#ENDSARS: FG Earmarks Massive N75Billion for Youths Empowerment!

Hamilton Nwosa
Writer

Ad

Amnesty International Warns School Abductions Threaten Northern Nigeria’s Future

By Abiola Olawale Amnesty International has raised an alarm over the escalating wave of mass school abductions in Northern Nigeria, describing the situation as an existential threat to the right to education. Following a surge in recent kidnappings—including the mass abduction of over 300 students and teachers in Niger State and 25 schoolgirls in Kebbi…

Leadership Failure in Africa: Vision Deficits, Institutional Decay, and the Long Road to Renewal

By Sonny Iroche More than six decades after independence, Nigeria, like many African countries, still wrestles with the paradox of enormous potential coexisting with profound developmental stagnation. It is a contradiction that invites deep reflection. Why have countries endowed with such extraordinary human and natural resources continued to lag behind nations that faced similar or…

Paystack sacks co-founder Ezra Olubi amid sexual misconduct allegations

By Obinna Uballa Paystack co-founder and former Chief Technology Officer, Ezra Olubi, has said he was unfairly fired by the company over allegations of sexual misconduct, raising questions about the handling of the investigation into his conduct. Olubi revealed the development in a blog post published on Saturday, titled Terminated. According to him, he was…

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