#ENDSARS: FG Earmarks Massive N75Billion for Youths Empowerment!

Hamilton Nwosa
Writer

Ad

Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…

Japan designates Kisarazu as official hometown for Nigerians

In a landmark move to boost cultural ties and economic cooperation, the Government of Japan has designated the city of Kisarazu as the official hometown for Nigerians wishing to live and work in the country. The announcement was made on Thursday on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9), held…

FG to raise N200bn through two bond offers at August auction

By Obinna Uballa The Debt Management Office (DMO) has announced plans to raise N200 billion through two Federal Government bond offerings scheduled for auction on August 25, 2025. According to a notice issued by the DMO on Friday, the subscription price for each bond is fixed at N1,000 per unit, with a minimum subscription requirement…

Ad

In response to the #Endsars protest, the Federal Government has revealed that  it has set aside a staggering N75 billion Youths Fund for youth development projects across  the next three years.

Minister of Finance,  Budget and National Planning, Zainab Ahmed,  who disclosed this in Kaduna maintained  that the N75bn fund would be staggered over a period of three years, with N25 billion earmarked for each year.

The minister said the designated amount  was designed as part of measures to support the development and empowerment of  youths across the country.

According to Ahmed, the move would help to catalyze” and actualise the creative and entrepreneurial ideas of the Government.”

She said: “What we are doing at the Federal level is that we have set aside N25billion Youths Fund. It is actually a N75billion fund for three years. So, we are starting with N25bn for 2021.

The fund is meant to support the youths to actualise creative and entrepreneurial ideal that we have, so that, they can be more productive, be their own bosses and employ other youths.”

 

Ad

X whatsapp