Lagos, Nigeria – The Youth Economic Intervention and De-Radicalisation Empowerment Programme (YEIDEP) has reached a critical milestone, with Union Bank completing account collection and now verifying beneficiaries’ BVNs ahead of N50,000–N500,000 grant disbursements.
Key Updates
Union Bank Leads: First to complete beneficiary account collation
BVN Verification: Ensures only legitimate applicants receive funds (prevents fraud)
Next Steps: Successful verifications to trigger first batch payments
Other Banks (Access, Zenith, FirstBank, UBA): Still in document review phase
About YEIDEP
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Goal: Tackle youth unemployment via grants/skills (backed by FMYD & Senate)
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Eligibility: Young entrepreneurs/MSMEs in all 774 LGAs
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Impact: Aims to lift 50,000+ youths out of poverty annually
Action Steps for Applicants
Confirm BVN-bank details match (mismatches cause disqualification)
Avoid duplicate registrations
Monitor official channels for payment dates
Quote:
“This verification safeguards funds for truly deserving youths.” — YEIDEP Spokesperson
