Saturday, November 28, 2020

Youth Fund beneficiaries to get between N250,000 and N5m

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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says that between N250,000 and N5m would be accessible to each benefitting youth from the Federal Government’s N75bn youth entrepreneurial support fund.

The minister had earlier said the Federal government created a youth fund of N25bn as part of efforts to address the #EndSARS protests and other related youth restiveness issues across the country.

Ahmed explained that the youth fund would be increased to N75bn within a period of three years.

According to the Minister benefiting youths would receive various amounts of money ranging from N250,000 to N5m each.

This, she explained, would be dependent on the business idea, proposal and repayment plan of each benefiting youth.