Ugwumba Enterprise Challenge 2023 for Young Entrepreneurs & Innovators (N1.5 Million prize) | APPLY NOW

This informs the public about the Ugwumba Enterprise Challenge 2023 for Young Entrepreneurs & Innovators. Details about the Program are given below.

Ugwumba Enterprise Challenge 2023

About Ugwumba Enterprise Challenge 2023

According to the Nigerian Economic Summit Group (NESG), Nigeria’s unemployment rate will hit 37% in 2023. In another report, it is estimated that in Nigeria, more than 55.4% youths between the ages of 18 and 35 are currently unemployed.

These and more were the reasons why the Ugwumba Center for Leadership Development in Africa was founded in 2018 by Ugwumba Uche Nwosu with a mission to raise a new generation of leaders and entrepreneurs for Africa.

Program Details

To contribute towards the reduction of unemployment crisis ravaging the youth population in Nigeria, the Center launched the Ugwumba Enterprise Challenge, an idea pitching and grant competition for young entrepreneurs and innovators who have ideas that can be transformed into business ventures or social enterprises.

Since inception in 2018, the Center has supported the birth of over 5,000 SMEs and startups across the country and have built a community of over 20,000 young and women entrepreneurs in Africa.

The Prizes 

At the grand finale, the top 5 finalists shall again pitch their ideas and compete for the following prizes:

Star Prizes:

  • 1st Prize: 1.5 Million Naira
  • 2nd Prize: 1Million Naira
  • 3rd Prize: 700,000 Naira
  • 4th Prize: 500,000 Naira
  • 5th Prize: 300,000 Naira


Today, most beneficiaries of the startups challenge have become employers of labour, thereby helping to reduce the unemployment crisis as well as contribute to Nigeria’s overall GDP.

Ladies and gentlemen, this is to officially announce the “Call for Applications” for this year’s edition of the Ugwumba Enterprise Challenge, which is the 6th in the series. This challenge is open to every youth in Nigeria between 18 and 40 years, who has an idea that can be supported, no matter the sector.

Ugwumba Enterprise Challenge 2023 Application

For those interested in Ugwumba Enterprise Challenge 2023. Open this link to start the application process.

Application Deadline

  • The deadline for receipt of applications is 9 September 2023.

Open this link for more details about Ugwumba Enterprise Challenge 2023.

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