The Youth Economic Intervention and De-Radicalization Programme (YEIDEP) has officially announced the postponement of its business grants disbursement to Batch A applicants, which was earlier scheduled to begin on October 20, 2025.
According to a statement released by the programme’s Coordinator-General, Comrade Kennedy Iyere, the delay became necessary due to complexities in ensuring that the disbursement process remains transparent, accountable, and accurate. He stated that the team is working to guarantee that every applicant receives their benefits without irregularities.
Comrade Iyere also used the opportunity to caution applicants and the general public against the spread of fake news on social media platforms claiming that the disbursement has already started. He warned that internet fraudsters are circulating false information to deceive and extort money from unsuspecting individuals.
“We warn and caution all our registered applicants and potential beneficiaries to ignore the fake news which have flooded different social media platforms falsely reporting that YEIDEP’s business grants disbursement has taken effect. Internet fraudsters are the ones peddling these fake news, in their desperate attempt to misinform innocent Nigerians, and make them to become gullible to their tricks of financial extortion,” he stated.
He further added that every benefit or gain related to the programme is completely free of charge, and urged the public to remain vigilant. “Please be conscious not to allow anyone to deceive you. Every benefit or gain relating to YEIDEP is offered free-of-charge. We therefore advise everyone to be well guided, and be smart enough to ignore criminal elements who may want to extort money from the public by peddling fake news to aid their criminal ambitions,” Iyere said.
YEIDEP reassured applicants that a new date for the disbursement of the Batch A business grants will be communicated through verified media channels once the process is finalized.
Meanwhile, the programme has confirmed that the registration portal will reopen on Monday, October 27, 2025, for Batch B recruitment. “We are also delighted to announce to the general public via this medium that the registration portal will be re-opened on Monday 27th October, 2025 for the Batch B recruitment,” the statement read.
Previously, Nigeriastartupact.ng reported that social media, especially Facebook, has since been flooded with fake YEIDEP payment screenshots meant to mislead applicants. YEIDEP is now advising candidates to ignore such claims as payment updates will be communicated officially.