FG Finally Approves N75bn For Youths’ Investment
Information reaching Naija News House says that FG Finally Approves N75bn For Youths’ Investment
The Minister of Youths and Sports Development, Mr. Sunday Dare has disclosed that a total sum of N75,000,000,000.00 (Seventy-five billion naira) has been approved by the federal government, for the establishment of the Nigeria Youth Investment Fund for the period of 2020 – 2023 dedicated to investing in the innovative ideas, skills, and talents of Nigerian youths.
The minister who was represented by Mr. Segun Oke, Director of Procurement from the Ministry, added that the administration under the leadership of President Muhammadu Buhari took the step to advance youth development and lift 100 million Nigerians out of poverty.
Youths from the 36 states of the federation and the Federal capital territory will benefit from funds.
He disclosed this at the closing ceremony of the national digital skills development training for unemployed youths at the national youth development centre in Ode-Omu, Osun State.
Oke also stressed the gesture was indeed a clear demonstration of determination and commitment of all to one of the potential strategies at reducing the rate of youth unemployment, poverty, and restiveness, especially among the youth and the attendant vices plaguing our nation.
He remarked further, “information and Communication Technologies (ICTs) are changing the world of work, creating new jobs and business opportunities, transforming labour markets and educational systems, and significantly contributing to the social and economic development of countries.”
While enjoining youth to explore the opportunity created by the fund to support their business ideas, he announced that a considerable number of the youth population have benefitted and will continue to benefit from the fund. The gestures are a clear demonstration of the commitment of the government to support the acquisition of livelihood skills among the youth.”
N75bn For Youths
