The Federal Ministry of Youth Development has revived the Nigeria Youth Investment Fund.
Recall, the Nigeria Youth Investment Fund was initially introduced in 2020 as an emergency response to the devastating economic effects of the COVID-19 pandemic on young Nigerians and small business owners.
According to sources, the relaunch of this initiative aims to address the persistent issue of unemployment in the country.
A statement posted on the verified X handle of the Ministry (@fmydNg) read, “The Federal Ministry of Youth Development is delighted to announce the relaunch of the Nigeria Youth Investment Fund (NYIF).
“A N110 billion fund dedicated to empowering youth in priority sectors to drive economic growth.”
The ministry called on youth to utilize this platform to elevate their businesses and achieve unprecedented success.
