• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Customs Partners US Mission to Prevent Expanded Visa Ban

      Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

      Bashir Adewale Adeniyi Customs Boss

      How Customs is Tightening Borders to Stop Illicit Cash Flows –…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

  • National
    • Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

      CG Customs Bashir Adewale Adeniyi

      NIPR Hails customs Boss’ Tenure Extension as Evidence of Transformational Leadership

      Comptroller General Customs Bashir Adewale and his staffs with the representatives of the European Union, the German Embassy

      Customs Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership

      University of Maiduguri

      UNIMAID Mass Comm becomes Faculty of Communication and Media Studies

    • Government
      • Northern leaders at Arewa Summit

        Northern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa…

        Saidu Ahmed Alkali,

        Kaduna-Kano Light Rail Underway as FG Targets ₦70bn Investment

        Beyond Hoes and Sticks: The Power of Education for Peace in…

        National Blood Service Agency

        FG Pledges Stronger Support for Blood Services, Seeks Scalable Interventions from…

        Tinubu’s Government Unveils Multi-Sectoral Initiatives to Boost Northern Region’s Development

  • Security
    • Nigerian Navy

      Navy to Establish  Base in Kebbi to Tackle Inland Waterway Crimes

      Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, receiving the land document from Governor Pastor Umo Bassey Eno in Akwa Ibom

      Akwa Ibom Boosts National Security with Land Donation for Nigerian Air…

      Military Troops in Action

      Army Troops, DSS Nab Arms Trafficker in Taraba, Recover Ammunition, Cash

      Inspector-General of Police Kayode Adeolu Egbetokun

      IG Reaffirms Commitment to Tackling Oil Theft, Upholding Human Rights

  • Features
    • Okello Oculi

      Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo…

      Leon Usigbe

      Death, you can’t be Proud of this By Abdulrahman Abdulraheem 

      Tinubu’s Plateau Gambit – Yilwatda, 2027, and the Return of the…

      Ozumi and a recipient of a wheelchair

      Wheels of Hope: How a Simple Gift is Reshaping Lives at…

      Late Ex-President Muhammadu Buhari and Mansur Liman

      “Buhari: A Blunt, Honest Leader Who Laughed at His Own Predicament”

  • State
    • Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, receiving the land document from Governor Pastor Umo Bassey Eno in Akwa Ibom

      Akwa Ibom Boosts National Security with Land Donation for Nigerian Air…

      Nigerian Army

      Army Denies Allegations of Misconduct in Imo Community

      Military Troops in Action

      Troops Repel Bandit Attacks in Katsina, Plateau, Recover Rustled Cattle, Sustain…

      Nigerian Navy Personnel

      Navy Destroys 10 Illegal Refineries in Niger Delta

  • Event
    • Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

      Comptroller General Customs Bashir Adewale and his staffs with the representatives of the European Union, the German Embassy

      Customs Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership

      University of Maiduguri

      UNIMAID Mass Comm becomes Faculty of Communication and Media Studies

      CG Customs Bashir Adewale Adeniyi

      Tinubu’s Extension of Customs CG Bashir Adeniyi’s Tenure Draws Widespread Praise…

      Northern leaders at Arewa Summit

      Northern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa…

    • PR Nigeria Award
  • E-Paper
Home Government Buhari Approves N75b for NigerianYouth Investment Fund
  • Government

Buhari Approves N75b for NigerianYouth Investment Fund

By
Tunji John
-
July 23, 2020
 Buhari Approves N75b for NigerianYouth Investment Fund
In a move that underscores his absolute confidence in the innovative skills, talents and industry of the Nigerian youth, President Muhammadu Buhari on Wednesday led the Federal Executive Council to approve the establishment of the Nigeria Youth Investment Fund (NYIF) to the tune of 75 billion naira for 3 years.
The Nigeria Youth Investment Fund (NYIF) is for innovative ideas, skills and talents of Nigerian Youth and to provide a special window for accessing funds, finances, business management skills and other inputs critical for sustainable enterprise.
The establishment of the Fund followed the approval of a memo by the Minister of Youth and Sports Development, Mr Sunday Dare.
The Minister had told Council that “Nigeria can make one quantum leap to dramatically increase its GDP and per capita realities.  This can only happen if the country begins to invest in the youth through the establishment of a specialized fund that provides accommodating pathways to accessing credit, grants and needed funds for entrepreneurship.”
The Council also directed the Ministry of Youth and Sports Development to immediately commence the process of operationalization and possible legislation of the NYIF in collaboration with relevant MDAs.
The Federal Executive Council has by the approval directed the Ministry of Finance, Budget and National Planning as well as the Central Bank of Nigeria to source for the required funds to kick start the NYIF.
The first of its kind by any Nigerian government, 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; a loan and credit pathway dedicated to assessing credit and soft loans.
Mr Dare said, “By approving the establishment of the NYIF, President Buhari has demonstrated his unflinching support for the Nigerian Youth and his implicit confidence in their innovative talents, potentials, industry. NYIF will accelerate Nigeria’s  investment in the ideas of her youth.”
While thanking the president on behalf of the Nigerian youth, the Minister noted that President Buhari has fufilled his assertion that “it is our collective responsibility to ensure that we provide adequate resources to meet the basic needs of our teeming youth”.
Media office
Hon. Minister.
Youth and Sports. Devpt.
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • 75b
  • buhari
  • Nigeria Youth Investment Fund
Previous articleNASS Considers Bill for Autonomy of State Legislature, Judiciary
Next articleSocial Protection: FG collaborates Foundation to Eradicate Poverty
Tunji John
Tunji John
Xing

RELATED ARTICLESMORE FROM AUTHOR

Northern leaders at Arewa Summit

Northern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa Summit in Kaduna

Saidu Ahmed Alkali,

Kaduna-Kano Light Rail Underway as FG Targets ₦70bn Investment

Beyond Hoes and Sticks: The Power of Education for Peace in Arewa

National Blood Service Agency

FG Pledges Stronger Support for Blood Services, Seeks Scalable Interventions from NBSA

Tinubu’s Government Unveils Multi-Sectoral Initiatives to Boost Northern Region’s Development

Minister of State for Agriculture, Dr Aliyu S. Abdullahi,

FG Redesigns Agricultural Curriculum to Empower Youth

Prof. Attahiru Jega, Co-Chairman of the Presidential Committee on Livestock Reforms,

FG Unveils Livestock Blueprint to End Herdsmen-Farmers Crisis

Saidu Ahmed Alkali,

FG Completes 135 Roads, Launches 216 New Projects in Northern Nigeria

Troops Neutralise 6 Terrorists in Coordinated Operations Across Borno, Recover Firearms

nipr logo

NIPR Slams Fake News Peddlers over Alleged Lafia Flyover Collapse

Tinubu Offers Automatic Jobs, Gifts N250k to 210 Ex-Corpers

Alhaji Ahmed Maiyaki, Commissioner of Information, Kaduna State

Kaduna Governor Appoints Strategic Communicator, Ahmed Maiyaki as Information Commissioner

Recent Posts

  • Navy to Establish  Base in Kebbi to Tackle Inland Waterway Crimes
  • Army Commander’s Compassion Keeps 100 Students in School in Zamfara
  • Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program
  • NIPR Hails customs Boss’ Tenure Extension as Evidence of Transformational Leadership
  • Akwa Ibom Boosts National Security with Land Donation for Nigerian Air Force Base
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Navy to Establish  Base in Kebbi to Tackle Inland Waterway CrimesArmy Commander's Compassion Keeps 100 Students in School in ZamfaraSam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ's Education ProgramNIPR Hails customs Boss' Tenure Extension as Evidence of Transformational LeadershipAkwa Ibom Boosts National Security with Land Donation for Nigerian Air Force BaseCustoms Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ PartnershipUNIMAID Mass Comm becomes Faculty of Communication and Media StudiesTinubu’s Extension of Customs CG Bashir Adeniyi’s Tenure Draws Widespread Praise and ReactionsArmy Troops, DSS Nab Arms Trafficker in Taraba, Recover Ammunition, CashIG Reaffirms Commitment to Tackling Oil Theft, Upholding Human RightsNorthern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa Summit in KadunaArmy Denies Allegations of Misconduct in Imo CommunityTroops Repel Bandit Attacks in Katsina, Plateau, Recover Rustled Cattle, Sustain CasualtiesNavy Destroys 10 Illegal Refineries in Niger DeltaJUST IN: Tinubu Extends Tenure of Customs CG Bashir Adeniyi
X whatsapp