Lagos State Grants N30m to Young Entrepreneurs in 2026

The Lagos State Ministry of Youth and Social Development announced that it will provide N30 million in grants to 10 young entrepreneurs as part of the 2026 Amplifier Business Clinic. Permanent Secretary Toyin Oke-Osanyintolu stated that the initiative aims to engage and empower young people in Lagos, equipping them with the necessary knowledge and support to contribute to the economy.

This announcement was made during the Amplifier Business Clinic Pitch Day 2026, organized in collaboration with Pelse Consulting. Oke-Osanyintolu noted that the grant amount has increased from N20 million awarded to eight beneficiaries in the previous edition.

The program also includes mentorship for beneficiaries to guide them in utilizing the funds effectively. Boboye Adeniji Oluwafemi, Managing Partner of Pelse Consulting, mentioned that approximately 1,300 applications were received, with 568 applicants selected for further assessments.

The program focuses on teaching participants how to transform their skills into viable businesses, covering essential topics such as financial management and branding.