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WAKANDA NATION

Members: 88,616. Date: 28-02-2021

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DP

Breaking: N75b Youth Investment Fund ready, portal opens for applications

By Wakanda45 • 5 months ago • 387 • 44
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The application portal for the N75 Billion Nigeria Youth Investment Fund, NYIF is now officially open.

VDO.AI

The Fund announced the take-off of the fund today, even as the youth are busy waging a campaign to end SARS and SWAT.

“Dear Nigerian Youth,

“We appreciate your recent actions against oppression and Brutality. However, while you’re figting for the right course, Do not forget that Registration for the Nigerian Youth Investment fund which ₦75Bn was awarded to is ongoing.

“Kindly Register that your business or idea to get it funded by the CBN as we push to make a positive impact on our economy through your youthful strength and energy”.

Youth with business ideas that require funding can apply for the fund through the following link:

https://nyif.nmfb.com.ng/Applicants/New

President Buhari and the Federal Executive Council approved the fund to help the realisation of business ideas of Nigeria’s teeming youthful population.

It is dedicated to investing in the innovative ideas, skills, talents and enterprise of the Nigerian Youth and aimed at turning them into Entrepreneurs, Wealth Creators and Employers of labour contributing to national development.

In approving the fund, Buhari considered Nigerian youth as resource to be harnessed and not a problem.

“The Fund will serve as a catalyst to unleash the potential of the youth and enable many of them build businesses that will employ and in turn empower others”, said Gabriel Aduda, the Permanent Secretary, Federal Ministry of Sport and Youth Development.

“A multiplier effect of economic expansion and growth required to thrive in an increasingly competitive and connected world where adding value is the only sustainable pathway to success is expected to be achieved,” Aduda said in the preliminary information about the fund.

According to him, a minimum of N25 billion each year in the next 3 years, totalling N75Billion will be required to ring fence the NYIF.

“For the remaining part of 2020 an initial sum of N12.5 billion will be needed to kick start the NYIF. It is expected that successive governments will keep the Fund, akin to a Youth Bank, alive.


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Related Post viewed by other
44 Replies | Last update 2 weeks ago | Last comment kifodu
  • ladyfo ladyfo 5 months ago

    Good one

  • kifodu kifodu 2 weeks ago

    Good

  • mario247 mario247 5 months ago

    Is a good development and I hope the federal government will do the needful by doing it accordingly. 

  • opeyemimatthew opeyemimatthew 5 months ago

    Cool

  • josephadewale josephadewale 5 months ago

    Okay, let's see the reality first

  • joseph2002 joseph2002 5 months ago

    Wonderful

  • musa0002 musa0002 3 months ago

    Good 

  • musa0002 musa0002 3 months ago

    Great 

  • honbams honbams 5 months ago

    The site no dey open

  • samkay01 samkay01 5 months ago

    Hmmm I really hope so 

     

  • emmanuelojugbo emmanuelojugbo 5 months ago

    This administration and 'funds' we still haven't heard the last of N-Power

  • sylvesterjm sylvesterjm 5 months ago

    Sha we are waiting for the funds

  • solanke19 solanke19 5 months ago

    Hmhm sure?

  • metajnr metajnr 5 months ago

    Hmmm

  • sirchicks sirchicks 5 months ago

    let them see it through

  • udof udof 4 months ago

    Make I dey observe them from a distance 

  • winsome winsome 4 months ago

    A great development 

  • zainee20 zainee20 5 months ago

    Weldon

  • ezediaro ezediaro 4 months ago

    ok

  • peacechiamaka peacechiamaka 4 months ago

    Hope is real

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