Cbn Releases Framework For N75bn Youth İnvestment Fund

Cbn Releases Framework For N75bn Youth İnvestment Fund

CBN releases framework for N75bn youth investment fund

CBN Releases Framework For N75bn Youth Investment Fund

10/29/2020 3:40:00 PM

CBN Releases Framework For N75bn Youth Investment Fund

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a stateme

12:17:51 PM.The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF).CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectively respond to the challenge of youth employment in Nigeria.

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MTN Nigeria Posts N975.8bn Revenue For Q3The Fund, an initiative of the Ministry of Youth and Sports Development, is to be managed by NISRAL Microfinance Bank.It stated that the major objective of the plan was to address fragmentation of youths initiatives that prevent assessment of impact.

`The Federal Executive Council on July 22, approved N75 billion for the establishment of the NYIF from 2020 to 2023.“It will provide Nigeria youths with investment inputs required to build successful businesses that can become sustainable employers of labour and contributors to the country’s development.

“ The plan targets young people between 18 and 35 years and details the needed actions required to support business establishment, expansion and consequent employment creation for youths in critical economic and social sectors,” it stated.The apex bank said that the fund was dedicated to investing in the innovative ideas, skills and talents of Nigerian youths.

It added that it would institutionally provide the youths with special window for accessing the funds, finances, business management skills and other inputs critical for sustainable enterprise development.“The ministry is the lead implementation entity and is responsible for budgetary provisions and for funds mobilisation.

“The fund aims to financially empower youths to generate at least 500,000 jobs between 2020 and 2023,’’the apex bank said.It added that part of the objectives of the fund was to improve access to finance for youths and youth-owned enterprises for national development.

“It will also generate much-needed employment opportunities to curb youths restiveness, boost their managerial capacity and develop their potential to become the future large corporate organisations,’’ it added. (NAN) Read more: Daily Trust »

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All of a sudden youth empowerment funds and programs are been endorsed by the government, Nigeria my country an scam sha! Anyway all na bribe to shift our gaze from the big picture. We know what we want! Kai they will hoard it for their birthday o If the main issues as pertaining to power, exchange rate, price of fuel, etc. are not addressed, even N1t youth investment fund would be a waste

I hope it will not end in warehouse Where is the money let's see them in our account CBN na scammer the site only accepted few people BVN while rejecting the masses BVN is not accessing. YourAnonCentral AishaYesufu CBNNews tbanj007 CBNNews renoomokri OfficialNYDP sars_watch DrOlufunmilayo Virtually everything in the name of youths nothing reached them but News.

Hope it will not end up in warehouse as my colleague asked earlier 😂 😂 pls tell us who n who will b embezzling this money... Hope it will not end in Warehouse All na audio... for starters, the website set up for this doesn’t work. You can’t go past there so called Captcha. Check it for urself and see here:

Good Forget framework , I want my money now🤏 On god That's all they do, dole out money but ignore fixing the country. Knowing fully well, 3/4 ends up in their pockets!. How about create an enabling environment for the people, so they are proud to work and make their lives matter and better. Bunch of thieves

Please organize a 'Youths Conversation' before disbursing this fund. Involve them in setting up the Framework of the investment. I bet it what happen to ca covid indomie will happen again I need help pls Please bless me NAME ; Obinna N. U BANK ; Stanbic Bank ACCOUNT NUMBER; 0002078044 Money that we haven’t seen is a audio remind you oga daily trouble!

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CBN releases guidelines for N75bn youths investment fund - Daily Post NigeriaThe Central Bank of Nigeria (CBN) has released guidelines for the implementation of the proposed N75 billion Nigerian Youth Investment Fund (NYIF). CBN, That's good they keep dishing out funds for the sake of Youth Investment Programme while Nigerians are yet to know what becomes of 75b SURVIVAL FUND ECONOMIC SUSTAINABILITY PLAN that started on Sept 2020. Believed me in Nigeria, this money may end up not fulfilling it purpose, some people will sabotage the efforts of federal government by hijacking it, crueless political will hijacked it

CBN deplores destruction of movable assets by protesters | The Guardian Nigeria News - Nigeria and World NewsThe Central Bank of Nigeria (CBN) has warned that protesting youths might have attacked the fabrics of Nigeria’s economy, as movable assets, were used as collateral for about N2tr credits given to micro, small and medium enterprises (MSMEs) in the last three years.

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Manufacturing sector hits sixth-month contraction — CBNNike Popoola The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to the Central Bank of Nigeria.The... Endonenigerianow Follow 4 follow back asap manufacturing sector us illegal

Our rice interventions have created over 1.3 million jobs – CBNMr. Philip Yila Yussuf is the Director, Development Finance Department, Central Bank of Nigeria. In this interview, he speaks on why the apex bank is vigorously where Well, let those who got the job testify Where is the rice intervention, well I'm yet to see it on the floor of the common man on the street