Nigerian govt approves N110bn capital for youth investment

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The minister said the approval is for startups and early growth stage businesses via restructured Nigeria Youth Investment Fund ( NYIF).

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Ms Bio-Ibrahim said this in Abuja on Thursday at the ministerial sectoral update of the present administration. “We have approval for the establishment of the Presidential Initiative on Youth Clusters in agriculture, manufacturing and ICT. It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.She noted that the mandate of the ministry is to formulate, implement, monitor and evaluate policies and programmes that promote youth development, empowerment and wealth creation.

Ms Bio-Ibrahim said the ministry had concluded plans to do data harmonisation, analytics, performance management and predictive analytics for prioritisation.“We will also have media activation to leverage online, social, and visual channels for sustained communication and reorientation,” she said.

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