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

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…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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Enthusiasts Praise Ghana’s Meteoric Progress at African Games, Sport Minister Applauded for Visionary Leadership

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Ghana’s remarkable ascent in the African Games has sparked widespread acclaim from sports enthusiasts and stakeholders alike. The nation’s stunning leap from 15th place in the previous edition to an impressive 6th place in 2024 has captured the attention of the sports community, highlighting Ghana’s burgeoning potential and the transformative leadership of its Minister of Youth and Sports Development, Mustapha Ussif.

Under Minister Ussif’s visionary leadership, Ghana’s sports industry has undergone a profound renaissance, marked by unprecedented achievements in grassroots development and infrastructure growth. The Minister’s strategic initiatives have not only revitalized the sporting landscape but have also positioned Ghana as a beacon of excellence on the African continent.

The recent success at the African Games is a testament to Ghana’s commitment to fostering talent at all levels. Through innovative programs and investments in youth development, Minister Ussif has cultivated a fertile environment for nurturing emerging athletes, paving the way for their seamless transition into senior sports teams.

Furthermore, Ghana’s hosting of the African Games in 2023 underscores the nation’s dedication to expanding its infrastructure base and solidifying its status as a regional sports hub. The prospect of hosting this prestigious event not only promises to elevate Ghana’s profile on the international stage but also presents unparalleled opportunities for economic growth and societal advancement.

Speaking on Ghana’s remarkable achievement, Minister Mustapha Ussif expressed his gratitude to all stakeholders and affirmed his commitment to further advancing the nation’s sports agenda.

He stated, “The remarkable progress we have witnessed at the African Games is a testament to the collective efforts of our athletes, coaches, administrators, and supporters. I am immensely proud of what we have accomplished together, and I am confident that Ghana’s journey to sporting excellence has only just begun.”

On the eve of the closing ceremony alone, Ghana clinched eight gold medals, winning the ultimate prize in women’s hockey, 200m men’s athletics event, high jump, men’s football event, and four boxing gold medals in boxing. All in one night.

Ghana also made history by becoming the first country to win god in both men’s and women’s football events at the Games.

The closing ceremony of the Games saw star performances from star acts such as Stonebwoy, Stanley Enow, Wiyaala, Innoss’B, amongst others.

As Ghana continues its upward trajectory in the realm of sports, the nation stands poised to achieve even greater milestones under the visionary leadership of President Nana Akufo-Addo and Sports minister, Mustapha Ussif.

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