Nigeria: Finance Minister Reveals How Federal Government Will Disburse N75 Billion Youth Fund

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The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has revealed how the Federal Government will disburse the N75 billion Youth Fund.

The Minister disclosed that, each benefitting youths will get between N250,000 to N5 million in the Federal Government’s N75 billion entrepreneurship youth support fund.

She said this while speaking to 77 District Heads and religious leaders in Kaduna in continuation of President Muhammadu Buhari’s directive to all his cabinet members to return home and interface with their constituents on the efforts of the present administration towards national development.

In her statement, she said, “The amount accessible to each beneficiary would be dependent on their business idea, proposal and their repayment plan. The interest-free loan is expected to be paid back to the Government within the period of five years.”

The meeting according to Mrs Zainab, was designed to get ideas and inputs on ways to empower the youths in reaction to the #EndSARS protest which turned into looting.

She called the attention of parents on the need to bring back the right values and bringing up children in the right way

“We are calling on the attention of parents that we have failed our children in the sense that the kind of value we use to have is no more. We need to remind ourselves that our children needs to be upright and that, this criminality going on a daily basis are not for their benefits and the benefit of the state and country”, she said.

In the meantime, Minister of Environment, Dr. Mohammed Mahmoud Abubakar, called on stakeholders to join in supporting government in the discharge of its duties of protecting lives, property and also in job creations.

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He however, advised the youths not to over depend on the government and engage in skills acquisition.

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