Home News President Buhari declared November 1st as National Youth Day in Nigeria Ministry sets up focal group for youth investment money Buhari approves N75 billion youth investment fund

President Buhari declared November 1st as National Youth Day in Nigeria Ministry sets up focal group for youth investment money Buhari approves N75 billion youth investment fund

by Fummieluv

President Buhari declared November 1st as National Youth Day in Nigeria

Ministry sets up focal group for youth investment money

Buhari approves N75 billion youth investment fund

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President Muhammadu Buhari has approved November 1 every year to commemorate the National Youth Day, a federal minister has said.

Sunday Dare, the Minister of Youth and Sports Development, in a statement on Twitter

said the national day will be celebrated to draw attention and find solutions to the issues that affect the youth.

“Today, President Buhari in Council approved November 1st every year as the National Youth Day to celebrate, draw attention to and find solutions to the issues that affect the Youth. Mr. President as again demonstrated his commitment to supporting youth focused policies. Thank You,” the released read.

Buhari approved the establishment of a N75 billion Nigeria Youth Investment Fund (NYIF) for three years following a memo presented by the minister.

In a statement released then by Mr Dare, he said, “The NYIF is to serve as a sort of Youth Bank that will fund and support the innovative ideas, skills, talents and enterprise of the Nigerian youth.”

The ministry also set up a focal group to help manage the utilisation of the newly-approved fund.

The focal group is an assemblage of youth leaders and groups from diverse fields, entrepreneurial experts and individuals with youth development and finance experience.

The group is entrusted with processing concerned parties’ views and inputs about the Fund and making the same available to the NYIF’s Technical Committee.

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