Youths, Get Ready For Investment Fund- CBN

The Central Bank of Nigeria has hinted on finalisation of plans to commence disbursing of funds under the Nigeria Youth Investment Fund, NYIF, scheme.

The scheme established on July 20, 2020 is to be funded by the CBN.

CBN tweeted a picture indicating that the scheme is going into full operation soon.

A portion of the picture read, "Coming Soon!"

The Federal Government of Nigeria had in July establish the scheme with an initial capital of N75 billion.

The establishment for three years followed a memo presented by the Minister of Youth and Sports Development, Mr. Sunday Dare.

The NYIF is to serve as a sort of youth bank that will fund and support the innovative ideas, skills, talents, and enterprise of the Nigerian youth.

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