The Federal Executive Council FEC has approved the establishment of a 75 billion naira Nigerian Youth Investment Fund, which is aimed at helping Nigerian entrepreneurs.
This was disclosed by the Minister of Youths and Sports, Sunday Dare while speaking to State House reporters in Abuja.
The decision was made during the meeting which lasted over eight hours and was chaired by President Buhari. According to the Minister, The Nigerian Youth Fund is created to support youth enterprise among Nigeria’s 68 million youth between ages of 18 and 35 with genuine business ideas. Read also: 774,000 Jobs: FG Kicks Off Programme Nationwide
Sunday Dare noted that the Nigerians within the said range are to pitch their business ideas in any of the 125 micro credit banks across the country and qualified candidates will have access to the funds. He then assured that just as the N-power programme, the process is digital and will be fair to all youth aged 18 – 35 regardless of their ethnicity or social status.