The Federal Government has disbursed the total sum of N10, 995, 391, 260 to the beneficiaries of the third edition of the YouWiN programme from 2015 to date. Finance Minister, Mrs Kemi ADEOSUN The Minister of Finance, Mrs. Kemi Adeosun, disclosed this while releasing the last payment of N125, 640, 000 for disbursement to the final 61 beneficiaries of the third edition of the programme, yesterday.
She said that out of the total amount released, N8, 396, 905,038 was disbursed by the President Muhammadu Buhari-led administration. “By January 2018, the total amount disbursed to beneficiaries of the third edition of the YouWiN programme will be N11, 121, 031, 260 billion, of which the current administration has disbursed N8, 522, 545,038 billion,” she said.
The amount was disbursed to 1, 500 beneficiaries who have started or expanded their business across a variety of sectors, including Information and Communication Technology (ICT), Manufacturing, Services and Agricultural Production and Processing. Other areas covered under the third edition were Fashion and Entertainment, while various technical support were extended to over 18, 000 beneficiaries in the areas of access to markets and finance as well as capacity building in business management, accounting and operations.
Upon assumption of office, Mrs. Adeosun reviewed and restructured the YouWiN Programme which it inherited from the previous administration and renamed it YouWiN Connect and gave it a new focus for sustainability. YouWiN Connect is currently providing online capacity building to more than 61, 000 beneficiaries across the country. The next stage of the YouWiN Connect Programme will involve sector specific in-class training to successful beneficiaries and the development of franchise infrastructure.