From June 1 to June 10, 2025, the Federal Ministry of Youth Development has officially started collecting bank account details for the Youth Economic Intervention and De-Radicalization Empowerment Programme, also known as YEIDEP. This comes just after registration ended on May 31, 2025, with more than 5 million Nigerian youths applying for the program.
This confirms that the process has now moved from planning to action. The payment and training phase has officially started.
What This Bank Collation Really Means
Between June 1 and June 10, the government is focused on gathering correct bank details from all applicants who completed their registration. This is a very important stage because payments will only be made to correct and active bank accounts.
If the bank information you submitted is incorrect, you will not get the ₦500,000 grant. That is why all applicants are advised to double-check their account details carefully. One small mistake could block your opportunity.
What Exactly Is YEIDEP Giving?YEIDEP is not only about giving out money. It is a full program to help young Nigerians grow in areas like:
- Agribusiness
- Agro-processing
- Technical skills
- Small manufacturing
- Local service businesses
Each person selected for this program will receive:
- A grant of up to ₦500,000 (not a loan)
- Free training to build business and technical skills
- Mentorship from experienced professionals
- Continued support after the training
The training part is very important because money alone is not enough. The goal is to help youths learn, grow, and succeed long term.
What’s the Timeline Now?
| Stage | Date | Details |
|---|---|---|
| Registration Closed | May 31, 2025 | Over 5 million youth applied |
| Bank Account Collation | June 1–10, 2025 | Applicants submit & verify bank details |
| Application Screening | Mid-June 2025 | List of eligible candidates selected |
| Payment Begins | End of June 2025 | Grants sent to valid bank accounts |
| Training Starts | July 2025 onward | Business and skills classes begin |
What You Should Do Now
If you registered before the May 31st deadline, here’s what you must do right now:
- Make sure your bank details are correct
- Don’t use someone else’s bank account
- Wait for official updates by SMS or email — don’t fall for scammers
- No payment is required — everything in YEIDEP is free
Also, do not submit multiple entries or bank accounts. The system will only accept one valid entry per person, and any mismatch will lead to disqualification.
What Happens After June 10?
Once the bank collation ends, the screening stage will begin. This is where the government will select who qualifies. Then, by the end of June, the first set of payments will begin.
After that, successful candidates will start their training programs. These will focus on helping young people gain skills, grow small businesses, and create jobs in their communities.
If your registration is complete and your bank details are correct, you’re already on the path. Now is the time to stay updated and get ready — because something big is coming.