By Chioma Obinagwam
Nigerian Senator (legislator) and human rights activist, Shehu Sani, has taken to his official Twitter handle to advise the Federal Government of Nigeria on how to disburse the N75 billion Nigeria Youth Investment Fund (NYIF).
Read also: CBN unveils framework for N75bn Youths Investment Fund
“To the FG; Seek the advice of the Youths before you disburse that N74 Billion,so that it doesn’t end up in ‘another warehouses’,” he disclosed on Twitter.
To the FG;Seek the advice of the Youths before you disburse that N74 Billion,so that it doesn’t end up in ‘another warehouses’.
— Senator Shehu Sani (@ShehuSani) October 29, 2020
Confiance News recalls that on Wednesday, October 28, the Central Bank of Nigeria (CBN) released a guideline for the disbursement of the fund which aims to support youths particularly those engaged in the Small and Medium Enterprises (SMEs).
Prior to the release of the NYIF framework, there have been massive looting of relief items/palliative by Nigerians at warehouses were these items were packed in the country.
Hunger in the land! See Video of the scramble for palliative in one of the warehouses in Nigeria
Most Nigerians, however, have accused the government of lack of accountability and transparency.
Senator Sani is of the opinion that if the Federal Government do not engage the youths before the disbursement of the funds, the funds may go the way of the COVID-19 palliative.
Leave a comment