The restructured Nigerian Youth Investment Fund (NYIF) will begin accepting applications from June 30, 2024

Dr. Jamila Bio Ibrahim, the Minister of Youth Development, has announced that over one million young Nigerians will benefit from the National Youth Skills Program (NYSP), which aims to equip them with the necessary skills for success in today’s economy.

The Minister made this disclosure in Abuja during the 25th Nigeria Democracy Day Anniversary Youth Program, themed “25 Years of Enduring Democracy: Prospects for the Future.” 

She revealed that the Ministry is drafting bills for the National Assembly to institutionalize a 30% youth quota, restructure the Citizenship and Leadership Training Centre (CLTC), and establish the National Youth Fund (NYF).

“These legislative actions will cement the Federal Government’s commitment to youth empowerment and ensure sustainable development,” she explained.

Dr. Ibrahim also announced that the restructured Nigerian Youth Investment Fund (NYIF) will begin accepting applications from June 30, 2024. She emphasized that the ministry has streamlined the process to enable more young entrepreneurs to access funds for innovation and job creation.

Furthermore, she disclosed that the implementation of the NYSP and reforms to the National Youth Service Corps (NYSC) will commence by July 30, 2024. These reforms aim to integrate skill development and entrepreneurship into the service year, enhancing its impact and economic benefits for graduates.

“The Youth Development Bank will be launched by August 30, 2024. This institution will provide customized financial services to youth-led ventures, supporting innovative ideas and business growth,” Jamila added.