Firms seek N100bn bond for youth in biz | Dailytrust

Firms seek N100bn bond for youth in biz

FHT Ventures Plc and its partners want to raise N100 billion from the Nigerian capital market to finance young entrepreneurs interested in investing in agriculture, real estate and solid minerals mining.

The initiative is named the Nigerian Youth Empowerment Project which is initiated and coordinated by FHT Ventures Plc.

The Nigerian Youth and Student Coalition (NYSC) are also partners to the project.

Briefing journalists at the launch of the Nigerian Youth Empowerment Project in Abuja, Thursday, Prince Olubunmi Adewa-Faboro, chairman of FHT Ventures and the e-promoter of the project, said the project now has international partners.

“These youths shall be coordinated through cooperative law and they will be allowed to own shares in the venture. Each state will be coordinated and supervised by the Board of FHT Ventures Plc,” he stated.

There are partners from the Middle East as discussions continue with the Federal Ministry of Trade and Investment on a Private and Public sector Partnership (PPP) arrangement.

President of NYSC, Mr Mummeen Ibrahim, encouraged Nigerian youths to key into the opportunity.

“We call on the federal government, state governments including the Federal Capital Territory to endorse and also give the necessary support for this project as may be requested,” he urged.