National
FG To Support Youth-based Businesses With N110 Billion – Minister
The federal government says the Nigeria Youth Investment Fund (NYIF) has been restructured with a capital base of N110 billion to support youth-led businesses.
The minister of youth, Jamila Ibrahim, stated this in Akure on Tuesday during a town hall meeting for South-West youths.
Ms Ibrahim said since the relaunch of the NYIF, it had received over 200,000 applications in less than two weeks.
According to the minister, the programme is designed to empower youths by making it easier to obtain loans for personal and entrepreneurial use.
“It is also to enhance their financial stability and ability to contribute to the economy.