FEC approves N75bn youth investment fund
The NYIF, also tagged ‘the Youth Bank’, would create a finance support base for creativity and innovation of Nigerian youths within the age range of 18 and 35 years.
He said the modality would entail those between the ages of 18 and 35 years and who have genuine business ideas would be eligible to pitch their ideas in any of the 125 micro-credit banks across the country and qualified candidates would have access to the funds. “The second approval that secured was for the Ministry of Youth and Sports Development to play a lead role in working on necessary steps that need to be taken in terms of legislation, organisation and other aspects of financing.
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