News
FG To Collaborate With Mastercard Fund To Create Job Opportunities For Nigerian Youth
Joel Ajayi
The Federal Government has disclosed its intention to collaborate with the Mastercard Foundation Fund for Resilience and Prosperity to create job opportunities for the Nigerian youths focusing on men, women, people living with disabilities, and Internally Displaced Persons (IDPs).
The Honourable Minister of Youth Development, Dr. Jamila Bio-Ibrahim made the disclosure when she received the Grants, Finance, and Risk management officer of Mastercard Foundation Fund, Abraham Jeff Ndambuki, who paid her a visit in her office in Abuja.
The Minister said the Ministry is focusing on priority sectors of the Federal Government which are Agriculture, Climate Adaption, Digital Economy, Blue-economy, Mining, and Renewable Energy so as to establish young people in Small and Medium Enterprises (SMEs).
She expressed the preparedness of the Ministry to partner with the Mastercard foundation and advised that participants for the programme should be selected in clusters so that each participant can leverage on the advantage of the others within the same cluster. She posited that this approach would provide greater opportunities for more young entrepreneurs to benefit from the fund.
The Minister promised to provide the foundation with a database of young people who will be beneficiaries and will ensure that the businesses are sustainable and successful.
The Minister further said, *”We are also in the process of designing a framework for the Youth Development Bank. The Youth Investment Fund is in the review process. We want to improve and expand on this programme. We will operationalize the fund. We are well open to ideas on how we can work together and collaborate on those Government priority sectors.”
In his presentation, the Manager Grants, Finance and Risk for the Mastercard Foundation Funds for Prosperity and Resilient, Mr. Ndambuki revealed that the programme had been implemented in 20 African countries, and the Federal Republic of Nigeria is one of them.
He said, *”We have engaged 35 different stakeholders including government officials and the private sector, the programme is in its second phase, the first phase was completed last year, and it lasted for ten years. It was valued at 50 million dollars, and we succeeded in disbursing the entire 50 million dollars across 8 countries.”
Ndambuki further said, “The foundation has come with a second phase and increased the amount to 126 million dollars, which is equivalent to approximately 194 billion naira in today’s rate. The organisation said it would last for the next seven years, so we are now in the first year which is the preliminary stage, that is why we are performing the visibility market research to identify and understand the Nigeria markets.”
He stated that Nigeria is the organisation’s central focus, adding that their presence in the country is to try to identify the key stakeholders they need to partner and engage with as they start the programme this April.
Foreign news
Diplomatic Community in Nigeria Joins Italian Envoy in National Day Celebration
By Joel Ajayi
It was a vibrant evening of joy, connection, and cultural celebration as the Acting Ambassador of Italy to Nigeria, Mr. Iacopo Foti, hosted members of Nigeria’s diplomatic community in Abuja to commemorate Italy’s National Day, la Festa della Repubblica.
Held in the heart of Nigeria’s capital, the event was a memorable gathering marked by laughter, heartfelt exchanges, and a shared appreciation for the enduring ties between Italy and Nigeria.
In his address, Mr. Foti described the occasion as a time to reflect on the core values that define Italy: liberty, democracy, justice, and the enduring creativity and resilience of its people.
“It is a day to celebrate our rich history, our unparalleled cultural heritage, and our contributions to art, science, and innovation,” he said. “But beyond Italy, today we also celebrate the strong and growing bonds between the Republic of Italy and the Federal Republic of Nigeria — our economies, our cultures, and above all, our people.”
The ambassador emphasized the depth of the bilateral relationship, recalling that diplomatic ties between Italy and Nigeria were established on February 20, 1960. He noted that since the 1970s and 1980s, Nigeria has become a second home for many Italians who have contributed significantly across various sectors.
“We are proud to be part of this welcoming and vibrant society,” he said. “I have personally witnessed the dedication, entrepreneurial spirit, and warmth of the Nigerian people, as well as their hospitality toward the Italian community.”
Looking ahead, Mr. Foti expressed optimism about the future of Italy-Nigeria relations, pointing to untapped opportunities for deeper economic cooperation, technological collaboration, and cultural and academic exchange.
“Nigeria is a cultural powerhouse, a leader in Africa and globally in art, literature, and film,” he remarked. “Italy, with its deep-rooted cultural legacy, is eager to expand its engagement with Africa, and particularly with Nigeria.”
He acknowledged the growing Nigerian interest in Italian culture — from fashion and design to cinema and tourism — while noting that Italy hosts the third-largest Nigerian diaspora community globally, after the United States and the United Kingdom.
The ambassador also highlighted the countries’ cooperation on global challenges such as climate change, peace and security, migration, and human trafficking. Both nations are signatories to the Paris Agreement and active participants in global policy dialogues.
“Our relationship is built on mutual respect and understanding,” he noted. “We see this in our economic ties, cultural exchanges, love for football, and the increasing number of Nigerians who study and travel to Italy, as well as Italians drawn to Nigeria’s rich history and culture.”
He pointed out the many shared qualities between Italians and Nigerians, from strong family values and communal bonds to a vibrant fashion industry and a dynamic film sector.
“We are both historically migrant societies that have achieved success abroad while keeping close ties to our homeland,” Mr. Foti said. “We share humor, resilience, and a deep appreciation for life’s ironies.”
Addressing the issue of stereotypes, he cited renowned Nigerian author Chimamanda Ngozi Adichie, saying: “The single story creates stereotypes, and the problem with stereotypes is not that they are untrue, but that they are incomplete.”
He concluded by expressing gratitude for the support of Nigerian authorities and all who attended the celebration.
“On behalf of the Italian government and the people of Italy, I extend my sincere thanks to everyone who joined us. Your presence is a testament to the strength of our friendship and our shared future.”
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