FG approves N75bn youth investment fund

FG approves N75bn youth investment fundThe Federal Government has approved the establishment of a N75bn youth investment fund.

The decision was taken at the virtual meeting of the Federal Executive Council presided over by the President,  Major General Muhammadu Buhari (retd.), on Wednesday.

The Minister of Youths and Sports, Sunday Dare, disclosed this to State House Correspondents at the end of the council’s meeting.

The minister said the fund, which he described as “youth bank” was to support youth enterprise among Nigeria’s 68 million youths between ages of 18 and 35.

“The best way to call it is that for the first time, the country will have a youth bank. A fund that will cater specifically for our youths within the stipulated age band, which is going to be between 18 and 35 years.”