Nigeria’s Federal Executive Council sets up Youth Investment Fund

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Nigeria’s Federal Executive Council (FEC) approved the sum of N75 billion for the establishment of a Nigerian Youth Investment Fund (NYIF).

The NYIF would operate as a youth bank and will create a financial support base for innovative youths aged 18 to 35.

“This fund is meant to create a special window for accessing credit facilities and financing on the part of our youths that will help to fund their ideas, innovations, and also support their enterprise,” Sunday Dare, Minister of Youth and Sports Development, said.