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World Bank approves N756 million for 81 beneficiaries of Nigerian govt’s youth empowerment scheme

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The World Bank project has approved 756.3 million for disbursement to 81 young Nigerian innovators who partecipate in AVDD (Aso Villa Demo Day), one of the economic empowerment initiatives.The winners of the 2017 AVDD emerged from a national technological innovation competition held in Lagos, Port Harcourt and Abuja. The beneficiaries were drawn from Akwa Ibom, Bauchi, Delta, FCT, Kaduna, Lagos, Nasarawa, Osun, Oyo, the money obtained from the World Bank will be disboursed to them in two tranches. The Aso Villa Demo Day is an initiative of the Buhari presidency that targets young Nigerian entrepreneurs with innovative business models that could contribute to the growth of the economy. The idea behind the programme, is to support the presidency’s drive to celebrate and empower the technology start-ups who are providing innovative solutions in Nigeria.

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