The Minister for Youths and Sports Development, Sunday Dare has said the newly established Nigerian Youth Investment Fund (NYIF) will lessen restiveness and unemployment among youths.
Dare who spoke at the weekend when a group of APC youth leaders visited the ministry in Abuja, showered encomiums on the minister for securing Federal Executive Council’s (FEC’s) approval for the establishment of the fund.
Dare explained that the fund would provide succour and showcase ideas, skills, talents, enterprise among Nigerian youths.
The minister said it would also turn them into entrepreneurs, wealth creators, and employers as well as lead to national development.
He also noted that President Muhammadu Buhari’s approval of the fund showed his belief that the youths are the nation’s greatest assets and that they deserve collective support to realize their great potentials.
“The NYIF joins the slew of youth-focused programmes already in place by the Buhari-led Federal Government, as part of a national plan to combat youth unemployment and drive innovation, fuel entrepreneurship as well as support youths’ small and medium enterprises (SMEs).
“NYIF provides a single-window of an investment fund for the youth, thereby creating a common bucket for all Nigerian youths to access government support.”
“Providing 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 youths out of poverty and birth a whole generation of entrepreneurs,” he said.
The NYCN hailed President Buhari for approving the N75 billion for the programme.
On their parts, the youth council praised Dare, saying the fund would enhance creativity among youths while promoting economic growth and development in the country.
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