A CALL TO PLATEAU YOUTHS TO APPLY FOR FEDERAL GOVERNMENT’S YOUTH INVESTMENT FUND.
The Chairmanship Aspirant in the forthcoming Plateau state Youth Council Election, Comrade Azi Aware Peter, has appealed to the teaming Youths on the Plateau, to seized the opportunity of the ongoing Nigerian Youth Investment Fund by picking up the form to register.
The Fund which Target Youths between between 18 to 35 years is aim at generating at lease 500,000 jobs in next three years.
From 2020 to 2023,the initiative is from the Federal Ministry of Youth and Sports Development and is being implemented by the Central Bank of Nigeria through NIRSAS Micro Finance Bank.
The CBN has released the framework on how beneficiaries can access the loan.
The implementing Bank, the NIRSAL Micro Finance Bank has also opened a portal on its website for website for interested applicants to apply.
Beneficiaries stand a change of getting up to #3 million single digit interest loan with a one year moratorium to boot.
The N-YIF is dedicated to investing in the innovative ideas,skills and talents of Nigeria Youths. Both Registered and Unregistered Businesses can apply,the Unregistered interprises will get a minimum of #250,000 loan at a 5 percent annum.
The eligible Youths must also fulfil these following conditions.
One,have Business domiciled and operational in Nigeria
2.Has not been convicted of any financial crime in the last 10 years.
- Has a valid Bank verification Number and posses Local Government indigene certificate.
Iam appealing to our Youths not to relent but use the opportunity effectively, latest data the National Bureau of statistics in second quarter,2020 showed that 21.76 million Nigerians are unemployed. Out of this data,NBS said over 13.9 million youths are currently unemployed.