President William Ruto has directed the Intergovernmental Budget and Economic Council (IBEC) and county governments to develop and implement a two-year business permit waiver for beneficiaries under the National Youth Opportunities Towards Advancement (NYOTA) programme.

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The President announced an event ahead of the release of the second tranche of funds under the programme on Friday, June 10, at the Ulinzi Sports Complex in Nairobi.

“I therefore direct the Intergovernmental Budget and Economic Council, working together with the county governments, to develop and implement a two-year business permit waiver for all NYOTA beneficiaries,” he said.

According to Ruto, the permit is aimed at reducing regulatory barriers facing young entrepreneurs who have received support through the government initiative.

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“Having seen what these young entrepreneurs have achieved with modest support, the government of Kenya now has a responsibility to remove the barriers that still stand in their way. Success should never be constrained by unnecessary bureaucracy,”  he added.

📰 Source: Kenyans.co.ke