President Muhammadu Buhari, has been commended for the approval of N75 billion for the establishment of Nigerian Youth Investment Fund (NYIF), to take care of the country’s teeming youth.
The National Coordinator cum Chairman and Chief Excutive Officer (CEO), Center for Peace and Environmental Justice (CEPEJ), Chief Sheriff Mulade on Wednesday July 22, thanked President Buhari for approving the sum of 75 Billion Naira for the establishment of Nigerian Youth Investment Fund (NYIF) tagged Youth Bank and for the development of innovative and creative youths in Nigeria. He charged the Niger-Delta youths to take advantage of the provision.
While speaking with newsmen, Chief Mulade advised creative Nigerian youths to seize the opportunity to develop themselves and grow the nation’s economy by developing buyable proposals for growth. He told Niger-Delta youths to make themselves available, develop materials and tap into the resources in order to grow their businesses and resources.
He charged the Federal Government, Ministry of Youth and Sports Development and the team entrusted with the responsibility to manage the funds to be diligent and accountable in handling the funds. Chief Mulade also charged the office not be biased in the selection and approval of qualified youths for the provision of funds for development.
The 75 billion Niara which was approved by President Muhammadu Buhari is for the youths between the ages of 18 and 35, who have genuine business ideas for self and creative development. Those eligible are expected to develop a proposal and pitch their ideas in any of the approved 125 micro- finance banks across the country and qualified candidates would have access to the funds to grow their businesses and innovative technologies and aspects of capital development.
The establishment of the Nigeria Youth Investment Fund (NYIF) and the sum of 75 billion Naira was approved by President Buhari on Wednesday, July 22, at the Federal Executive Council FEC, meeting. The funds will be used to develop youths in Agriculture, Small and Medium Enterprises and Businesses, innovations and technological development.