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NESG 2023 Ugwumba Enterprise Challenge ( Up to N1.5M)

According to the Nigerian Economic Summit Group (NESG), Nigeria’s unemployment rate will hit 37% in 2023. In another report, it is estimated that in Nigeria, more than 55.4% of youths between the ages of 18 and 35 are currently unemployed.

These and more were the reasons why the Ugwumba Center for Leadership Development in Africa was founded in 2018 by Ugwumba Uche Nwosu with a mission to raise a new generation of leaders and entrepreneurs for Africa.

To contribute towards the reduction of the unemployment crisis ravaging the youth population in Nigeria, the Center launched the Ugwumba Enterprise Challenge, an idea pitching and grant competition for young entrepreneurs and innovators who have ideas that can be transformed into business ventures or social enterprises.

Since its inception in 2018, the Center has supported the birth of over 5,000 SMEs and startups across the country and has built a community of over 20,000 young and women entrepreneurs in Africa.

Today, most beneficiaries of the startup challenge have become employers of labor, thereby helping to reduce the unemployment crisis as well as contribute to Nigeria’s overall GDP.

Ladies and gentlemen, this is to officially announce the “Call for Applications” for this year’s edition of the Ugwumba Enterprise Challenge, which is the 6th in the series.


NESG Ugwumba Enterprise Challenge

Application DeadlineSeptember 9, 2023
Funding TypePartially Funded
TypeEntrepreneurs
SponsorNigerian Economic Summit Group (NESG)
GenderMen and Women
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Benefits of NESG Ugwumba Enterprise Challenge

  • 1st Prize: N1.5M
  • 2nd Prize: N1m
  • 3rd Prize: N700K
  • 4th Prize: N500K

Requirements for NESG Ugwumba Enterprise Challenge

  • This challenge is open to every youth in Nigeria between 18 and 40 years, who has an idea that can be supported, no matter the sector.

Application Deadline

September 9, 2023

How to Apply

Interested and qualified? Go to Nigerian Economic Summit Group (NESG) on bit.ly to apply

For more details,visit NESG website


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