YEIDEP Program Secures $3B, 12 Banking Partners, and 13M Created Accounts

In today's latest YEIDEP news, we will be talking about the amount secure for YEIDEP program, the partnered banks and the amount of accounts created for the program. So keep reading!

According to the Coordinator-General of the Nigerian Youth Economic Engagement and De-Radicalisation Programme (NIYEEDEP), 21 commercial banks applied to become the partner banks of this YEIDEP intervention scheme. 12 of them sailed through after a 4-stage screening. They all applied from their headquarters or their head offices. They got screened.

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These are the banks YEIDEP have been partnering with for over a year now. These banks have done so much to get this special intervention to this particular point we are today, below are the partner banks:

• Union Bank
• UBA (United Bank for Africa)
• Keystone Bank
• Guaranty Trust Bank (GTBank)
• Fidelity Bank
• Wema Bank
• Lotus Bank
• Ecobank
• Alpha Morgan Bank
• Access bank 
• Zenith bank

13.1 million accounts has been created for this particular program. There is no program of government in our history that has recorded that amount of youth participation, because of the credibility we have created, the coordinator stated.

The banks have helped us to structure and restructure this program, such that it has become very attractive to international donor partners.

Today, $3 billion is secured already for this program. And that is just the beginning.

My name remains Comrade Kennedy Iyere. This is one thing I have come to love. The Youth Economic Intervention and Radicalization Program is a program of the Federal Government of Nigeria. It is a Federal Government intervention scheme for the whole people of Nigeria. It is anchored, supervised, and coordinated by the Federal Ministry of Youth Development.

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And the mandate, the objective, is simple: to give the youth of Nigeria a sense of economic belonging; to make them able to participate in the economy as co-owners of the Nigerian state, having that economic ownership, that economic inheritance, so that youth exclusion becomes a thing of the past.

Watch the full video below: