Applications are open for qualified international students for the 2026 MTN Yellopreneur Initiative, which provides entrepreneurship training, funding loans exceeding N301 million, and a N1 billion Matching Fund Model. This opportunity is specifically designed for female entrepreneurs in Nigeria, and further details regarding eligibility, benefits, timeline, and application procedures will be disclosed.
Application Deadline:
- April 20, 2026
Tell Me About The Award:
The MTN Y’ellopreneur Initiative, powered by the MTN Foundation in collaboration with the Bank of Industry (BOI), is designed to reduce women’s unemployment and advance female entrepreneurship in Nigeria. It provides capacity building, mentorship, and access to capital for female entrepreneurs.
In Phases 1 and 2, 5,754 women were trained, and 122 entrepreneurs received equipment loans worth over ₦301 million. Phase 3 introduces a ₦1 billion Matching Fund Model to expand support.
Which Fields are Eligible?
Female-owned businesses in sectors such as:
- Agriculture
- Manufacturing
- ICT/Digital Services
- Processing
- Circular economy / Waste management
Type:
- Entrepreneurship Training & Funding Initiative
Who can Apply?
Applicants must:
- Be female entrepreneurs in Nigeria.
- Own or run an existing business (minimum 2 years old).
- Source materials locally where possible.
- Be willing to fully participate in training, mentorship, and pitch sessions.
How are Applicants Selected?
- Screening of applications based on eligibility.
- Participation in entrepreneurship training.
- Development of bankable business plans.
- Pitching stage to present business ideas.
- Selection of top candidates for funding support.
Which Countries Are Eligible?
- Nigeria only.
Where will the Award be Taken?
- Nigeria (MTN Foundation x BOI partnership).
How Many Awards?
- Not specified; funding pool includes ₦301 million in equipment loans and a ₦1 billion Matching Fund Model.
What is the Benefit of the Award?
- Entrepreneurship training and capacity building.
- Equipment funding loans worth over ₦301 million.
- ₦1 billion Matching Fund Model with BOI.
- Potential grant component (partial conversion after repayment).
- Mentorship and advisory support.
- Access to markets, networks, and growth opportunities.
How Long Will the Award Last?
- Structured in phases:
- Training phase (intensive entrepreneurship skills).
- Business plan development.
- Pitch stage.
- Funding and mentorship support.
How to Apply:
- Confirm eligibility (female entrepreneur, Nigerian, existing business).
- Visit the official MTN application site.
- Complete the online application form.
- Upload required documents:
- Passport photograph
- Means of identification
- Submit before April 20, 2026.