The Federal Executive Council, FEC, has approved the establishment of a Nigerian youth investment fund for N75 billion.
The ‘youth bank’ is created to support youth enterprise among Nigeria’s 68 million youth between ages of 18 and 35.
The Minister of Youths and Sports, Sunday Dare, disclosed this to State House Correspondents at the end of the 8th virtual FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa Abuja on Wednesday.
According to him, youths within this age group with genuine business ideas are to pitch their ideas in any of the 125 micro credit banks across the country and qualified candidates will have access to the funds.
Dare assured that just as the N-power programme, the process is digital and will be fair to all youths aged 18 – 35 regardless of their ethnicity or social status.
(Editor: Nkoli Omhoudu)