L-R: Dr. Etinosa Imagbenikaro; Barrister Ismaeel Ahmed; Mr. Sunday Dare, Youth and Sports Development Minister; PS, FMYSD Mr. Gabriel Aduda; and Brigadier General Ibrahim Shuaibu, Director-General of NYSC, in Abuja, FCT. Credit: FMYSD

N75bn Youth Investment Fund to empower young Nigerians, says Minister

*Newly-established Nigerian Youth Investment Fund will reduce youth restiveness, unemployment ─Sunday Dare, Minister for Youth and Sports

Alexander Davis | ConsumerConnect

As part of Nigeria’s quest to empower its teeming young population to drive innovations for national economic advancement, Mr. Sunday Dare, Honourable Minister for Youth and Sports Development, has said that the newly established Nigerian Youth Investment Fund (NYIF) will reduce youth restiveness and unemployment in the country.

Mr. Dare disclosed at the time a group of All Progressives Congress (APC) youth leaders visited to commend him for securing Federal Executive Council’s (FEC) approval for the establishment for the Fund Friday, July 24, in Abuja, FCT.

The Minister explained that NYIF would provide succour and bring to the fore ideas, skills, talents enterprise of youths, turning them into entrepreneurs, wealth creators and employers in the quest for national development, reports The Nation.

President Muhammadu Buhari’s approval of NYIF further attests to his staunch belief youths are the greatest assets of Nigeria, Dare stated.

The Minister said: “NYIF provides a single window of investment Fund for the Youth thereby creating a common bucket for all Nigerian youth to access Government support.

“Providing a less cumbersome access to credit and finance for the average Nigerian youth with an approved work plan or business idea will help lift thousands of youth out of poverty and birth a whole generation of entrepreneurs.’’

The Minister for Youths and Sports, while commending President Buhari and the FEC members for their unflinching support, stated that the Fund demonstrates commitment of the Buhari administration to ensuring the dreams and ideas of our innovative youths become a reality.

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