FG Inaugurates Technical Committee For The Establishment Of Youth Bank

Minister for Youth Development, Comrade Ayodele Olawande, today, inaugurated a Technical Committee for the establishment of Youth Bank. The Committee comprised representatives from the Bank of Industry, Central Bank of Nigeria, the Federal Ministry of Finance, Nigeria Sovereign Investment Authority, as well as nominated officials of the Ministry of Youth Development.

While giving the opening remarks at a brief inauguration ceremony held in the conference room of the Minister, the Permanent Secretary of the Ministry of Youth Development, Mr. Olubunmi Olusanya spoke extensively on the importance of the committee. He observed that despite the remarkable potential of Nigerian youth, many young people lack the resources, networks, and financial support needed to fully realize their ambitions. He noted that the planned Youth Bank was intended to fill this void.

Mr. Boneventure Okhaimo, a representative from the Bank of Industry, expressed the readiness of the bank to work with the Ministry and other stakeholders to actualize the vision of President Bola Ahmed Tinubu’s administration, while outlining the significance of the committee and its relevance to the success of the Youth Bank.