The Federal Ministry of Youth Development has announced the re-launch of the Nigeria Youth Investment Fund.
Recall that this initiative was launched in 2020 in response to the economic impact of the COVID-19 pandemic on young people and small businesses in Nigeria.
Report gathered that this move was to proffer a solution to the unemployment rate 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 advised the youth to use the opportunity to take their business to new heights.
