The Federal Executive Council has approved the institutionalisation of a 10 percent youth quota in all government appointments, and equitable young women representation.
Speaking at the end of the 4th FEC meeting on Monday in Abuja, Dr. Jamila Bio Ibrahim, Minister of Youths, said the FEC also approved the restructure of the Nigerian Youth Investment Fund and the revamping of the Youth Investment Fund.
The minister said the quota would encourage young people to participate in decision making processes and in civic engagements.
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She also said the ministry has secured council approval for the immediate release of N25 billion from the 2023 supplementary Appropriation Act and an additional N25 billion from the 2024 Appropriation Act under the Youth Development Fund for Development provision in the budget.
She added that the ministry received an additional approval from the FEC for a N60 billion release from the Central Bank of Nigeria through the agric investment of small and medium enterprises.
Ms Ibrahim said that these schemes would support young businesses and bring a lot of succour to young persons in the country.
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