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NEWS IN BRIEF: FG Explains Modality for N75b Youth Support Fund

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The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has explained the modality for the disbursement of the Federal Government’s N75 billion Entrepreneurship Youth Support Fund.

She spoke at the weekend in Kaduna at a meeting with 77 district heads and religious leaders. The engagement was 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.

Speaking at the event held at Kaduna State University (KASU), Ahmed explained how youths can access the fund. She said the amount accessible to each beneficiary would be dependent on their business idea, proposal and their repayment plan, with amount ranging from N250,000 to N5 million.

She explained that the interest-free loan is expected to be paid back to the government within five years.

The Minister, who said the meeting was meant to get inputs into the best ways to empower youths in reaction to the #EndSARS protest, which metamorphosed into looting, appealed to religious and traditional leaders to educate parents on the need to instill family values on their children.

Credit: THE NATION

 

 

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