(Fake) National Startup Investment Fund Program


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(Fake) National Startup Investment Fund Program
Posted on: December 05, 2022, 03:30:04 AM
Nigerians have been reminded by the National Information Technology Development Agency (NITDA) to be cautious of a phoney website that requests applications and poses as the National Startup Investment Fund Programme.

According to the website, the allegedly overseeing agency for the initiative was the Federal Ministry of Industry, Trade, and Investment, collaborating with the African Development Bank (AfDB) and Bank of Industry (BoI).

The website also displayed the Nigeria Startup Act, which President Buhari had just signed, to mislead many Nigerians by portraying the 'program' as the startup fund that the Act required the government to establish.

Not from the government: While denying any affiliation between the website, its well-regarded program, and the federal government, NITDA warned Nigerians not to share personal information there. Agency Statement

The National Information Technology Development Agency (NITDA) has been alerted to the "National Startup Investment Fund Programme," a purported investment fund program from the federal government that invites individuals and startups in Nigeria to apply and is accessible at (nationalstartupinvestmentfund com)

The website claims that the federal government is not affiliated with this initiative. NITDA thus notifies the public. Additionally. NITDA reminds gullible Nigerians to only visit the official websites of governmental organizations to verify the legitimacy of any award schemes or investment fund programs. NITDA cautions the general public to avoid and refrain from disclosing personal information on this website.

President Buhari also approved the establishment of an N10 billion investment fund for young innovators, the Minister of Communications and Digital Economy, Prof. Isa Pantami, said in October while announcing the president's signature of the Nigeria Startup Act. However, NITDA claims that the fund that the bogus website claims to represent has not been established.

Below is the fake news spreading the internet

This is Fake
The National Startup Investment Fund initiative of the federal government aims to support and establish a foundation of 100,000 new enterprises by providing finance and mentoring for start-ups, established companies, and business concepts.

The program is intended to help Nigerians between the ages of 18 and 65 gain start-up capital and cultivate lifelong skills that will enable them to become leaders in their communities and competitors in both local and international markets.

The 2022 initiative aims to empower and develop a foundation of 100,000 new enterprises through financing and coaching for new and current firms and business concepts.

Requirements and how to apply

You need to meet the following requirements to be eligible for the fund program:

Any individual or early startup business in Nigeria.

Applicants must reside in Nigeria and must have a traceable government issues means of ID.

Applicant must be between the age of 18-65

This is all fake. If you saw or received any message related to the one I posted above, disregard it. The website is built to harvest your details, which will be used for their selfish interest.

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