Youth Empowerment Opportunities for Nigerians by President Buhari
The Buhari Administration has always had youths as centerpiece of its policies. Here is a brief compendium of some initiatives put in place, for Nigerian youths, to reposition and empower them:
– NPOWER: 500,000 enrolled in 2 batches between 2016 and 2020 received 30,000 monthly, with enrolment of 3rd batch of 400,000 in progress.
NYSC : Monthly Allowance increased from N19,600 to N33,000; more than 300,000 beneficiaries monthly.
– 75 billion Naira Nigeria Youth Investment Fund (NYIF), for businesses owned by young Nigerians aged between 18 and 35: https://nyif.nmfb.com.ng/
– Special Public Works Programme to provide 3-month employment to 774,000 young Nigerians across the country (1,000 beneficiaries per LGA): https://specialpublicworks.gov.ng/site/
– $20 million Fund for Nigerian Tech Innovators and Entrepreneurs, managed by : https://www.boi.ng/
– National Young Farmers Scheme: An initiative of the National Agricultural Land Development Authority (NALDA) to engage 1.000 youths in each of the 774 local government areas in mechanized agriculture: https://www.nalda.ng/
– The Accelerated Agricultural Development Scheme (AADS) by the central bank, aims to engage a minimum of 370,000 youths in agricultural production across the country, over the next three years, in collaboration with State Governments: http://cbn.gov.ng/Out/2020/DFD/GUIDELINES%20FOR%20THE%20P-AADS.pdf
– Creative Industries Financing Initiative (CIFI): An initiative of @cenbank in collaboration with the Bankers’ Committee, to provide single-digit financing for the creative sector, as part of efforts to boost job creation in Nigeria. https://www.cbn.gov.ng/out/2019/ccd/creative%20industry%20financing.pdf
– DEEL – D – Digital Skills E – Entrepreneurship E – Employability L – Leadership. Targeting more than 500,000 young Nigerians with opportunities for training and entrepreneurship and leadership: https://noya.ng/initiatives/new-deel.aspx
– NESP-Homes: The Mass Housing Strategy of the Nigeria Economic Sustainability Plan envisages the creation of 1.8 million jobs starting with the construction of 300,000 homes in the next 12 months, using 100% locally sourced materials for construction. https://nesp.ng/document/Jobs.pdf
– The 5M Solar Connections Programme, to expand access to 25 million Nigerians by providing 5 million new connections through the provision of Solar Home Systems, or construction & operation of mini-grids. This will incentivise the creation of 250,000 jobs https://www.cbn.gov.ng/Out/2020/DFD/Solar%20Connections%20Facility%20Guidelines%201.0.pdf
– The Energizing Education Programme (EEP), is an initiative to provide clean power supply to 37 Federal Universities & 7 University Teaching Hospitals across Nigeria (independent power plant, street lighting, development of a world class training centre on renewable energy).Phase 1 has already commenced to deliver 28.5MW to 9 Federal Universities and 1 University Teaching Hospital, using solar hybrid and/or gas-fired captive power plants. https://eep.rea.gov.ng/about-eep/
– Presidential Youth Empowerment Scheme (P-YES), to address the needs of unskilled & less educated youth, by targeting areas of activities that are of importance & are essential to every aspect of our economy, including agriculture, restaurant & catering, fashion design, etc https://twitter.com/p_yes_nigeria https://twitter.com/NSAdhama
– Annual National MSME Awards: https://msmeclinics.com.ng/award-categories/
– The National Survival Fund, designed to reduce the negative impact of COVID-19 on businesses, including but not limited to the following :Free business name registration for 250,000 beneficiaries; One-off Payment of N30,000 to more than 300,000 artisans nationwide; and Payroll support of between N30,000 & N50,000 per staff for between 3 (minimum) & 10 (maximum) staff of qualifying MSMEs, for 3 months. http://survivalfund.gov.ng/
– 52% of loans disbursed by the FG-owned DevBankNG in 2019 were to youths & women-owned businesses. Since 2017, when the bank began operations, the DBN has disbursed more than N150bn through the bank’s 27 Participating Financial Institutions, impacting close to 100,000 MSMEs.