The Minister for Youth Development, Jamila Bio Ibrahim, says the Federal Executive Council has approved the establishment of the Presidential initiative of the Youth Entrepreneurship cluster.
According to her, the first six clusters will be activated in the coming weeks, and will empower 50,000 entrepreneurs, “creating up to 500,000 direct jobs and over two million indirect engagements for young Nigerians”.
The minister stated this during the ongoing Ministerial Sectoral Update to mark the first anniversary of President Bola Tinubu’s administration, held at the Radio House in Abuja, on Thursday.
She also highlighted the establishment of the NextGen Bank, a specialised financial institution, which aims to “support youth-led initiatives in strategic sectors, providing vital financial services with an initial government investment of N5 billion, marched by contributions from the Bank of Industry and private sector partners”.
Ibrahim further stated that the Ministry has initiated a National Youth Skills programme to train 300,000 National Youth Service Corps members and 700,000 young people outside the NYSC scheme in the informal sector.
The minister said the Skills programme will serve as the administration’s non-kinetic approach to solving challenges of insecurity.
Details later….