GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

ALERT: Register For FG’s N75 billion youth investment fund Here, See How

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, Jobs, World News
Reading Time: 2 mins read
N75 billion youth investment fund
30
SHARES
Advertisements

The portal for Nigerians to apply for its N75 billion youth investment fund has been opened by the federal government.

The initiative, announced by the Minister of Youth and sport development, Sunday Dare on July 22 took effect today.

The initiative – NYIF to the tune of N75 billion is being funded by the Central Bank of Nigeria (CBN).

READ ALSO

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home

5 Things To Know About the New NPower Skill-to-Wealth Program

The NYIF is dedicated to investing in the innovative ideas, skills, talents and enterprise of the Nigerian youth with the aim of turning them into entrepreneurs.

According to Dare, 500,000 youths are expected to benefit from the funding targets.

According to him, a minimum of N25 billion will be disbursed each year over the next three years, totalling N75 billion.

Dare noted that an initial sum of N12.5 billion will be needed to commence the NYIF, for the remaining part of 2020.

He added that the initiative, which is part of President Muhammadu Buhari’s plan to address unemployment in the country, will be sustained by successive governments.

“The fund aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250,000 to N50,000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%,” he said.

Mr Dare explained that they would be employing various channels to disburse the funds.

He said the channels would include micro credit organisations across the country the CBN supported by the Bank of Industry, fintech organisations and venture capital organisations registered with the CBN.

Dare further said the ministry of finance, budget and national planning and the CBN will provide the initial financing for NYIF, while youth seeking to benefit from the fund must have genuine business ideas and registered business entities.

He noted only citizens are allowed to partake, adding that they must be able to provide recognised means of identification and guarantors.

Interested applicants can access the registration portal Here

 

Source: GoldenNewsNg 

 

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Southgate backs Harry Maguire after horror show

Next Post

Nigeria Breaking News, Today, Thursday, 15th, October, 2020

Related Posts

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home Ever wondered how much a Nigerian governor...

Read more

5 Things To Know About the New NPower Skill-to-Wealth Program

5 Things To Know About the New NPower Skill-to-Wealth Program

5 Things To Know About the New NPower Skill-to-Wealth Program   The Federal Government is stepping up its empowerment initiatives...

Read more

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 14th May 2025

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025

The dollar to naira rate keeps making headlines, and if you’re here, chances are you’re looking for today’s black market...

Read more

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know Choosing to study Civil Engineering in Nigeria...

Read more

How to Become a Civil Engineer in Nigeria (2025 Guide)

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)

How to Become a Civil Engineer in Nigeria (2025 Guide) Civil engineering is one of the most respected and rewarding...

Read more

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025) Civil engineering remains one of the most respected...

Read more

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025

The dollar to naira rate keeps making headlines, and if you’re here, chances are you’re looking for today’s black market...

Read more

2025 Cut Off Mark and Admission Requirements for Mass Communication In DELSU

DELSU JAMB Subject For Mass Communication

 What is the Cut off Mark to Study Mass Communication in Delsu   Thinking about studying Mass Communication at DELSU...

Read more

2025 Cut-Off Mark and Admission Requirements for Business Administration in DELSU

2025 Cut-Off Mark and Admission Requirements for Business Administration in DELSU

Are you planning to study Business Administration at DELSU and wondering what the cut-off mark and admission requirements are? You're...

Read more

JAMB Cut Off Mark For Law in Nigeria Universities ( Update for 2025)

JAMB Cut Off Mark For Law in Nigeria Universities ( Update for 2025)

JAMB Cut Off Mark For Law in Nigeria Universities. Are you searching for the following: JAMB Cut Off Mark for Law:...

Read more
Load More
Next Post
Latest Nigerian Newspaper Headlines For Today, Monday, 18th December, 2023

Nigeria Breaking News, Today, Thursday, 15th, October, 2020

SEARCH ADS

Latest Posts

News

The Evolution and Influence of Concern and Solution Systems

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home
General Information

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home

5 Things To Know About the New NPower Skill-to-Wealth Program
Headline

5 Things To Know About the New NPower Skill-to-Wealth Program

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025
business

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 14th May 2025

News

Niger set to establish $200 CNG plant in Lambata

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know
Jamb & All Education News

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)
Education

How to Become a Civil Engineer in Nigeria (2025 Guide)

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)
Education

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025
business

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025

DELSU JAMB Subject For Mass Communication
Education

2025 Cut Off Mark and Admission Requirements for Mass Communication In DELSU

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News