The Nigerian government has unveiled an impressive plan to boost youth entrepreneurship with the introduction of the Presidential Initiative for Youth Enterprise Clusters, a groundbreaking initiative valued at N110 billion.
This announcement was made during the commemoration of the 2024 World Population Day in Abuja.
In addition to this initiative, the government is also establishing a Youth Data Bank and a National Youth Development Bank.
These efforts are in conjunction with the existing N110 billion Youth Investment Fund, showcasing the government’s commitment to empowering and supporting the country’s young population.
Vice President Shettima, addressing the audience, highlighted the government’s achievements in youth inclusion in governance, meeting the 30% quota across all levels of administration.
He further emphasized that President Bola Tinubu has backed these efforts by approving the substantial sum of N110 billion for the Youth Investment Fund.
The establishment of the National Youth Development Bank and the Presidential Initiative for Youth Enterprise Clusters will serve as pivotal steps towards providing the necessary financial resources and support to young entrepreneurs across Nigeria.
These initiatives aim to boost job creation, enhance economic growth, and foster a vibrant entrepreneurial ecosystem.
Recognizing the importance of data, Vice President Shettima stressed the need for improved data collection, analysis, and technology deployment.
By strengthening data systems, upgrading human resources, and promoting partnerships, the government aims to generate inclusive data that will guide decision-making and drive development.
With President Tinubu at the helm, Nigeria now has a leader who understands the critical role of data in shaping policies and investments.
By harnessing inclusive data sources, the government will align its actions with the needs of the citizens. This includes providing sustainable employment opportunities, ensuring affordable and accessible healthcare services, and delivering quality education for all.
As the Chairman of the National Economic Council, Vice President Shettima pledged to use his position and networks to prioritize the needs of the people and communities, making them the driving force behind Nigeria’s development agenda.
