N75b Youth Investment Fund ready, portal opens for applications
The application portal for the N75 Billion Nigeria Youth Investment Fund, NYIF is now officially open.
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 realization 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.
Jadesola O
Hi, I'm Jadesola and if you've been here a while, you'll know that Ekomiami has always existed without a face. That changes now. I founded this platform in Lagos in 2018, originally as a space for entertainment and celebrity news. Over time and across continents my world grew bigger and so did my curiosity. Today, Ekomiami is what it was always quietly becoming: a home for travel, food, arts, and culture, told through the eyes of someone navigating the world from a very particular vantage point. With a background in content and media production. I write and create about the places I go, the food I find, and the experiences that make travel feel like more than a holiday. You'll find me in Bordeaux wine bars, on Albanian coastlines, in English market towns, and at restaurant tables taking notes between courses. The name "Ekomiami", "Lagos to Miami" has always been about movement, ambition, and showing up somewhere new. Seven years in, I'm stepping out from behind it. Welcome to the journey, properly.
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