President Muhammadu Buhari has approved every 1st of November for the celebration of the National Youth Day.
This was confirmed by the Minister of Youth and Sports Development, Sunday Dare, on his official Twitter account.
According to the minister, the President made this known during a Federal Executive Council meeting on Wednesday.
“Today, President Buhari in Council approved November 1st every year as the National Youth Day to celebrate, draw attention to and find solutions to the issues that affect the Youth. Mr. President as again demonstrated his commitment to supporting youth-focused policies. Thank You,”
CANDIID ONLINE gathered that the president approved the establishment of a N75 billion Nigeria Youth Investment Fund (NYIF) for three years following a memo presented by the minister.
In a statement released then by Mr Dare, he said, “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.”
The ministry also set up a focal group to help manage the utilisation of the newly-approved fund.
The focal group is an assemblage of youth leaders and groups from diverse fields, entrepreneurial experts and individuals with youth development and finance experience.
The group is entrusted with processing concerned parties’ views and inputs about the Fund and making the same available to the NYIF’s Technical Committee.
The 12th FEC meeting was held at the Council Chamber of the Presidential Villa, Abuja while some ministers participated virtually from their offices.
Buhari presided over the meeting which was also has attended by Vice President Yemi Osinbajo and the Secretary to the Government of the Federation, Boss Mustapha, in attendance.