• About Us
  • Contact Us
Sunday, January 24, 2021
Inside Life
No Result
View All Result
  • Business
  • Entertainment & Lifestyle
  • Foreign
  • Metro
  • Politics
  • Sports
  • Tech
  • Business
  • Entertainment & Lifestyle
  • Foreign
  • Metro
  • Politics
  • Sports
  • Tech
No Result
View All Result
Inside Life
No Result
View All Result

N75 Billion Youth Investment Fund Portal Opens For Applications

Big Six by Big Six
October 14, 2020
in Business, Featured, News
0
Youth Investment Fund
0
SHARES
278
VIEWS
Share on FacebookShare on Twitter

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 youths against police brutality and demanding a total reform of the police force.

Dear Nigerian Youth,

We appreciate your recent actions against oppression and Brutality. However, while you’re fighting 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.

Youths 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 realisation 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.

Gabriel Aduda, the Permanent Secretary, Federal Ministry of Sport and Youth Development, said:

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.

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.

According to him, a minimum of N25 billion each year in the next 3 years, totalling N75 billion will be required to ring-fence the NYIF.

READ ASLO: Leadership Tussle Poses Threat To #EndSARS Movement

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.

Previous Post

Leadership Tussle Poses Threat To #EndSARS Movement

Next Post

COME LET US REASON TOGETHER: Reps Meet ASUU Over Six Months-Old-Strike

Next Post
ASUU

COME LET US REASON TOGETHER: Reps Meet ASUU Over Six Months-Old-Strike

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Nigerian Army

MORALE, LOW!!! 217 Soldiers Resign From Nigerian Army

January 22, 2021
University workers

More Worries For Students As University Workers Announce Plans To Commence Indefinite Strike

January 22, 2021
School Resumption Date

No Going Back On Resumption Date For Schools, FG Insists

January 14, 2021
Biden

Nigerian Family Gets Surprise Phone Call, Invitation From US President, Biden (Video Inside)

January 21, 2021
University workers

More Worries For Students As University Workers Announce Plans To Commence Indefinite Strike

January 22, 2021
Bitcoin

Fresh Concerns For Cryptocurrency Traders As Bitcoin Continues Sharp Fall

January 22, 2021
Nigerian Army

MORALE, LOW!!! 217 Soldiers Resign From Nigerian Army

January 22, 2021
Biden

Nigerian Family Gets Surprise Phone Call, Invitation From US President, Biden (Video Inside)

January 21, 2021
  • About Us
  • Contact Us
  • Home

© 2020 The Big Six Group

No Result
View All Result
  • About Us
  • Contact Us
  • Home

© 2020 The Big Six Group