Gov. Ikpeazu Applauds FEC For Approving N75B NYIF

Governor Okezie Ikpeazu of Abia State has commended the Fed Executive Council for approving the establishment of a N75 Billion Nigerian Youth Investment Fund (NYIF) to support enterprises for specifically Youths, boys and girls, between ages of 18 and 35.

In a letter to the Hon. Minister for Youth and Sports Development, Sunday Dare, signed by the Special Adviser To Governor Ikpeazu on Strategy & Planning, Dr. Iboko Imo Iboko, the Governor urged Abia youths within this age bracket to brace up and start getting their business plans ready in order to quickly take early advantage of this open window, once it takes off shortly, as the interest rate is just about 5 per cent as against about 28 per cent in a normal bank.

It was reported that the letter urged the Minister to remember to appoint Abia Youths in any Monitoring Committees that may be set up for this programme and also consider Abia State for the siting of Zonal and State Monitoring Offices for the scheme.

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