FG earmarks N75bn for youths’ investment

Minister of Youths and Sports Development, Mr Sunday Dare says a total sum of seventy-five billion nairas has been approved by the federal government, for the establishment of the Nigeria Youth Investment Fund for the period of 2020 – 2023.

The fund is dedicated to investing in the innovative ideas, skills, and talents of Nigerian youths.

The minister was represented by Mr Segun Oke, Director of Procurement from the Ministry.

Dare added that the administration under the leadership of President Muhammadu Buhari took the step to advance youth development and lift 100 million Nigerians out of poverty.

Youths from the 36 states of the federation and the Federal capital territory will benefit from funds.

He disclosed this at the closing ceremony of the national digital skills development training for unemployed youths at the national youth development centre in Ode-Omu, Osun State.

He further said, “information and Communication Technologies (ICTs) are changing the world of work, creating new jobs and business opportunities, transforming labour markets and educational systems, and significantly contributing to the social and economic development of countries.”

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