23
Jun
Hertta-Maria Amutenja Youth entrepreneurs can now access government loans through the newly approved National Youth Fund (NYF). The loans range from N$60,000 to N$200,000. Cabinet last week endorsed the fund’s operational framework and allocated an initial N$257 million. The ministry of information and communication technology said the NYF will use structured lending channels, including market linkage systems, targeted lending, public grants, and policy-based options. The fund will follow a project-based entrepreneurship model, supporting businesses to grow beyond the start-up phase. “The Cabinet approved the common guidelines for the operationalisation of the National Youth Fund, including a fund philosophy and lending…