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Come Up With Innovative Ideas, FG Charges Nigerian Youth

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…As NYCN Hails Buhari, Ministry NYIF initiative

 

Joel Ajayi

 

The federal government has appealed to the Nigerians youth to come up with innovative ideas that could lead to wealth/job creation that will help bring the 9 cardinal goals of the present administration as well as to bring growth and development to the country.

 

The Minister of Youth and Sports Development Mr Sunday Dare gave this charge when Executives of National Youth Council of Nigeria NYCN paid him a visit on Monday in Abuja.

Youth Minister, ably represented by the Permanent Secretary of the Ministry, Mr Gabriel Aduda, noted that the NYCN has taken a bold and commendable step to thank Mr President on the establishment of the NYIF.

 

He stated that the Memo on the establishment of the fund was thoroughly debated and it enjoyed an overwhelming support by members of the Federal Executive Council. This gesture is to enable the teeming population of the Nigerian youth to be economically motivated for sustainability.

 

Mr Dare added that it is important to go beyond empowering the youth into investing in the youth of Nigeria with a common pulse that supports entrepreneurship and small businesses as well as provide the environment for youth to fly with their ideas. He stated that the 75Billion Naira will come in three trenches between now and 2023 nothing that Mr President has given directives to the Minister of Finance, Budget and National Planning alongside the Central Bank Governor to source for the money.

 

According to the Minister, the Ministry through the Technical/Steering Committees that shall be put in place, which will include the youths, shall be working on modalities to enable Nigerian youth to have access to the fund and payback within a short period with not more than 1 digit interest rate.

 

The President, National Youth Council of Nigeria, Amb. Sukubo Sara-Igbe Sukubo, in his response, expressed gratitude to the Honourable Minster whose supervision in the youth constituency has recorded massive positive developments including the National Youth Investment Fund recently approved by Mr President. Sukubo noted that Nigerian youth have experienced a breath of fresh air and hope is kept alive owing to the visionary foresight of the Minister for the growth of the youth of this country.

 

‘To all my fellow Nigerian youths, it is a new dawn for us, the sound of hope echoes in the air. The long-awaited dream has become a reality and I can testify that there is a song of joy in our lips, he said.

 

 

In his vote of thanks, the Hon. Commissioner for Pan Africa Union in Nigeria, Mr. Niyi Oladele, thanked President Buhari for the economic empowerment by creating this National Youth Investment Fund for the Nigerian youth and other programmes of the ministry on social media to keep the youths off the streets.

 

He, however, made a call to the President to kindly direct all youths related activities and programmes scattered in other Ministries, Departments and Agencies of government to be redeployed and warehoused in the Ministry of Youth and Sports Development for proper coordination.

 

 

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NELFUND: The Renewed Hope Engine Propelling Nigeria’s Youth into Tomorrow

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By Dayo Israel, National Youth Leader, APC

As the National Youth Leader of the All Progressives Congress, I have spent most of my tenure fighting for a Nigeria where every young person, regardless of their ward or local government, family income, or circumstance, can chase dreams without the chains of financial despair.

Today, that fight feels like victory, thanks to the Nigerian Education Loan Fund (NELFUND). Launched as a cornerstone of President Bola Ahmed Tinubu’s Renewed Hope Agenda, this initiative isn’t just a policy tweak; it’s a revolution. And under the steady, visionary hand of Managing Director Akintunde Sawyerr, NELFUND has transformed from a bold promise into a roaring engine of opportunity, disbursing over ₦116 billion to more than 396,000 students and shattering barriers for over a million applicants.

Let’s be clear: NELFUND was always destined to be a game-changer. Signed into law by President Tinubu on April 3, 2024, it repealed the outdated 2023 Student Loan Act, replacing it with a modern, inclusive framework that covers tuition, upkeep allowances, and even vocational training—ensuring no Nigerian youth is left on the sidelines of progress.

But what elevates it from groundbreaking to generational? Leadership. Enter Akintunde Sawyerr, the diplomat-turned-executioner whose career reads like a blueprint for results-driven governance. From co-founding the Agricultural Fresh Produce Growers and Exporters Association of Nigeria (AFGEAN) in 2012—backed by icons like former President Olusegun Obasanjo and Dr. Akinwumi Adesina—to steering global logistics at DHL across 21 countries, Sawyerr brings a rare alchemy: strategic foresight fused with unyielding accountability.

As NELFUND’s pioneer MD, he’s turned a fledgling fund into a finely tuned machine, processing over 1 million applications since May 2024 and disbursing ₦116 billion—₦61.33 billion in institutional fees and ₦46.35 billion in upkeep—to students in 231 tertiary institutions nationwide. That’s not bureaucracy; that’s brilliance.

Sawyerr’s touch is everywhere in NELFUND’s ascent. Since the portal’s launch, he’s overseen a digital ecosystem that’s as transparent as it is efficient—seamless verification, BVN-linked tracking, and real-time dashboards that have quashed misinformation and built trust. In just 18 months, the fund has empowered 396,252 students with interest-free loans, many first-generation learners who might otherwise have dropped out.

Sensitization drives in places like Ekiti and Ogun have spiked applications — 12,000 in a single day in one instance, while expansions to vocational centers in Enugu pilot the next wave of skills-based funding. And amid challenges like data mismatches and fee hikes, Sawyerr’s team has iterated relentlessly: aligning disbursements with academic calendars, resuming backlogged upkeep payments for over 3,600 students, and even probing institutional compliance to safeguard every kobo. This isn’t management; it’s mastery—a man who doesn’t just lead but launches futures.

Yet, none of this happens in a vacuum. President Tinubu’s alliance with trailblazers like Sawyerr is the secret sauce securing Nigeria’s tomorrow. The President’s Renewed Hope Agenda isn’t rhetoric; it’s resources—₦100 billion seed capital channeled into a system that prioritizes equity over elitism. Together, they’ve forged a partnership where vision meets velocity: Tinubu’s bold repeal of barriers meets Sawyerr’s boots-on-the-ground execution, turning abstract policy into tangible triumphs. It’s a synergy that’s non-discriminatory by design—Christians, Muslims, every tribe and tongue united in access—fostering national cohesion through classrooms, not courtrooms.

As Sawyerr himself notes, this is “visionary leadership” in action, where the President’s political will ignites reforms that ripple across generations.

Why does this matter to us, Nigeria’s youth? Because NELFUND isn’t handing out handouts—it’s handing out horizons. In a country where 53% of us grapple with unemployment, these loans aren’t just funds; they’re fuel for innovation, entrepreneurship, and endurance.

Picture it: A first-generation polytechnic student in Maiduguri, once sidelined by fees, now graduates debt-free (repayments start two years post-NYSC, employer-deducted for ease) and launches a tech startup. Or a vocational trainee in Enugu, equipped with skills funding, revolutionizing local agriculture. This is quality education that endures—not fleeting certificates, but lifelong launchpads. Sawyerr’s focus on human-centered design ensures loans cover not just books, but bread—upkeep stipends of ₦20,000 monthly keeping hunger at bay so minds can soar. Under his watch, NELFUND has debunked doubts, refuted fraud claims, and delivered results that scream sustainability: Over ₦99.5 billion to 510,000 students by September, with 228 institutions on board.

As youth leaders, we see NELFUND for what it is: A covenant with our future. President Tinubu and MD Sawyerr aren’t just allies; they’re architects of an educated, empowered Nigeria—one where poverty’s grip loosens with every approved application, and innovation blooms from every funded desk. This isn’t charity; it’s an investment in the 70 million of us who will lead tomorrow.

We’ve crossed one million applications not because of luck, but leadership—a duo that’s turning “access denied” into “future unlocked.”

To President Tinubu: Thank you for daring to dream big and backing it with action.

To Akintunde Sawyerr: You’re the executor we needed, proving that one steady hand can steady a nation.

And to every Nigerian youth: Apply. Graduate. Conquer.

Because with NELFUND, your generation isn’t just surviving—it’s thriving, enduring, and eternal.

The Renewed Hope isn’t a slogan; it’s our story, now written in scholarships and success. Let’s keep turning the page.

Dayo Israel is the National Youth Leader of the All Progressives Congress (APC).

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