- APC youth have commended President Muhammadu Buhari for approving the National Youth Investment Fund
- The youth described the initiative as historic, innovative and transformative
- They also commended the minister of sports and youth development, Sunday Dare for his role in the initiative
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The All Progressives Congress (APC) has commended President Muhammadu Buhari for approving the National Youth Investment Fund (NYIF).
In a statement issued by Barrister Ismaeel Ahmed on behalf of the APC and young stakeholders of the party, the youth noted that the announcement of the fund was well received by young Nigerians, in delight and in gratefulness.
Ahmed is the senior special assistant to the president on social investment and a member of the APC national caretaker committee.
He described the approval as historic, innovative and transformative, adding that the president did not flinch in making the initiative due to his passion for the development and growth of young people.
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“Indeed, what makes this approval a historic event is the simple fact that this is the first time that an administration in the history of Nigeria is committing funds specifically targeted to the development of young people,” he said.
Ahmed also commended the minister of youth and sports, Sunday Dare for being what he described as a “chief driver” of the fund.
“I am extremely thankful for his ideas which he pushed forward through the memo that gave birth to this. His passion towards matters pertaining to the welfare, empowerment and development of young people is highly commendable.
“To all the young people of Nigeria, this is a win that should be cherished, appreciated and utilized to yield the results the NYIF targets. I believe that with proper and judicious management, the set objectives will be achieved,” he stated.
The NYIF, according to the minister, will be administered as a loan facility to beneficiaries who access the fund.
The FEC on Wednesday, July 22, approved the establishment of the fund to support enterprise among Nigeria’s 68 million youth between 18 and 35.
According to Dare, the fund is meant to assist qualified candidates with genuine business ideas who can approach any of the 125 microcredit banks across the country to access it.
“This fund is meant to create a special window for accessing credit facilities and financing on the part of our youth that will help to fund their ideas, innovations and also support their enterprise.
“A fund that will cater specifically for our youth within the stipulated age bracket which is going to be between 18 and 35 years,’’ he said.
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