YMR offers N24m business grants
File Copy: YMR Convener, Pastor Daniel Olawande
• Business grants to over 1,000 young entrepreneurs through collaboration.
In a move signalling a broadened focus beyond spiritual formation, the Young Ministers Retreat has partnered with Premium Trust Bank to provide N24m in business grants to young entrepreneurs.
In a statement, it was noted that the 2025 Young Ministers Retreat concluded at Redemption City with a landmark shift in its mission, awarding N24m (approx. $15,000+) in business grants to over 1,000 young entrepreneurs.
The statement said, “The four-day event, traditionally known for its rigorous spiritual focus on fasting and prayer, pivoted this year to address the economic realities of Nigeria’s youth through a strategic partnership with Premium Trust Bank.
“Pastor Daniel Olawande (popularly known as PDaniel), the convener and pastor in charge of RCCG Youth Province 20, described the initiative as a move to equip a ‘New Army’ that is holistically prepared for societal impact.
“While we ensure spiritual growth, we must ensure young Nigerians are financially capable of growing their businesses. This is how we contribute to the economic growth of the country. To ensure transparency, participants submitted detailed business operations for review by a jury. Prequalified candidates then entered a raffle draw.”
Mary Anu, winner of the N2m grant, expressed her gratitude to both the convener and Premium Trust Bank for the business grant, which came as a surprise but a huge boost to her business.
Meanwhile, the Executive Director of Digital and E-Business at Premium Trust Bank, Shina Atilola, oversaw the distribution, noting the bank’s commitment to supporting the next generation of Nigerian entrepreneurs.
“Now in its ninth year, YMR has grown from its 2017 inception to a global phenomenon, recording over 300,000 attendees this year. As the 2025 ‘New Army’ cohort departs, PDaniel has already set the stage for next year, announcing the 2026 theme: City Takers,” the statement concluded. Josephine Ogundeji.
