FG Creates N75b Support Fund For Entrepreneurs

FG To Give Nigerians N5000 Transport Allowance After Fuel Subsidy Removal

The Federal Government has announced the creation of a N75 billion entrepreneurship support fund, to enable youth in the country grow their businesses and be economically independent.

The minister of Finance, Zainab Ahmed, made this disclosure in an interview with newsmen after a meeting with the deputy governor of Kaduna State, Dr Hadiza Balarabe, on Saturday in Kaduna.

She disclosed that N25 billion will be released over three years starting from 2021 to support the youth in actualizing their innovative and entrepreneur ideas, be productive and employers of labour.

Ahmed disclosed that her meeting with the deputy governor was in furtherance of President Muhammadu Buhari’s directive for all ministers to return to their states and get inputs on best ways to empower the youths in each state.

READ ALSO: #EndSARS: Buhari Sends Ministers To Douse Tension In Their Home States

She said: “We came to meet the Government of Kaduna State to discuss the issue of the protest that has been happening around us, specifically the ENDSARS protest.

“The state has already prepared an excellent report on all the plans and efforts they have undertaken and we have also come to understand the challenges that they have and how best to support them,” she said.

“We are here in response to the directives President Muhammadu Buhari gave all ministers to come back home and engage major stakeholders within the state to see how best we can support the state to address the security issues that we have at this time.

“It was a wonderful meeting and very productive,” the minister said.


Please enter your comment!
Please enter your name here

thirteen + thirteen =