Olalekan Adetayo, AbujaThe Federal Government has approved the establishment of a N75bn youth investment fund. The decision was taken at the virtual meeting of the Federal Executive Council presided over by the President, Major General Muhammadu Buhari (retd. The minister said the fund, which he described as “youth bank” was to support youth enterprise among Nigeria’s 68 million youths between ages of 18 and 35. The minister said, “For the first time in the history of Nigeria, the Federal Executive Council today approved the establishment of the Nigerian Youth Investment Fund to the tune of N75bn. “The best way to call it is that for the first time, the country will have a youth bank.

Source: Punch July 22, 2020 18:29 UTC