FG Approves Establishment Of Nigeria Youth Investment Fund Loan Of N75B Youth Bank

Spread the love

FG Approves Establishment Of Nigeria Youth Investment Fund Loan Of N75B Youth Bank The President Buhari-led Federal Executive Council today approved the establishment of the Nigeria Youth Investment Fund (NYIF), to the tune of 75 billion naira for 3 years, following a memo presented by the Minister of Youth and Sports Development.

STATEMENT BY MINISTER OF YOUTH AND SPORTS DEVELOPMENT

The NYIF is to serve as a sort of Youth Bank that will fund and support innovative ideas. skills. talents and enterprise of the Nigerian Youth; a loan and credit pathway dedicated to enabling access to credit and soft loans. This is the very first of its kind by any Nigerian government.

By approving the establishment of the NYIF, President Buhari has demonstrated his unflinching support for the Nigerian Youth, and his implicit confidence in their innovative talents. potentials and industry.

NYIF will accelerate Nigeria’s investment in the ideas of her youth.

President Muhammadu Buhari has with this fulfilled his assertion that “it is our collective responsibility to ensure that we provide adequate resources to meet the basic needs of our teeming youth.”

Nigerian Youth thanks Mr. President.

Sunday Dare
Honorable Minister of Youth and Sports Development Abuja, Nigeria

You Can apply for Loan and be Credited Through AGSMEIS CBN Loan application

Scheme (AGSMEIS) is an initiative of the Central Bank of Nigeria where you can loan up to 10 million naira at 5% interest with absolutely no collateral.The CBN AGSMEIS Loan 2020 application is currently ongoing. Read more on how to apply for it.

With the CBN AGSMEIS Loan, you can access up to N10M at 5% per year from the Agric, Small and medium enterprise scheme (AGSMEIS), an initiative from Central Bank of Nigeria (CBN); this is without collateral.

To apply click on this Loan application portal