FG outlines measures for N75b youth support fund

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has explained the measures for the disbursement of the Federal Government’s N75 billion Entrepreneurship Youth Support Fund.

The minister made this known in Kaduna at a meeting with 77 district heads and religious leaders.

Speaking at the event held at Kaduna State University (KASU), Mrs Ahmed who explained how the youths can access the fund, said the amount accessible to each beneficiary would be dependent on their business idea, proposal and their repayment plan, with amount ranging from N250,000 to N5 million.

She explained that the interest-free loan is expected to be paid back to the government within five years.

The Minister, who said the meeting was meant to get inputs into the best ways to empower youths in reaction to the #EndSARS protest, which metamorphosed into looting, appealed to religious and traditional leaders to educate parents on the need to instill family values on their children.

“We are calling the attention of parents that we have failed our children in the sense that the kind of value we used to have is no more. We need to remind ourselves that our children need to be upright and that this criminality going on daily is not for their benefits and the benefit of the state and country,” Ahmed said.

In his remarks, The Minister of Environment, Dr. Mohammed Abubakar, who urged all stakeholders to support the government in protecting lives and property and job creation, also enjoined the youth to be self-reliant by focusing on skills acquisition and not to be overdependent on government.

He also urged the leaders to be advocates of peace in all their dealings for meaningful development.

On her part, The Kaduna State Deputy Governor, Dr. Hadiza Balarabe, condemned the recent spate of looting and destruction of public and private property across the country.

She appealed to the traditional and religious leaders to sensitize their subjects and followers to always uphold law and order in their conducts.

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