Youth Investment Fund: Beneficiaries to be Given N250,000 – N5m – Finance Minister

- U-17 AFCON: Dosu Backs Golden Eaglets to Top Group B - February 25, 2021
- Jonathan Can Never Run Alongside El-Rufai – Omokri - February 25, 2021
- 2023: I Have no Interest in Tinubu’s Presidential Bid – Fayose - February 25, 2021
The Federal Government has said that beneficiaries of the N75bn Nigeria Youth Intervention Fund (NYIF) will be given between N250,000 to N5m.
This was disclosed by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday.
Ahmed had previously noted that the President Muhammadu Buhari administration created a youth fund of N25bn as part of measures to tackle the #EndSARS protests and other related youth agitations in the country.
The minister stated that the Federal Government would increase the fund to N75bn within a three years period.
Ahmed at a meeting with the 77 District Heads and religious leaders, at Kaduna State University on Saturday said that each youth that benefits from the fund would receive between N250,000 to N5m.
She who said the amount would be informed by the business idea, proposal and repayment plan for each benefitting youth, added that interest-free loan would be repayable within a period of five years.
Ahmed urged religious and traditional leaders to educate parents at grassroot on the importance of inculcating family virtues in their children.
She said, “We need to remind ourselves that our children need to be upright and that this criminality going on a daily basis is not for their benefits and the benefit of the state and country.”
This post was written by Nwolu Obiajulu.
The views expressed here belong to the author and do not necessarily reflect our views and opinions.
Leave a Reply
#Popular in this month
Most Popular
-
1Nigeria: Underage Voters are Registered Because Registration Officers’ Lives are Threatened – INEC
-
2Nigerian Government Approves Phased reopening of Schools
-
3Sack Service Chiefs Now, Norther Elders ask Buhari
-
4CBN’s Targeted Credit Facility for Covid-19 – Fraud or Incompetence?
-
5Nigeria Secures $288.5m African Development Bank Loan
-
6South Africa: Girl School’s Naked Cultural Performance Sparks Outrage
-
7Security: Family and Friends Mourn as Father of Two is Killed by a Stray Bullet in Lagos
Adsterra
More News...
-
Fireboy Bags Five Awards at 2021 Headies Awards (S...
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
I Didn’t Plan to Have Kids out of Wedlock – Flavou...
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
NIN Mandatory for Bank Account Opening, Voter Regi...
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
NIN Compulsory for Bank Accounts, Voter Registrati...
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
Plans Underway to Replace BVN with NIN – FG
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
MTN Expands NIN Enrolment Capabilities
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
99% of Citizens Data Insured, Protected Says FG
About Latest Posts Nwolu ObiajuluObiajulu... read more »
Your comment?