At a Commonwealth meeting in 2018, President Muhammadu Buhari labeled Nigerian youths as ‘lazy’ and ‘entitled.’ His comments sparked anger among the youths. It is therefore a surprise that the administration would invest in the group which it believes only ‘sits and do nothing’ through schemes such as the Nigeria Youth Investment Fund (NYIF), an initiative of the National Ministry for Youths and Sports targeted at financing youth-led innovations.
No doubt, the youth fund is a noble idea. Problem is, the federal government has a disturbing history of recycling projects. Existing schemes such as the Agricultural Credit Support Scheme, the Youth Entrepreneurship Development Program (YEDP), the Small and Medium Enterprises Development Agency (SMEDAN) and the Targeted Credit Facility are struggling to achieve target goals despite having received billions of federal funding….
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