Minister urges youths to work toward accessing N75b Investment Fund

Minister urges youths to work toward accessing N75b Investment Fund

The Minister of Youth and Sports Development, Mr Sunday Dare, has challenged youths to come up with brilliant ideas that will enable them to access between N250,000 and N50 million of the N75 billion Nigerian Youth Investment Fund for sustainability.
   
   
   
       
       
           
               
                   

The Minister of Youth and Sports Development, Mr Sunday Dare, has challenged youths to come up with brilliant ideas that will enable them to access between N250,000 and N50 million of the N75 billion Nigerian Youth Investment Fund for sustainability.

               
           
               
                   

The information is in a statement issued by the minister’s Assistant Chief Information Officer, Mr Olatunji John in Abuja on Wednesday.

               
           
               
                   

The minister explained that youths must embrace the empowerment programmes of the ministry and prepare realistic good investment proposals “as the programme is about to be rolled out before the end of this month.”

               
           
               
                   

Dare said that President Muhammadu Buhari approved N75 billion in three years “because he believes in the dream of youths, aimed at lifting 10 million Nigerians, including youths out of poverty before 2023.”

               
           
               
                   

While urging the youths to take advantage of the opportunity, he said that prospective applicants must show clearly that they have the market, resources and manpower to access the fund.

               
           
               
                   

Dare added that the process for accessing the fund would be fair to all youths aged 18 to 35, regardless of their ethnicity or social status.

               
           
               
                   

ALSO READ: Buhari approves N75bn Nigerian Youth Investment Fund

               
           
               
                   

He said that the move became imperative “because building a youthful population that is empowered and successful, is one of the cardinal objectives of this administration.

               
           
               
                   

“For the first time, this country is investing directly in youths. So, government is taking a good risk on our youths, which it hopes will awaken their creative and genius innovative ideas.”

               
           
               
                   

The minister recalled that apart from the Federal Government investment fund, the ministry had initiated other youth-centered opportunities such as the Digital Literacy, Entrepreneurship, Employability and Leadership Skills (D.E.E.L) and Work Experience Programme (W.E.P).

               
           
               
                   

Others, he said, included the Digital Youth Nigeria (DY.ng) and Nigeria Online Youth Assembly (NOYA) programme, all carefully crafted to address unemployment and employability of youths.

               
           
               
                   

According to him, the deliberate initiatives will create entrepreneurs and leaders for mentoring in the country.

               
           
               
                   

The minister added that government, through the ministry, had introduced youths to Small and Medium Scale Enterprises to enable them to be more competitive and be gainfully employed.

               
           
               
                   

ALSO READ: Survival Fund: FG kicks-off support programme for 333,000 MSMEs

               
           
               
                   

He said “the future of our nation largely depends on our youths and we must empower them through leadership training and digital literacy, more so they are replacing the oil resources of tomorrow’s Nigeria.”

               
           
               
                   

Dare said he believed that for the nation to reach its full potential, it must leverage on the power of technology to empower the teeming youths.

               
           
               
                   

He noted that more than 30,000 youth participated in the ministry’s online and offline training in digital skills during the period of the COVID-19 lockdown.

               
           
               
                   

He explained that many youths also received competency training under the ministry’s DY.ng programme, in partnership with IBM.

               
           
               
                   

“Some of the areas of training include web development, cloud, block chain, Artificial Intelligence, Internet of Things, coding, quantum computing and others."

Source: Minister urges youths to work toward accessing N75b Investment Fund

- gist culled from pulseng