Youth Investment Fund: FG disburses over N150million to 239 young Nigerians

Youth Investment Fund: FG disburses over N150million to 239 young Nigerians

- The Buhari administration says it has disbursed N165,700,000 to 239 young Nigerians

- The government stated that those who got the funds are beneficiaries of the Nigeria Youth Investment Fund

- Some Nigerians have asked the government to publish the names of the beneficiaries for the sake of accountability and transparency

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The federal government has announced that the Nigeria Youth Investment Fund (NYIF), being implemented by the ministry of sports and youth development has successfully completed its pilot disbursement of loans totalling N165,700,000 to 239 beneficiaries.

This was revealed in a tweet by the presidency seen by Legit.ng on Wednesday, February 3.

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The government also revealed that it has processed over three million applications so far received from youths interested in the initiative.

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Youth Investment Fund: FG disburses over N150million to 239 young Nigerians

The Nigeria Youth Investment Fund is one of the initiatives of the Buhari administration. Photo credit: @MBuhari
Source: Twitter

Some Nigerians reacted to the tweet by the presidency and it was monitored by Legit.ng.

Abeeb Fajobi wrote:

“Accountability and transparency. Publish the names of 239 beneficiaries. Most of us registered we don't even get a feedback email after the completion of our registration.”

Uwakwe Amarachi wrote:

“Wow, this is absolutely incredible, it's a welcome development. Better days ahead.”

Adebanjo Taiwo wrote:

“Then why haven’t I been contacted or at least get a feedback email from the ministry of sports and youth development? What are the criteria you use to pick those that will receive the loan? It’s a shame.”

Emmanuel Okeke wrote:

“I didn't receive anything.”

Babalola Ayanfe wrote:

“Only God knows how people are selected.”

In a related development, Vice President Yemi Osinbajo (SAN) has said that the Buhari administration’s vision to lift at least 20 million Nigerians out of poverty in the next two years is now close at hand.

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Professor Osinbajo stated this on Tuesday, January 19 in Abuja during the virtual flag-off of a cash transfer scheme initiated by the federal government, adding that the programme will help the government achieve its aspiration.

Meanwhile, President Muhammadu Buhari has called on Nigerians to be fair in their criticism of his administration by looking at the situation of the country before the assumption of the All Progressives Congress-led government.

The president made the statement on Thursday, January 14 when he received a delegation from the Nigeria Christian Pilgrims Commission.

Source: Legit

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