In a series of tweets posted earlier, the Federal Ministry of Finance finally announced the fate of the GEJ-administration initiative, YouWiN while also promising NGN 2.5 billion yearly in equity investments for start-ups ad small and medium scale businesses.
1/ Announcement: @YouWiNConnectNg Funding for SMEs.
— Ministry of Finance (@FinMinNigeria) June 22, 2017
2/ In demonstration of @AsoRock's commitment to empowering start-ups and early stage SMEs…
— Ministry of Finance (@FinMinNigeria) June 22, 2017
3/ @YouWiNConnectNg will mobilise up to N2.5 billion annually as equity investment in start-ups and early-stage SMEs.
— Ministry of Finance (@FinMinNigeria) June 22, 2017
4/ The investments will be mobilized through qualified fund managers, under a co-
investment model between them and @FinMinNigeria— Ministry of Finance (@FinMinNigeria) June 22, 2017
Although the Ministry gave no further details as to when the programme will kick off or how interested applicants can apply, it can be safely assumed that the initiative may simply follow the method adopted by the GEJ administration for running the YouWin competition.
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