FG to Disburse $2.5Bn YEIDEP Fund: New Date Announced As Youths Are Warned Against Scammers
- The Nigerian Federal Government has announced a new date to begin the disbursement of the $2.5 billion YEIDEP fund
- The news follows a warning from the government against fraudsters who claimed the disbursement had commenced
- The coordinators disclosed that the portal for the disbursement of the fund would open on Monday, October 27, 2025
Pascal Oparada, a reporter for Legit.ng, has over ten years of experience covering technology, energy, stocks, investment, and the economy.
Hope is rising again for millions of Nigerian youths as the Federal Government announced a new date to begin the disbursement of the much-anticipated $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
However, the excitement has also come with a strong warning from the government to beware of scammers.
Source: Facebook
New date for YEIDEP to be announced
According to Kennedy Iyere, Coordinator-General of YEIDEP, the programme’s initial disbursement date of October 20, 2025, has been postponed to allow for a more transparent, accountable, and accurate process.
He assured applicants that the delay was in the best interest of beneficiaries and said the government was working to ensure that no deserving youth was left out or shortchanged.
“We are committed to ensuring a transparent process. A new date for the fund’s disbursement will be announced soon through official media platforms,” Iyere said.
Fake news alert: Scammers target YEIDEP applicants
The programme’s management has raised the alarm over rampant fake news circulating on social media, falsely claiming that the disbursement has already begun.
Iyere warned that internet fraudsters were exploiting the hopes of desperate youths, asking them to pay fees or provide personal details to access supposed grants.
“Please be conscious not to allow anyone to deceive you,” he cautioned. “Every benefit or gain relating to YEIDEP is offered free of charge. Ignore anyone demanding payment or claiming early access.”
The agency reiterated that all verified updates would be communicated only through official channels, including YouTube, Facebook, and verified social media pages.
YEIDEP portal reopens for batch B applicants
In a positive development, YEIDEP also announced that its registration portal would reopen on Monday, October 27, 2025, for Batch B applicants.
This move offers fresh opportunities for Nigerian youths who missed the first phase to apply and benefit from the life-changing economic empowerment programme.
According to a report by BusinessDay, Iyere reaffirmed the government’s commitment to youth inclusion, noting that every registered member would eventually receive their entitled support.
“We remain dedicated to the successful implementation of YEIDEP,” he said. “Our goal is to empower Nigerian youths, reduce unemployment, and promote peace through economic engagement.”
YEIDEP: A lifeline for Nigerian youths
The $2.5 billion YEIDEP fund represents one of the largest youth-targeted interventions in Nigeria’s history.
It is designed to empower young entrepreneurs, support innovation, and curb youth radicalisation through meaningful economic participation.
While the wait for disbursement continues, authorities urged all applicants to stay patient, alert, and vigilant, and to trust only verified government announcements.
“The promise is real,” Iyere concluded. “The government is ready to deliver, but only through the right channels.”
Source: Twitter
“The promise is real,” Iyere concluded. “The government is ready to deliver, but only through the right channels.”
The development comes a week after the Nigerian government launched 12-month paid internship scheme for youths.
The scheme is aimed at providing mentorship, resources and monthly stipend of N150,000 for one year.
FG launches 12-month internship scheme
Legit.ng earlier reported that in a major push to tackle youth unemployment and enhance national productivity, the Federal Government of Nigeria had launched the Nigeria Jubilee Fellows Programme (NJFP), a 12-month paid internship that connects graduates to real-world experience in reputable organisations.
Deputy Chief of Staff to the President, Ibrahim Hadeja, announced the initiative during a press briefing in Abuja, describing it as a key pillar of President Tinubu’s Renewed Hope Agenda and part of the administration’s plan to empower young Nigerians, bridge the unemployment gap, and build a stronger economy.
Source: Legit.ng
