fbpx
Founder Institute Lagos Founder Institute Lagos Founder Institute Lagos
  • Home
  • About
  • Partners
  • Advertise
  • Contact
  • Signup to receive updates
Innovation | Startups | Funding | Tech Blog in Africa
Advertisement
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
Innovation | Startups | Funding | Tech Blog in Africa
No Result
View All Result
Home General

Ford Foundation partners ISN, supports Access of Underserved Communities to the Nigeria Youth Investment Fund

by TechBuild.Africa
2022/04/13
in General
Ford Foundation - techbuild
Share on FacebookShare on Twitter
Tweet
Share
Share

Socioeconomic interventions such as microcredit schemes have become a popular instrument to promote economic empowerment among entrepreneurs and job creation.

However, some target groups from underserved communities are often inadvertently excluded from these interventions.

To address this, Ford Foundation – a non-profit organisation with a mission to reduce poverty and injustice, is supporting the access of underserved communities to the Nigeria Youth Investment Fund (NYIF) through a collaboration with the Innovation Support Network (ISN)

NYIF is a loan-based program launched in July 2020 for entrepreneurs aged 18 to 35 by the Federal Ministry of Youth and Sports Development to tackle youth unemployment and generate at least 500,000 jobs between 2020 and 2023.

RelatedPosts

CFA urges Positive Narratives for Anambra as Wikimedia Anambra Network celebrates One Year

Unlocking Socio-Economic Progress: Early-Stage VC in South Africa

NiRA announces Voting for the 2023 .NG Awards: Celebrating Excellence in Nigeria’s Digital Community

Energy, AI and a Groovy New Tech Demo Area All on the Menu at Africa Tech Festival

To drive inclusive access to this Fund, Ford Foundation through its implementation partner – Innovation Support Network – aims to increase access of women, at-risk youth in underserved communities including rural and urban peripheries and people with disabilities to qualitative NYIF applications through an initiative tagged DAFIM – Driving Access to Financial Inclusion for Microentrepreneurs.

DAFIM is a multi-stakeholder initiative that will leverage on the International Labour Organisation’s Start and Improve Your Business curriculum and Innovation Support Network’s pool of trainers and innovation hubs to support the training of 60,000 participants in Abia, Adamawa, Akwa Ibom, Kaduna, Kogi and Ogun states over a period of two years with a target audience of 60% women, 30% at-risk youth and 10% people with disabilities. To achieve this, the target groups will be provided with awareness and socialisation around NYIF, offline alternatives to the online NYIF process, criteria fulfilment support, business training in local languages and additional subsequent guidance along the NYIF application process.

Working in collaboration with partners including women and PWD groups across the 6 pilot states (Abia, Adamawa, Akwa Ibom, Kaduna, Kogi and Ogun states), DAFIM will also provide Gender Equality and Social Inclusion recommendations to support the achievement of a sustainable inclusion framework for in the implementation of NYIF as well as other similar interventions.

Overall, DAFIM is focused on driving financial inclusion through awareness, education and credit access to micro entrepreneurs in the target states in order to increase the number of sustainable youth-led small businesses among underserved communities across the country to create in-demand products, revenue and jobs, thereby addressing current gaps in youth unemployability, economic development and sustainable entrepreneurship.


Don’t miss important articles during the week. Subscribe to techbuild.africa weekly digest for updates.

Join @techbuildafrica on Telegram
Tweet
Share
Share
ShareTweetShareSendShare

Subscribe us

Recent Posts

  • Nigerian SMB? Apply for Google Hustle Academy Fund (₦75 Million)
  • AI for Health: 5 African Companies make Google for Startups Growth Academy Selection
  • CFA urges Positive Narratives for Anambra as Wikimedia Anambra Network celebrates One Year
  • CIC partners ChipLab to drive Nigeria’s Microchip Industry
  • Root secures $1.5M from Invenfin to accelerate Expansion Plans
  • AfriLabs Annual Gathering 2023: Key Players set to Drive Africa’s Digital Economy
  • Unlocking Socio-Economic Progress: Early-Stage VC in South Africa
  • Young Nigerian Innovator? Apply for IMC Go-to-Talent Challenge ($10K)
  • NiRA announces Voting for the 2023 .NG Awards: Celebrating Excellence in Nigeria’s Digital Community
  • Anambra ICT Agency MD to Keynote Bossladylaw Business Challenge
Innovation | Startups | Funding | Tech Blog in Africa

© 2013-2021 techbuild.africa. All Rights Reserved.

Navigate Site

  • About
  • Contact
  • WE-Forum
  • Privacy
  • Sitemap
  • Terms
  • Blockchain
  • CleanTech

Follow Us

No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain

© 2013-2021 techbuild.africa. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In