbursement is designated through any of the participating commercial banks in Nigeria
In June 2016, the Federal Government through the Ministry of Finance said that it would consult with beneficiaries and other concerned parties on the restructuring and re-focusing of the multi-billion Naira Youth Enterprise with Innovation in Nigeria (YouWin) programme, with the objective of injecting new ideas for its sustainability. As follow-up, the Director of Information at the Ministry, Salisu Dambatta, issued a statement saying that a weekly print media enterprise education programme designed to assist entrepreneurs start, plan and grow their businesses would be launched soon. It would be launched by the Youth Enterprise With Innovation in Nigeria (YouWiN!Connect). It added that the publication would be syndicated in five national newspapers on Sundays and Wednesdays. Since inception, the programme has midwifed 3,900 enterprises but needs enhancement to ensure sustainability. This has influenced the redesign to YouWiN!Connect, which takes YouWiN! to the next level as a multi-media enterprise education initiative that will provide the tools and skills required to support the emergence of the next generation of successful Nigerian-owned enterprises across the nation.
Members of the advisory board include the Finance Minister, Mrs. Kemi Adeosun the Minister of State, Industry, Trade and Investment, Mrs. Aisha Abubakar the founder and C.E.O of House of Tara International and pioneer of the bridal make-up profession in Nigeria, Mrs. Tara Fela-Durotoye Former Banker and current MD/CEO of L & Z Integrated Farms, Alhaji M.D. Abubakar Founders of the Prince Ebeano Supermarket chain, Mr. Sunday Egede and Mr. David Chukwuma Ojei The founder and Managing Director of Sankore Investments and Venture Capitalist, Mrs. Titi Odunfa Adeoye and The Managing Director of the new Development Bank of Nigeria
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