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FG Approves N75b for youth Investment fund

Minister or Sport and Youth Development, Sunday Dare

Federal Government, today, approved the establishment of the Nigeria Youth Investment Fund (NYIF).

The Minister of Youth and Sport development disclosed to the press. He said.

“The President Buhari led Federal Executive Council today approved the establishment of the Nigeria Youth Investment Fund (NYIF), to the tune of 75 billion naira for 3 years.

According to the Minster, “The NYIF is to serve as a sort of Youth Bank that will fund and support the innovative ideas, skills, talents and enterprise of the Nigerian Youth. A loan and credit pathway dedicated to assessing credit and soft loans. This is the very first of its kind by any Nigerian government

He added; “By approving the establishment of the NYIF, President Buhari has demonstrated his unflinching support for the Nigerian Youth and his implicit confidence in their innovative talents, potentials, industry. NYIF will accelerate Nigeria’s investment in the ideas of her youth

President Muhammadu Buhari has fufilled his assertion that “ … it is our collective responsibility to ensure that we provide adequate resources to meet the basic needs of our teeming youth The establishment of the NYIF is a fufilment.” He said.

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