FG Approves N110bn for New Businesses to Expand and Employ People
==========

The Nigerian government has approved N110 billion in capital startups for new businesses across the country. The fund will be distributed via the Bank of Industry and the Ministry of Youth Development. The fund will be channeled via the revamped Nigeria Youth Investment Fund (NYIF). The Ministry of Youth Development and the Bank of Industry will establish a specialized NextGen Bank dedicated to growing youth entrepreneurs. Plans are underway to establish a Presidential Initiative on Youth Clusters, focusing on critical sectors such as agriculture, manufacturing, and technology. The ongoing youth schemes involve about 146,998 beneficiaries engaged in vocational, social inclusion, technology, agriculture, and entrepreneurial training.

#Nigeria #Business #Startups #Employment #Youth

https://www.legit.ng/business-economy/economy/1594248-fg-approves-n110-billion-youth-startups-businesses-nigeria-grow-employ/