In an audacious stride, the Federal Government of Nigeria through the Federal Ministry of Youth Development has re-launched the National Youth Investment Funds to provide financial support to young entrepreneurs in Nigeria.
Thank you for reading this post, don't forget to subscribe!The goal is to create a minimum of 1 million Jobs before the end of the year through an initial seed capital of N110 billion.
One will recall that this scheme was first launched under the All Progressives Government led by the immediate past president of Nigeria, Muhamadu Buhari.
This is one of the policy directions of President Tinubu’s government to embrace continuing governance for the good people of Nigeria.
The Objectives are to improve access to finance for youths and youth-led enterprises for national development; generate much-needed employment opportunities to curb youth restiveness, encourage Out of School Children and the marginalized, reach the unemployed and underemployed youths to venture into viable sustainable income-generating projects or ventures, and to ensure participation of youths in the social economic development of Nigeria.
On the eligibility criteria, the applicant must be a Nigerian citizen aged 18 -40 years; must have a business or business idea that aligns with the fund’s objectives, possess a national identification number ( NIN), must demonstrate a willingness to contribute to Nigeria’s economic development, and must be able to provide a viable business plan.
This is one of the transformative initiatives by the Honourable Ministers Jamila Ibrahim Bio and Ayodele Olawande led Ministry of Youth Development who are steadfast in their commitment to championing the cause of every Nigerian Youth.
Young people who meet the criteria are advised to harness this opportunity to get the needed support for their business while partnering with the Government as agents of socio-economic transformation in line with the renewed hope agenda of President Bola Ahmed Tinubu.
