The Federal Government has said it received 80,000 applications within 72 hours of opening the portal for the re-launched N110 billion National Youth Investment Fund (NYIF).
The government said the overwhelming response underscored the strong enthusiasm and interest among Nigerian youths in accessing the fund to support their entrepreneurial and innovative endeavours.
The Minister of Youth Development, Dr. Jamila Bio-Ibrahim, announced this at a town hall meeting with Northcentral stakeholders yesterday in Abuja.
In a statement by the ministry’s Director of Information and Public Relations, Omolara Esan, the minister said the ministry was encouraged by the response and remained committed to ensuring a fair and transparent selection process to support the most deserving and impactful projects.
She said: “The NYIF will create focused financing and funding mechanisms for youth-enabled businesses and innovations to keep our youths gainfully engaged in productive ventures. “To maximise impact, the programme has been restructured to focus on existing high-potential businesses and create strategic clusters that will generate up to two million direct and indirect jobs in three years.”
Bio-Ibrahim said President Bola Tinubu’s administration placed great importance on forming strategic partnerships and fostering collaborative efforts as essential components for successfully achieving the outlined goals.
The Chairman of National Youth Council of Nigeria, Sukubo Sara-Igbe Sukubo, hailed the President for his steadfast commitment to enhancing the well-being of Nigerian youths.
