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Nigerian Youth To Access N12.5b NYIF Before December-Minister

Published

5 years ago

August 3, 2020

…As NYCN Lauds FG, Sports Ministry on Youth innovations

JOEL AJAYI

In the determination to ensure Nigerian youth are at per with their counterpart around the world, the Federal Government has revealed that Nigerian youth will begin to have access to the initial N12.5 billion NYIF before the end of December.

It will be recalled that N25 billion will be disbursed each year for the next three years, totaling N75 billion.

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Also, NYIF is dedicated to investing in innovative ideas, skills, talents, and enterprise of the Nigerian youth with the aim of turning them into entrepreneurs.

The Minister of Youth and Sports Development Mr. Sunday Dare made this known on Monday in Abuja when the National Youth Council of Nigeria (NYCN), in solidarity, march to the Minister to thank President Muhammadu Buhari for approval of Nigerian Youth funds.

Youth Council applauded the Federal Government over the approval capital of 75billion NYIF saying that the initiative would go a long way to ameliorate the suffering of Nigerian youth.

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While speaking, the Minister who was represented by the Ministry Permanent Secretary Mr. Gabriel Aduda said that Nigerian youths do not lack ideas, what they lack is support to push it forward to make it a reality in which the government of the day is doing right now.

According to him, we have a lot of empowerment program and one thing we have seen with empowerment programs overtime is that it does not come with an end to end a cache that helps the youth to start as an entrepreneur.

“A lot of programs have been put in place but lack of supports has swept them under carpet, that is ministry sat down, looked and decided that this NYIF goes beyond youth empowerment.

“We decided that there is a need for us to have pots that support entrepreneurship, young businesses, and youth in their startups, that gives the environment for them to fly with their ideas and that is what the NYIF is supposed to do.

“We thank God and FG for the approval of the N75 Billion that is going to come in 25billion transit over three years between now and 2023, we have done half of this year so we are hoping that we should be able to rake in about 12.5billion from now till December and the beauty of it is that right in council President directed the CBN Governor and the Minister of finance to source for this money because of the importance of this particular setup.

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“We will work with the CBN and every relevant stakeholder that will administer the fund in a way that will bring results.”

“Most of the monies that are coming will be administered. Some, as very short loans, one of the things that we have found out is that Nigerian youths do not lack ideas, what they lack is support to push it forward to make it a reality.”

He urged all Nigerian youth to always visit the ministry website to get information about the different initiatives.

Speaking earlier, Permanent Secretary Gabriel Aduda who was represented by the Director Network and Social Mobilization for the Ministry Dr. (Mrs) Abdulai Rosemary expressed that the ministry will not relent in its effort to ensure youth are put in a firm position to be future leaders.

“Since the minister assumed office, he has shown a strong passion for the growth and development of the Nigerian youth. That is why hardily a week will go without a new development on the youth initiative to bring them at par with their counterpart around the globe.”

In his address the President of the NYCN Amb. Sokubo Sara-IgbeSokubo said FG’s initiative is a square peg is in a square hole.

“Today, hope is being restored to millions of talented, hardworking, and creative young Nigerians.

“The NYIF is a special window for the Nigerian youths to access financial facilities for their entrepreneurial ideas, innovations, and projects. This laudable milestone has shown that President Muhammadu Buhari’s administration has the interest of Nigeria youth at heart, and has endeared the government to the hearts of young Nigerians.

“Nigeria youths wish to use this medium to also express our gratitude to our dogged, innovative and pace-setting Honorable Minister of Youth and Sports Development, Mr. Sunday Dare, under whose supervision, the youth constituency has recorded massive positive development. Under him, Nigerian youths have experienced a breath of fresh air and hope. The truth is that; “when a square peg is in a square hole, things begin to fall into shape.”

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Nigeria’s Historic Bid for the 2030 Commonwealth Games: A Call for National and Global Support

Published

5 days ago

September 30, 2025

The Gleamer

Joel Ajayi

Nigeria is poised to make history as it seeks to host the Centenary Commonwealth Games in 2030, a monumental opportunity that promises to transform the nation’s economy, infrastructure, and global standing.

More than a sporting spectacle, the Games would serve as a catalyst for development across multiple sectors, leaving behind a legacy of national pride and sustainable growth.

The benefits of hosting the Games extend far beyond the sports arena. Nigeria stands to gain both empirical and non-empirical advantages, with direct, indirect, and induced impacts that will touch every corner of society. Infrastructural development will take center stage, with new facilities such as indoor sports halls, conference centers, and improved road networks reshaping urban landscapes while strengthening the nation’s capacity to host future international events.

Economic growth is another significant dividend. Over 10,000 jobs are expected to be created, spanning construction, facility management, event planning, and tourism services.

The hospitality industry will undergo major improvements as hotels and resorts are upgraded to meet international standards, while local restaurants, lounges, and tourist attractions will see a surge in patronage from international visitors. Small and medium enterprises, particularly in the transport, finance, and food service sectors, will become some of the greatest beneficiaries, as the Games generate new demand and expand opportunities for local businesses.
The Commonwealth Games will also accelerate the growth of Nigeria’s sports industry.

Investments in training facilities, coaching, and talent development will inspire a new generation of athletes, ensuring long-term benefits that extend beyond 2030, a major focus of the President Bola Tinubu administration.
At the same time, the process of preparing for the Games will create opportunities for Nigerians to learn new crafts, acquire technical skills, and engage in global-standard event management, thereby strengthening human capacity and innovation across industries.

Mallam Shehu Dikko, Chairman of the Nigeria Sports Commission, and Hon. Bukola Olopade, the Director General, have been widely recognized for their tireless and visionary leadership in repositioning Nigeria’s sporting sector.

Their commitment to facilitating infrastructural development and strengthening grassroots sports development has laid the foundation for Nigeria’s bold bid to host the 2030 Commonwealth Games. Under their leadership, the NSC is fostering strategic partnerships and driving innovation in sports administration, they have demonstrated the nation’s readiness to stage an event of such global magnitude.

Beyond the tangible gains, the hosting of the 2030 Commonwealth Games carries profound symbolic value. It would be a moment of unity and pride, a chance for Nigeria to showcase its cultural richness, resilience, and excellence to the world.
As a centenary edition, the Games would stand as a historic milestone not just for the Commonwealth but for Nigeria itself, cementing its place on the global stage as a capable, ambitious, and forward-looking nation.

The gains from hosting the Commonwealth Games can never be undermined or overemphasized. This is Nigeria’s time to step forward and show the world our resilience, and excellence. We call on every Nigerian, across sectors and communities, to support this noble aspiration.

Nigeria’s pursuit of the 2030 Commonwealth Games is a vision for transformation, a blueprint for national development, and a legacy project that will inspire generations to come.

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