FG To Establish National Youth Development Bank

The Minister of Youth Development, Dr Jemila Ibrahim on Friday said the Federal Government was working out plans to establish a national youth development bank, as part of efforts by President Bola Tinubu to increase access to capital for young Nigerians.

Jemila who stated this in Ilorin, Kwara State, also said the initiative would promote entrepreneurship among the youth.

She said the bank would give young entrepreneurs economic prosperity in the form of access to capital and the opportunity to grow their businesses.

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The minister said the government was working on programmes aimed at galvanising development among youths in the country, adding that the job of the ministry was to create the enabling environment, and opportunity for young people to prosper.

“We’re coming with a message and action of economic prosperity. We are tired of the past and that’s why we identify with Mr President’s action plans as an uncommon liberator of young men and women. And this will be replicated in the youth development ministry.

“We have initiatives coming up like the national youth development bank. This is an initiative, endorsed and supported by Mr President that will increase access to capital and of course, create access to the market for young entrepreneurs,” she said.