News
World Bank to Partner NYSC On Corps Empowerment
Joel Ajayi
In it’s efforts towards reducing the increasing number of unemployed youths in the country, the World Bank has indicated interest to partner with the National Youth Service Corps.
It said the Scheme’s achievements over the past fifty-one years, through the deployment of graduate youths across the country has transformed the development landscape of many rural areas.
The Country Director of World Bank, Ndiame Diop, stated this on Tuesday when he led a team on a courtesy visit to the NYSC National Directorate Headquarters in Maitama, Abuja,
He stated further that Corps Members’ efforts in national unity, cohesion and socio-economic development of the country cannot be underestimated.
He lauded the successive batches of Corps Members for reducing the infant and maternal mortality rates in the country.
“The World Bank is interested in supporting NYSC on its developmental strides”, he added.
In his remarks, the Director General of National Youth Service Corps, Brigadier General YD Ahmed lauded the existing synergy between the Scheme and World Bank which has enhanced staff capacity building.
He said Corps Members have tremendously participated in several National assignments like election, population census, sensitization programmes, immunization etc at different times, adding that; “Corps Members are available in all the 774 Local Government Areas in the country”.
The Director General also disclosed that NYSC introduced Skills Acquisition and Entrepreneurship Development into its Orientation Course in year 2012 in order to empower Corps Members with vocational skills that can make them employers of labour.
He said more than Two Million Corps Members have participated in the Skill Acquisition training, while about 600,000 among them have set up their thriving businesses in different locations across the country.
General Ahmed added that Management has partnered with many organizations like the Central Bank of Nigeria (CBN), Bank of Industry (BoI), Access Bank, Unity Bank, Wema Bank, NNPC Foundation among others, which offer loans to Corps Members to start their businesses.
He however disclosed that some Orientation Camps do not have standard Skill Acquisition Training Centres while the start-up capital for Corps Members is also grossly inadequate.
“If the World Bank partners with us, we will be better in what we are doing to reduce youth unemployment”, the DG added.
News
Ogunlesi backs Tinubu reforms as FIRS chairman Adedeji highlights export-led economy
Joel Ajayi
After a high-level meeting with President Bola Tinubu in Abuja, Nigerian-born global investor Adebayo Ogunlesi expressed renewed confidence in the country’s economic reforms, indicating potential mega investments across energy, aviation, and port sectors.
He was joined in that optimism by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), who stressed that the reforms were laying the groundwork for an export-driven economy.
Speaking to journalists after the closed-door meeting, Ogunlesi praised the sweeping policy changes under Tinubu’s administration, including the removal of subsidies, tax reforms, and the revival of a refinery already exporting aviation fuel.
“We had an excellent meeting where we discussed how to put Nigeria front and center for international investment. The President was very encouraging, and we shared useful suggestions on driving economic growth,” Ogunlesi said.
Although he declined to reveal specific details, Ogunlesi confirmed that his firm is actively investing in Nigeria and assessing new opportunities.
“Watch this space. Nigeria is not yet the most exciting investment destination, but that’s what we are working on,” he teased.
Pressed on the sectors of interest, Ogunlesi highlighted energy, gas, aviation, ports, and renewables. Drawing on his firm’s experience with LNG projects in Texas and Australia, he noted Nigeria’s massive untapped gas reserves.
On aviation, he acknowledged his reputation as “the guy who bought Gatwick Airport” and signaled interest in similar ventures locally.
He also admitted that one of his companies operates ports in Cotonou and Lomé but none in Nigeria, a point Tinubu reportedly challenged him on.
“He forgave me but said, ‘you have to bring port investment to Nigeria,’” Ogunlesi recounted with a smile.
International investor Hakeem Bello-Osagie, who was also present, underscored the importance of diaspora participation in Nigeria’s growth story.
“When Nigerians at home and abroad invest in Nigeria, it sends a strong signal to the world,” he said, lauding Tinubu’s policies for making the country “investable.”
Echoing the sentiment, FIRS chairman Adedeji described the reforms as the foundation for an export-led economy.
“We’ve done the fundamentals, and now it is time to deliver growth,” he said.
With global players signaling confidence, the momentum for Nigeria’s economic repositioning is gaining ground, setting the stage for transformative investments in key industries.
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