News
Minister Inaugurates Committee on Nigerian Youth Investment Fund
Joel Ajayi
The Minister of Youth Development, Dr. Jamila Bio-Ibrahim has inaugurated the committee for the review of the Nigerian Youth Investment Fund (NYIF)
The Minister explained that the review had become necessary due to the fact that the fund, which was established in 2020 to provide funds for youth led enterprises, falls short in terms of Youths reached and jobs created.
She attributed this to the stringent conditions attached to having access to the fund.
Bio-Ibrahim said, “While the Nigerian youth investment fund aims to provide capital for youth-led enterprises, its impact, though commendable, falls short in terms of the number of youths reached and jobs created. A strategic overhaul is necessary to alleviate the challenges faced by Nigerian youth in securing financing, along with fostering entrepreneurial skills, market access, and mentorship for sustainable growth.”
She added that upon assuming duty in the Ministry, she observed that among the Ministry’s programs, the NYIF has the potential to tackle youth unemployment and poverty if properly managed.
She, therefore, charged the committee members to take the assignment seriously and give it their best.
The Permanent Secretary of the Ministry Dr. Dunoma Ahmed Umar reiterated that the fund is dedicated to investing in the innovative ideas, skills, and talents of Nigerian youths. He stated that the target of the fund is youths within the age group of 18 to 35 years.
He added that the Honourable Minister deemed it wise to review the NYIF so as to achieve better results.
The Chairman of the committee Mr. Hakeem Olopade praised the renewed hope agenda of President Tinubu led administration for its focus on youth empowerment.
Mr. Olapade noted that there is a need to engage the youth in all productive sectors of the economy, especially in view of the prevailing security challenges in the country.
He pledged the readiness of the committee members to implement their assignmen assiduously and therefore called on the Ministry to avail them with all necessary support to succeed especially in the area of Youth documentation and provision of information at the disposal of the Ministry.
The committee, which was inaugurated via Zoom, has the following members: Hakeem Olopade, chairman, Olufela Olatoye-sosan, secretary, Prof. Ahmed Kumshe, member, Ms Ebiho Agun, member, Mr Rijo Shekari, member, Mr Samson Itodo, member, Ms Angel Adelaja, member, Ms Amaka Okechukwu, member, Dr. Ezekiel Oseni, member, Dr. Emeka Henry Inegbu, member, CBN representative, and DBN representative.
Health
Ultimate Health HMO appoints 2 directors
Ultimate Health Services (UHS), a Health Maintenance Organisation (HMO), has announced the appointment of Tosin Adefeko and Bolajoko Abiola-Odunowo as directors to its board to strengthen capacity and functionality.
The Managing Director/Chief Executive Officer of UHS, Mr Lekan Ewenla, made this known in a statement on Tuesday in Abuja.
Ewenla said that the appointments, made by the HMO’s Board of Directors and shareholders, were in line with global corporate governance and best practices.
He said that it was also a reflection of the organisation’s ongoing commitment to enhancing diversity and empowering women in leadership positions within the organised private sector.
“The appointments of Adefeko and Abiola-Odunowo are in-line with the organisation’s commitment to promoting gender inclusivity.
“It is also in accordance with the global agenda for gender inclusiveness in the corporate world and political appointments,” he said.
Ewenla added that the appointments were intentionally done to enhance the organisation’s growth focusing on private and informal sectors, various groups and associations in the country.
He said that enrolment into the health insurance programme is now mandatory for all Nigerians and legal residents.
Ewenla described Adefeko as a corporate executive and entrepreneur with over 25 years of experience.
“She has successfully led businesses and delivered impressive results in the financial services, print and broadcast media, marketing and communication industries.
“Adefeko is passionate about gender inclusion, equity, and female empowerment.
“She is an active member of Women in Managing Business; has served in several committees and chaired the communications committee for the annual conferences for three years,” he said.
The managing director equally described Abiola-Odunowo as a distinguished business executive with a multi-faceted career spanning over three decades in finance, law, and logistics.
He said that she would bring a unique combination of financial and legal expertise, and strategic business development into the board of Ultimate Health HMO.
“Abiola-Odunowo has vast experience in treasury management and financial analysis, with a strong understanding of financial operations and risk management.
“She has expertise in oil and gas, real estate, and environmental law, with a special focus on regulatory compliance and legal frameworks within complex industries,” Ewenla added.
NAN
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