YEN Lauds Buhari, Sunday Dare Over N75Billion Youth Investment Fund

MICHAEL AKINOLA

The Young Entrepreneurs of Nigeria, YEN, also known as the Association of Youth Entrepreneurs of Nigeria, the umbrella body for Nigerian Young Entrepreneurs has commended President Muhammadu Buhari and Mr. Sunday Dare, Honourable Minister of Youth & Sports Development, for the establishment of the 75 Billion Naira Nigerian Youth Investment Fund aimed at funding and supporting youth driven innovative ideas, skills, talents and enterprise while driving SMEs and youth entrepreneurship development in Nigeria.

According to the statement signed by National President of the Association, Mr. Chris Kohol, the Association sincerely appreciates the efforts of President Muhammadu Buhari and Mr. Sunday Dare in recognizing the plights and potentials of Nigerian young entrepreneurs by creating a N75Billion investment fund that will serve as credit and loan facility for aspiring and existing Nigerian young entrepreneurs cross the country.

According to Mr. Chris Kohol, this act of President Buhari deserves great commendation as it remains the very first of its kind by any Nigerian leader.

“He further reiterated that as a Business Association championing youth entrepreneurship development across Nigeria for the past 5 years as the umbrella body for Nigerian young entrepreneurs, YEN is very excited about this innovation. Our millions of members across Nigeria, USA and UK are also excited and grateful to President, Muhammadu Buhari and Mr. Sunday Dare for this great opportunity. As a body, we are very certain that this Fund, if well utilized as planned, will boost the country’s GDP and reduce the increasing unemployment rate in Nigeria which has been worsened by the COVID-19 pandemic” Mr. Kohol said.

The Young Entrepreneurs of Nigeria, YEN, is the umbrella body and voice for Nigerian young entrepreneurs championing youth entrepreneurship development in Nigeria through access to mentorship, entrepreneurship training, technical support, network, funding and access to market while driving trade, business and innovation in the long run for national productivity and socio-economic development of Nigeria.

It is interesting to note that the organization has His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi, Ooni of Ife, as the Grand Patron with many other eminent Nigerians as Patrons and honourable members.