Monday
September 20
2021

Ford, Macarthur Foundations Launch $5 Million Fund to Support ‘Youth Ecosystem’ in Nigeria

NYFF is a five-year collaborative fund seeded by $3 million from the Ford Foundation and $2 million from the MacArthur Foundation.

The Ford Foundation and MacArthur Foundation have announced the launch of the Nigeria Youth Futures Fund (NYFF), a new $5 million fund that will support and strengthen the youth leadership ecosystem in Nigeria.

In close partnership with LEAP Africa, who will be managing the fund, NYFF will build on momentum in the region inspired by the youth-led #EndSARS movement.

Young people under the age of 30 comprise more than 70 percent of Nigeria’s population, with projections that this figure will continue to grow over the next few decades.

Given the significant number of youth, researchers have suggested that the future progress of Nigeria is based upon the extent to which young people are educated, skilled, healthy, and active in civic and political processes, including their involvement in the formation of long-term development strategies.

Photo courtesy of Lagos Techie.

Source: Premium Times (link opens in a new window)

Categories
Education, Entrepreneurship
Tags
education, emerging economics, entrepreneurship, funding, social impact, youth