News
FG Re-Launches NYSP to Create Over 5 Million Job
Joel Ajayi
In a continuous effort to tackle unemployment affecting the fabric of Nigeria’s existence, the Federal government on Thursday re-launched the National Youth Skills Programme NYSP for sustainable growth innovations that will help build Nigeria’s future that will impact future generations.
NYSP is an initiative of the Federal Ministry of Youth Development that addresses the critical skills gap among Nigerian Youth.
Speaking at the launching of NYSP in Abuja, the Minister of Youth Development, Dr Jamila Bio-Ibrahim will launch the National Youth Skills Programme (NYSP) and stated that relaunching the initiative will turn things around for Nigerian Youth.
According to her, our nation is at a pivotal moment. The future of our youth, the heart of our progress, hangs in the balance.
“Let us imagine a Nigeria where every young person has the skills to pursue their dreams.
“This vision fuels the (NYSP). Today, we are taking a significant step towards turning this vision into reality. I am thrilled to introduce the National Youth Skills Program (NYSP), a daring initiative crafted to ignite the flame of potential in our youth and pave the way for a brighter future.
“This program is not just a new initiative but a bold and transformative strategy to tackle one of our nation’s most pressing issues—youth unemployment.
“Right now, over 42.5% of our young people, the lifeblood of our nation, remain unemployed. About 33 million young Nigerians wake up daily without a clear path. This is not just a statistic—it’s the story of potential untapped, dreams deferred, and futures put on hold. We cannot afford to let this continue, and that’s why the National Youth Skills Program is so crucial.
“The NYSP is designed to turn this around. We are targeting 11 key sectors that are vital to Nigeria’s development and can create millions of jobs. Sectors like agriculture, renewable energy, and the digital economy can potentially drive Nigeria’s future, and the NYSP is the key to unlocking this potential. With the right skills and training, our youth cannot only find employment but also become the driving force behind these sectors, creating a ripple effect of job opportunities.
“Through the Nigerian Youth Investment Fund (NYIF), we have already allocated ₦110 billion for the 2024 fiscal year to support youth-led businesses. With the upcoming National Youth Development Bank, we will expand this, providing more youth with the grants, loans, and mentorship they need to turn their ideas into thriving enterprises.
“What makes the NYSP truly special is our commitment to inclusivity. We ensure that this program reaches every corner of Nigeria—from the bustling cities of Lagos and Abuja to the most remote villages in Borno, Benue, and Bayelsa. No young person should feel that opportunity is beyond their reach.
We know that women and persons with disabilities are often left out of the economic conversation.
“That’s why we’ve committed to ensuring that 50% of program participants will be female, and we have designed specific pathways for young women to thrive in sectors like technology, healthcare, and entrepreneurship. We’ve also partnered with local and international organizations to ensure that persons with disabilities have full access to all training programs, with necessary accommodations provided. This isn’t just a program for a select few—this is a program for all young Nigerians, regardless of their gender, background, or abilities.
“We have learned valuable lessons from previous skills programs. For instance, past initiatives often focused solely on training without providing the necessary financial support, which meant many young people had the skills but lacked the capital to start their businesses. With the NYSP, we are bridging that gap. We’re not just offering skills training; we’re providing a holistic solution one that includes mentorship, financial backing, and industry partnerships.
“As we launch this initiative today, we are doing more than just kicking off another government program. We are laying the foundation for a future where every young Nigerian has the skills, opportunities, and support to achieve their dreams. This is about renewed hope. It’s about allowing our youth to build the life they want here in Nigeria without looking elsewhere.”
She sought the support of all the stakeholders to join hands with the ministry to help build Nigeria’s future and impact generations to come.
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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