The Nation Newspaper FEC approves 2% quota appointments for youths
The Federal Executive Council has approved two initiatives aimed at fostering greater inclusion and development opportunities for the youth population.at the State House, Minister of Youth and Sports Development Dr Jemila Ibrahim-Bio also announced that FEC approved the restructuring of the Nigerian Youth Investment Fund with additional provision for it.
“I’m delighted to brief the gentleman and women of the press that we have received Council’s approval to institutionalise a 2% youth quota, a third percent representation of young people in all government appointments and an equitable young women representation inclusive of this 30%,” she said. Recognising the potential of this initiative, the administration has commissioned a technical committee to review and restructure the fund, leading to the establishment of the Nigerian Youth Fund through a legal framework.
Additionally, she said the fund will offer increased obligor limits, moratoriums, and extended loan tenures, allowing young businesses to incubate and reach profitability.
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