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Nairaland Forum / Nairaland / General / Business / FG Unveils Initiative To Reduce Unemployment By 20% In Five Years In Nigeria (100 Views)
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FG Unveils Initiative To Reduce Unemployment By 20% In Five Years In Nigeria by Sirwyte001(m): 3:41pm On Oct 08, 2024 |
The Nigerian government has launched a new program called the National Youth Skills Program (NYSP) to combat youth unemployment and provide young people with valuable skills. The Minister of Youth Development, Jamila Ibrahim, announced the program at an event in Abuja weeks back. Ibrahim stated that the NYSP aims to reduce youth unemployment by 20% within five years and increase youth-led businesses by 50%. “Through regular assessment, feedback loops and data analysis, we will adjust our strategies as needed to ensure that we stay on track and that no one is left behind” she stated. “With the right skills and training, our youth cannot only find employment but also become the driving force behind these sectors, creating a ripple effect of job opportunities.’’ According to her, beyond technical skills, the government is committed to empowering the youths with financial tools to succeed. “It is not enough to be skilled; we must ensure these young men and women have access to the capital they need to start their business. “Through the Nigerian Youth Investment Fund, we have already allocated 110 billion naira for the 2024 fiscal year to support youth-led businesses. According to her, this initiative will be expanded with the upcoming National Youth Development Bank, providing more youth with the grants, loans and mentorship they need to turn their ideas into thriving enterprise. Read more: https://moniepedia.com/news/fg-unveils-initiative-to-reduce-unemployment-by-20-in-five-years-in-nigeria/
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Re: FG Unveils Initiative To Reduce Unemployment By 20% In Five Years In Nigeria by BlueStripper: 4:06pm On Oct 08, 2024 |
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