FG Earmarks N75bn Fund For Youth Development, Small Businesses | Lagos Post Online

FG Earmarks N75bn Fund For Youth Development, Small Businesses

The Minister of Finance, Zainab Ahmed on Saturday revealed that the Federal Government has created a N75 billion entrepreneurship support fund, to enable youth in the country grow their businesses and also be economically independent.

According to her, N25 billion will be released over three years starting from 2021.

Ahmed explained that the fund would support the youth to actualize their innovative as well as entrepreneurial ideas; be productive and employers of labour.

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“We came to meet the Government of Kaduna State to discuss the issue of the protest that has been happening around us; specifically the EndSARS protest.

“The state has already prepared an excellent report on all the plans and efforts they have undertaken; and we have also come to understand the challenges that they have; and how best to support them,” she said.

“We are here in response to the directives President Muhammadu Buhari gave all ministers to come back home and engage major stakeholders within the state to see how best we can support the state to address the security issues that we have at this time.

“It was a wonderful meeting and very productive,” the minister said.

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