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FG Flag-Off NYIF Application Process

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Joel Ajayi

The Federal government has officially flagged off the start of the National Youth Investment Fund applications process.

Minister of Youth & Sports Development t. Mr. Sunday Dare made this announcement on Thursday in Abuja when he addresses major unfolding issues relating to the initiative.

“It is my pleasure to address you as we record yet another milestone in our drive to increase the government’s investment in our youth, who we recognize as assets and not problems. This mindset is the impetus that propelled us to approach the Federal Executive Council to approve the Nigeria Youth Investment Fund (NYIF) as a ringfenced Fund for the Nigerian youth, our own sort of a Youth Bank.

“The Federal Executive Council on July 22, 2020, thus approved the Nigeria Youth Investment Fund (NYIF) to the tune of N75 billion spread over three years to cater to youth-owned businesses and investment needs. Following the approval, the Ministry of Youth and Sports Development set up three distinct bodies to work out the operationalization of the Fund.

“These are A Steering Committee which is chaired by me with the Honourable Minister of Finance, Budget and National Planning, Minister of Women Affairs and Social Development, Minister of Industry, Trade and Investment and the Governor of the Central Bank of Nigeria as members.

 

“There is also the Technical Committee chaired by the Permanent Secretary, Ministry of the Youth and Sports Development with other members drawn from the relevant MDAs with representatives from the CBN, the Ministry of Finance, Budget and National Planning among others. More importantly, there is the Focal Group, largely made up of youth that was selected based on their knowledge and specialized areas of expertise with the major task of being a springboard for gauging youth’s perception, expectations, and input to the Fund.

 

“I am pleased to inform you that membership of the three groups is on the basis of volunteer work and is therefore unpaid. The commitment with which they worked ensured that we are able to rapidly get to the stage we are at today. For me, this commitment signifies the drive and passion that the Nigerian Youth are renowned.

 

“These three groups were within this short time able to harmonize the input of stakeholders such that the delivery vehicle that guarantees access for all eligible youth was immediately prepared to commence the application, processing, and disbursement of the Fund. The assignment of the three groups culminated in NISRAL Microfinance Bank being selected as a disbursement agency, given its reach and spread which ensure that youth across the country have access to apply for the Fund.

 

“I must mention the support we enjoyed from the Central Bank of Nigeria (CBN), which in line with Mr. President’s directive, provided the initial N12.5 billion naira required for the Fund to operate in the remainder of the year 2020. We are also grateful that the Ministry of Finance, Budget, and National Planning has on its part committed to providing the next tranche of the Fund in the 2021 Budget.

 

“With the great work put in place by stakeholders and in line with Mr. President’s desire to increase investment in the youth, the loan provided under NYIF has an interest rate of 5% per annum. Youth applying as an individual or non-registered businesses are able to draw up to two hundred and fifty thousand nairas (₦250,000.00), while youth-owned registered businesses can apply for up to three million naira (₦3,000,000.00). Loans are with a tenure of five years and a moratorium of up to 12 months.

 

“Our commitment to seeing the youth succeed is such that the loan is bundled with training that will ensure business sustainability for successful applicants. It is my belief that the Fund will grow to become a permanent feature of our society when beneficiaries run successful businesses and repay their loans.

 

It is the least that beneficiaries of this round of Funding can do for those coming after them.

“It is therefore my pleasure to officially announce the start of the NYIF application process.

However, application is available online on NISRAL Microfinance Bank’s site, www.nmfb.com.ng . Applicants can also visit our website, www.youthandsport.gov.ng and www.noya.ng.

 

Speaking also was the permanent Secretary Ministry in of Youth Mr. Gabriel Aduda he expressed: “It’s historic in any way, it’s happening for the first time for the Development all Nigerians Youth.”

He commended President Muhammadu Buhari and the Ministry of Youth.

Also Speaking the representation of Central Bank of Nigeria CBN  the Director of Development Finance  Department Mr. Philip Yila Yusuf commended the creativity of the Minister of Youth and Sports Development.

According to him, the process is quite democratic, we are encouraging all youth to apply to contribute to national development N12.5billion is readily available for youth to grab.

 

 

 

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Daughters of Dr. Charles Ononiwu, Chiamanda and Chiamaka, Launch Debut Books to Uplift Hearts Facing Life’s Struggles

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Joel Ajayi

At just 18 and 20 years old, Chiamanda and Chiamaka Ononiwu — daughters of renowned Nigerian surgeon Dr. Charles Ononiwu — have achieved a remarkable milestone with the release of their debut inspirational books, Do Not Be Afraid and Waterfalls.

Their literary journey began six years ago, during the height of the global COVID-19 pandemic. While the world was engulfed in fear and uncertainty, the then 13- and 15-year-old sisters turned inward, using writing as an outlet to process their emotions, express their faith, and reach out to others with messages of hope and resilience.

 What began as a quiet act of creativity blossomed into two powerful books that now serve as beacons of light for readers navigating life’s storms.

Eighteen-year-old Chiamanda Ononiwu is the author of Do Not Be Afraid. A passionate Electrical Engineering student , she is also a proud alumna of Intellichild TLC and Valedictorian of Great Blessings School, Class of 2022. 

In her book, she addresses the emotional challenges many young people face and draws from her personal faith to offer guidance and encouragement.

Her elder sister, Chiamaka Ononiwu, 20, is a final-year medical student at Babcock University in Nigeria. She penned Waterfalls, a heartfelt and deeply spiritual work she describes as divinely inspired. Chiamaka views her writing as a calling — a mission to uplift souls and bring hope to those struggling with life’s challenges.

“Personally, I would say it all started with the idea of inclusion, inspired by real human experiences,” Chiamaka shared. “We’ve had conversations with people who’ve gone through difficult situations — including issues and those stories helped shape what I write today.”

She added, “It’s all about encouraging people to face life with faith. We began this journey during a dark time in the world, and I felt called to create something that could offer comfort and hope — not just locally, but globally.”

The official book launch and signing ceremony took place on Wednesday in Abuja, Nigeria’s capital, and was attended by family, friends, colleagues, and well-wishers. It was a celebration of creativity, faith, and youthful brilliance, as the sisters presented their work to an inspired audience.

Speaking at the event, Chiamaka emphasized the core message of her book: “Waterfalls reminds readers that God is always watching over His people. He doesn’t bring fear — He brings peace, hope, and love. I want readers to find comfort and assurance in that truth.”

For Chiamanda, her book is a message to young people who may feel overwhelmed by life’s pressures: “Do Not Be Afraid is especially for youth navigating difficult times. No matter how hard life gets, you can always find strength and direction in God’s word.”

Writing came naturally to both sisters. Chiamaka recalled, “Even as a child, I loved writing short stories for my siblings. When the opportunity came to publish, I knew it was time to share my message with a wider audience.”

Despite their demanding academic paths, both young women balanced their studies with writing through perseverance and faith.

Chiamanda and Chiamaka are united by a shared dream — to inspire people across the world with their writing.

Chiamaka expressed Further;  “Our biggest hope is that these books will reach people who need to know that God is real, that He’s always with them, and that through Him, anything is possible,” Chiamaka said.

With Do Not Be Afraid and Waterfalls, the Ononiwu sisters have not only created literary works — they’ve created lifelines. Their voices, grounded in faith and driven by purpose, remind readers everywhere that even in the darkest moments, God’s light never fades.

Their father, Dr. Charles Ononiwu — a distinguished surgeon and deeply devoted parent — also spoke at the event, sharing the journey from his perspective.

“For me, my number one priority has always been to care for children — not just medically, but also by encouraging them academically and in the basics of life,” he said.

He recounted a moving moment with Chiamanda, who approached him with the idea of sharing her story publicly to inspire others.

“She came to me and said she wanted to talk to her peers, to share how she had been comforted, and to help them see that everything would be okay,” he recalled. “As a father, my role was to guide her. I support both of them, help activate their strengths, and provide direction.”

Dr. Ononiwu made the decision to fund the publication of their books himself, believing in the power of their message.

“I told them, ‘You have something the world needs. You can make an impact in the lives of others,’” he said. “I believe every child has a gift. It is our responsibility as parents not to dismiss them, but to help them discover and nurture their talents.”

He encouraged all parents to support their children’s creative pursuits, noting, “Every person has something special inside them — no one is without talent. It’s just a matter of looking inward, discovering that gift, and sharing it with the world.”

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