FEC Approves N75bn Youth Investment Fund

Zainab Sanni

The Federal Executive Council (FEC) has approved the establishment of a Nigerian youth investment fund.

The ‘youth bank’ worth N75 billion is expected to support youth enterprise among Nigeria’s 68 million youth between ages of 18 and 35.

The Minister of Youths and Sports, Sunday Dare stated this to State House Correspondents.

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“Youths 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,” he said.

Dare assured that just as the N-power programme, the process is digital and will be fair to all youth aged 18 – 35 regardless of their ethnicity or social status.