GABRIEL ADUDA, Perm. Sec. ministry Of Youth & Sports Dev.

The National Youth Council of Nigeria’s  President, Amb. Sukubo Sara-Igbe Sukubo has commended the Minister of Youths and Sports Development,  Sunday Dare for his innovative resourcefulness resulting in the establishment and approval of the N75 Billion naira National Youth Investment Found (NYIF) by President Muhammadu Buhari.  


The Minister, who was represented by the  Permanent Secretary of the Ministry, Mr Gabriel Aduda, while receiving the National Youth Executives at the Moshood Abiola Stadium, noted that the NYCN has taken a bold and commendable step to thank President Muhammadu Buhari on the establishment of the NYIF. 


He stated that the Memo on the establishment of the fund was thoroughly debated and it enjoyed overwhelming support by members of the Federal Executive Council. This is aimed at enabling the  Nigerian youths to be economically motivated for sustainability.  
Mr Dare added that it is important to go beyond empowering the youth into investing in the youth of Nigeria with a common pulse that supports entrepreneurship and small businesses as well as provide the environment for youth to fly with their ideas.

He stated that the 75Billion Naira will come in three trenches between now and 2023 noting that the President has given directives to the Minister of Finance, Budget and National Planning alongside the Central Bank Governor to source for the money.


According to the Minister, the Ministry through the Technical/Steering Committees that shall be put in place, which will include the youths, shall be working on modalities to enable Nigerian youth to have access to the fund and payback within a short period with not more than 1 digit interest rate.


The President, National Youth Council of Nigeria, Amb. Sukubo Sara-Igbe Sukubo, in his response, expressed gratitude to the Honourable Minister whose supervision in the youth constituency has recorded massive positive developments including the National Youth Investment Fund recently approved by Mr President. Sukubo noted that Nigerian youth have experienced a breath of fresh air and hope is kept alive owing to the visionary foresight of the Minister.


‘To all my fellow Nigerian youths, it is a new dawn for us, the sound of hope echoes in the air. The long-awaited dream has become a reality and I can testify that there is a song of joy in our lips, he said.


In his vote of thanks, the Hon. Commissioner for Pan Africa Union in Nigeria, Mr Niyi Oladele, thanked President Buhari for the economic empowerment by creating this National Youth Investment Fund for the Nigerian youth and other programmes of the ministry on social media to keep the youths off the streets.


He, however, called on the President to kindly direct all youths related activities and programmes scattered in other Ministries, Departments and Agencies of government to be redeployed and warehoused in the Ministry of Youth and Sports Development for proper coordination.