- President Muhammadu Buhari has been commended by a lawmaker for approving the establishment of youth investment fund
- A lawmaker in the House of Representatives, Muda Lawal, also commended the minister of sports and youth development
- According to the lawmaker, President Buhari's action is an indication that Nigeria has an executive that listens to the plight of the people
A member of the House of Representatives, Muda Lawal, has commended President Muhammadu Buhari and the minister of sports and youth development, Sunday Dare, on the establishment of Nigerian Youth Investment Fund.
Lawal said the initiative by the federal government is an indication that everything which concerns Nigerian youth is a priority to the president.
Lawal who represents Toro federal constituency of Bauchi state said the newly established initiative is worthy of emulation across all sectors of the nation's economy.
The lawmaker, a devote youth advocate who had sponsored a motion at the lower chamber called for a declaration of a state of emergency on youth development in Nigeria.
He said the swift move by the president and the minister makes it clear that the executive arm understands that devising means of addressing the socio-economic factors bedevilling youths in the country is important.
"Establishing the Nigerian Youth Investment Fund goes a long way to show that the president is sensitive to the plights of the youths in Nigeria and is willing to address them," Lawal said.
In a statement issued on Monday, July 27, Lawal said no meaningful economic development can be achieved in any given society if various economic factors militating against the youths are not addressed.
Further speaking on the newly established investment fund, the lawmaker said the action taken by the president shows that the country has an executive that listens to the plight of the people.
He said the prevalence of such challenges is the root cause of insecurity and other social vices in the country.
"The establishment of the Youth Investment Fund by Mr President is a huge step in the right direction," Lawal said.
The lawmaker also said that the major constraint of the youths in Nigeria is unemployment and unavailability of funds to start up private businesses.
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Meanwhile, Legit.ng previously reported that President Buhari had approved the establishment of N75 billion Nigerian Youth Investment Fund.
The president made the approval on Wednesday, July 22, at the Federal Executive Council meeting in Abuja.
The investment fund project is aimed at supporting the 68 million Nigerian youth between the age of 18 and 35 across all states of the country.
The project will also assist qualified candidates with genuine business ideas to approach any of the 125 microcredit banks across the country to access the fund.
This is also the first time the country will have a youth bank which will cater to the needs and development of the target group.
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