FG Approved The Establishment Of The Nigeria Youth Investment Funds

By Musa Sunusi Ahmad

The Federal Executive Council today approved the establishment of the Nigeria Youth Investment Fund (NYIF) to the tune of 75 billion naira for 3 years.

According to the minister of youth and sports, Mr Sunday Dare who presented the memo to FEC, the NYIF is to serve as a sort of youth bank that will fund and support the innovative ideas, skills, talents and enterprise of the Nigerian youth.

The first of it’s kind youth investment fund by any Nigerian government is also a loan and credit pathway dedicated to assessing credit and soft loans.

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