What financial access will graduates get for business ventures?

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Graduates to Receive Facilitated Access to Business Financing

The government will facilitate access to financing for graduates intending to start businesses, a move that includes leveraging the National Entrepreneurial Group Economic Fund (TEKUN). This initiative aims to support young entrepreneurs by potentially revising the current requirement for applicants to possess a prior business track record before being eligible for funding.
Access through TEKUN to be Facilitated

Graduates seeking to establish their own businesses will benefit from government efforts to streamline their access to crucial financial resources. This facilitation will specifically involve pathways through the National Entrepreneurial Group Economic Fund (TEKUN), a key government agency dedicated to supporting entrepreneurial activities.
Review of Business Track Record Requirement

A significant aspect of this initiative is the proposed review of the existing prerequisite for business financing. Currently, applicants are typically required to demonstrate a proven track record in business operations. This requirement is being re-evaluated in recognition of evolving economic landscapes and shifting employment trends that may present challenges for new graduates.
Commitment to Youth Entrepreneurship

The government has indicated a commitment to supporting young people venturing into entrepreneurship. By addressing potential barriers to financing, such as the business track record requirement, the aim is to empower graduates with the necessary capital to launch and grow their business ventures. The Prime Minister stated that if the government has the capacity, it will strive to provide the best support for the youth.

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What financial access will graduates get for business ventures?

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