Minister of Youth Development, Dr. Jamila Bio Ibrahim, has disclosed that over one million young Nigerians will benefit from the National Youth Skills Program (NYSP) to equip them with the skills needed to thrive in today’s economy.
Ibrahim disclosed in Abuja during the 25th Nigeria Democracy Day Anniversary Youth Program organised to celebrate the country’s 25th Democracy Day, with the theme: “25 Years of Enduring Democracy: Prospects for the Future.”
She revealed that the Ministry is currently drafting bills for the National Assembly to institutionalise a 30 per cent youth quota, restructure the Citizenship and Leadership Training Centre (CLTC), and establish the National Youth Fund (NYF).
“These legislative actions will solidify the Federal Government’s commitment to youth empowerment and ensure sustainable development,” she explained.
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According to the Minister, the restructured Nigerian Youth Investment Fund (NYIF) will commence its call for entries by June 30, 2024, adding that the ministry had already streamlined the process to ensure more young entrepreneurs can access the funds they need to innovate and create jobs.
Ibrahim stated further that the NYSP and the implementation of the NYSC reforms would also begin by July 30, 2024, explaining that the reforms will integrate skill development and entrepreneurship into the service year, making it more impactful and economically beneficial for the graduates.
“The Youth Development Bank will be launched by August 30th, 2024. This bank will provide tailored financial services to youth-led ventures, supporting innovative ideas and business growth,” Jamila added.
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