Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • One Year After, Experts Review Tinubu’s 2024 Protest Speech, Say Progress Minimal
    • ‘Let’s Stop Playing Games’, Reps Fume At Minister As ₦5bn Baro Port Remains Unused
    • Tinubu Urges Governors To Invest More In Poverty Eradication, Others
    • Kano Governor Appoints ICPC Veteran, Saidu Yahya As New Anti-Corruption Boss
    • INEC Mobilises Stakeholders Ahead Of August 12 Voter Registration In Yobe
    • Kaduna Summit Backs Tinubu’s Reforms, Demands More On Education, Citizen Dialogue
    • Keynote Address By Tony O. Elumelu At The African Caucus Meeting
    • Super Eagles Forward, Osimhen Completes Transfer To Galatasaray In Record €75m Deal
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    • HOME
    • NEWS

      One Year After, Experts Review Tinubu’s 2024 Protest Speech, Say Progress Minimal

      August 1, 2025

      ‘Let’s Stop Playing Games’, Reps Fume At Minister As ₦5bn Baro Port Remains Unused

      August 1, 2025

      Tinubu Urges Governors To Invest More In Poverty Eradication, Others

      August 1, 2025

      Kano Governor Appoints ICPC Veteran, Saidu Yahya As New Anti-Corruption Boss

      August 1, 2025

      INEC Mobilises Stakeholders Ahead Of August 12 Voter Registration In Yobe

      August 1, 2025
    • COLUMN

      Balkanisation, Push-Back: Can ADC Weather The Storm? – By Zainab Suleiman Okino

      July 31, 2025

      Buhari: May Our Subsequent Leaders Die At Home (2) – By Dr Hassan Gimba

      July 28, 2025

      New Wave Of Malnutrition And The Road To 2027 – By Dr Dakuku Peterside

      July 28, 2025

      Dignifying The Nigeria Police – By Kazeem Akintunde

      July 28, 2025

      Land Grab: Why UniAbuja Needs Presidential Protection (Part 2) – By Martins Oloja

      July 28, 2025
    • EDUCATION

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024

      FULL LIST: Tinubu Appoints Former SGF Yayale, Ex-Governor Yuguda, Muhammad Abacha, Jega In Universities’ Governing Councils

      May 18, 2024
    • INTERNATIONAL

      Palestinian Newborns Starving In Gaza As Infant Formula Runs Out

      August 1, 2025

      Microsoft Accuses Russia’s FSB Of Using Malware Against Foreign Embassies

      August 1, 2025

      Israel Starves More Palestinians To Death In Gaza As Attacks Continue

      July 31, 2025

      Trump Hits India With 25% Tariff, Extra ‘Penalty’ For Russian Oil Purchases

      July 31, 2025

      Gaza On ‘Brink Of Full-Scale Famine’ As Israel Blocks Crucial Aid

      July 30, 2025
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      Super Eagles Forward, Osimhen Completes Transfer To Galatasaray In Record €75m Deal

      August 1, 2025

      AfroBasket 2025: Nigeria’s D’Tigress To Play Cameroon In Quarter-Final

      August 1, 2025

      Nigeria’s D’Tigress Await Angola, Cameroon As 2025 Afrobasket Enters Quarterfinals

      July 31, 2025

      Manchester United Open Talks To Sign RB Leipzig’s Benjamin Sesko

      July 31, 2025

      Remo Stars Begin NPFL Title Defence Against Rivers United, Abia Warriors Host Pillars

      July 30, 2025
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    Home - AfDB To Establish $100m Investment Bank For Nigerian Youths

    AfDB To Establish $100m Investment Bank For Nigerian Youths

    By Khadija AbubakarOctober 18, 2024
    AFDB

    THE African Development Bank (AfDB) will establish a Youth Entrepreneurship Investment Bank for Nigeria which is part of its support for young people.

    AfDB president Akinwunmi Adesina said this on Friday in Abuja while delivering a keynote address at the 90th Birthday Lecture of former Head of State Yakubu Gowon.

    “I am delighted to announce here today that just three days ago, the African Development Bank’s board of directors approved $100m for the establishment of the Youth Entrepreneurship Investment Bank for Nigeria,” he said.

    UBA

    Adesina said the move underscores AfDB’s resolve to support youths who he believes are critical to the development of the country.

    According to him, the bank will support youths technically and otherwise.

    WIDGET ADS

    “This new bank will support the business of the youths in Nigeria using technical assistance, business incubation, and invest equity, quasi-equity,” and others, the AfDB boss told the audience which included former president Olusegun Obasanjo, governors, ministers, and other top dignitaries.

    He described the development as “a new day and a new day for Nigeria” and warned against the growing wave of migration better called “japa” in local parlance.

    Thomas Sankara African Leadership Prize

    According to him, the mass migration of the country’s youthful population who he says are “voting with their foot” poses a threat to the development of Nigeria.

    “The rate and speed at which Nigerians are leaving the country -the so-called japa syndrome risks undermining Nigeria’s economic drive for economic rejuvenation and positioning for global dominance,” the former minister of agriculture said.

    Nigerian TAX Reform - Federal Goverment

    Adesina attributed this to harsh economic conditions but says the country should tap into the digital revolution to reverse the trend.

    “Nigeria is well-poised to take advantage of these opportunities,” he said.

    “Nigeria also has five out of the top seven unicorn fintech companies in Africa,” the AfDB president said.

    National Orientation Agency Page UP
    National Orientation Agency - Down

    “So, when you have young Nigerians – five out of seven with companies doing that – that tells you the potential that we have to take over the world.”

    The economist says the future of Nigeria’s youthful population lies in the country’s growth.

    “Don’t get me wrong but I don’t believe Nigeria’s youth or Africa’s youth lies in Europe, America, China, or anywhere else. It lies in Nigeria growing very well with equitable growth, and Africa doing the same; able to create jobs for its young people,” he said.

    The event attracted dignitaries from different walks of life. In his eulogy, the AfDB president described Gowon as an “exemplary Nigerian and African leader”.

    “You were an exemplary Nigerian and African leader. As head of state, your leadership was matched by several firsts,” he said while referencing milestones achieved under Gowon’s leadership from 1966 to 1975.

    At the event, former President Olusegun Obasanjo also extolled Yakubu, saying the former head of state deserves all the accolades.

    “This is a national celebration and you are worthy to be nationally celebrated while you are still alive,” Obasanjo said.

    “I look at the galaxy of distinguished men and women around, only very few of them can claim to be eyewitnesses to your time in government not to talk of your time in the army.

    “And because by the grace of God who has given you the longevity of life and who has given me a little bit to be following you, I will just thank God on your behalf that God has made you to reach 90.”

    AfDB Investment Nigerian Youths
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    One Year After, Experts Review Tinubu’s 2024 Protest Speech, Say Progress Minimal

    August 1, 2025

    ‘Let’s Stop Playing Games’, Reps Fume At Minister As ₦5bn Baro Port Remains Unused

    August 1, 2025

    Tinubu Urges Governors To Invest More In Poverty Eradication, Others

    August 1, 2025

    Kano Governor Appoints ICPC Veteran, Saidu Yahya As New Anti-Corruption Boss

    August 1, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    One Year After, Experts Review Tinubu’s 2024 Protest Speech, Say Progress Minimal

    August 1, 2025

    ‘Let’s Stop Playing Games’, Reps Fume At Minister As ₦5bn Baro Port Remains Unused

    August 1, 2025

    Tinubu Urges Governors To Invest More In Poverty Eradication, Others

    August 1, 2025

    Kano Governor Appoints ICPC Veteran, Saidu Yahya As New Anti-Corruption Boss

    August 1, 2025

    INEC Mobilises Stakeholders Ahead Of August 12 Voter Registration In Yobe

    August 1, 2025
    Advertisement
    WIDGET ADS
    News Point NG
    © 2025 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp