• Thursday, May 30, 2024
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Leverage N75bn youth investment fund, minister urges youths

Leverage N75bn youth investment fund, minister urges youths

Minister of State, Federal Capital Territory (FCT), Ramatu Aliyu, has charged the youth to leverage the N75 billion Nigerian Youth Investment Fund ( NYIF) the Federal Government has introduced to empower them economically.

Aliyu made the call at the maiden edition of NYIF celebration in Abuja. She identified poverty and unemployment as factors that drive youth to violent extremism and crime.

The minister noted that the NYIF was a demonstration of President Muhammadu Buhari’s sensitivity to the affairs of youth. He explained that it was in a bid to give the youths a lift that the government created a new N75 billion youth fund.

She, therefore, called on Nigerian youth to leverage the government’s social investment scheme and several other soft loan schemes available to youth entrepreneurs to enhance job creation.

Aliyu stated that as part of measures to mitigate this ugly trend, the Federal Government since 2015 had initiated programmes to reach out in other to ameliorate the vulnerabilities of youths in the country.

READ ALSO: Over 1 million Youths apply for N75bn Youths Development Funds FG

The minister revealed that the FCT administration had been contributing its best to support the federal government initiatives, adding that the administration had been generating a couple of peculiar intervention programmes to assist young people, their families and communities on a sustainable routine basis.

She hinted that the FCTA, through the Youth Development Department of the Social Development Secretariat, had trained youths in various viable economic skills at the FCT Youth Support Centre, Nyanya.

The acting secretary of Social Development Secretariat, Kelvin Ike, stressed that no nation could witness any meaningful progress and development in an atmosphere of persistent restiveness due to neglect of the youths.

He stated that everything must be done to ensure a meaningful life for young people, stressing that it was in this light that the administration had put measures in place to support the youths despite the unfriendly economic challenges.