This is to inform the general public that the federal government under the leadership of Muhammadu Buhari has on Wednesday approved the establishment of a youth investment fund of N75billion.
The fund is meant to support businesses owned by Nigerian youths between the age of 18 and 35 years.
The announcement was made at the end of Federal Executive Council meeting (FEC) presided over by President Buhari on Wednesday.
The Minister of Youths and Sports, Sunday Dare announced this while briefing the State House Correspondents on the out come of the meeting.
According to the minister, the investment fund is “Youth Bank” which is meant to assist Nigerian youth with genuine business ideas.
Below are his words;
“The Federal Ministry of Finance, Budget and National Planning will take the lead when it comes to the aspect of financing, working with the Central Bank of Nigeria (CBN), the Ministry of Youth and Sports Development and other relevant MDAs.
“A couple of other details will be released later, but I think the most important thing is that the N75 billion Nigerian Youth Investment Fund, to cater specifically for this target group, a population of over 68 million, got the attention and support of the Federal Executive Council today.
“This fund will be assessed by our youths, once they are able to present their ideas, they can assess this fund directly”.
How to register for N75bn Nigerian Youths Investment Fund
According to the Minister of Youths and Sports, Sunday Dare, qualified youths can access the fund from any ‘Micro credit bank’ across the country. So, to register as a beneficiary, walk in to any micro credit bank nearest to you to access the fund.