News
NYDB Technical Committee Presents Game-Changing Proposal to Youth Minister for Empowering Nigerian Youth
Joel Ajayi
The Technical Committee of the National Youth Development Bank (NYDB) met with the Honourable Minister of Youth Development, Comrade Ayodele Olawande, to present a groundbreaking proposal aimed at tackling the funding and inclusion challenges faced by young Nigerians.
The proposal seeks to empower the youth and enhance their opportunities for development.
During the high-level presentation in Abuja, the Co-Chairman of the Committee, Mr. Bonaventure Okhaimo, outlined strategic initiatives designed to provide financial support, skill development, and innovative funding solutions tailored to the needs of young people. He added that the proposal seeks to bridge the gap between youth-driven enterprises and sustainable financial resources, fostering long-term economic impact.
Mr. Okhaimo explained that, with Nigeria’s rapidly growing youth population, the country is at a critical juncture where economic empowerment and financial inclusion are essential to unlocking the full potential of its young citizens.
“The Bank’s mandate is based on the recognition that access to finance is one of the most significant barriers preventing Nigerian youth from actively participating in business, innovation, and wealth creation,” he said.
He further emphasized that the NYDB will adopt a diverse funding approach, with the Bank being majority-owned by the Federal Government.
The NYDB structure will also accommodate additional funding from various sources in subsequent years, including government allocations, development finance institutions, private sector contributions, and innovative financing mechanisms such as youth intervention funds, concessional loans, and blended finance models.
In his response, the Honourable Minister, Comrade Ayodele Olawande commended the committee’s efforts and reiterated President Bola Ahmed Tinubu’s commitment to supporting initiatives that empower young Nigerians.
He emphasized the importance of financial empowerment in reducing unemployment and promoting innovation across various sectors.
Comrade Olawande expressed optimism about the next steps in realizing the proposed initiatives and collaborations, which he said are expected to effectively refine and implement the proposal.
Foreign news
NTAC Hails Tinubu; Volunteers Ready to Positively Impact Nigerians
Joel Ajayi
The Nigerian Technical Aid Corps (NTAC) has commended President Bola Tinubu for funding the Technical Aid Corps (TAC) Scheme.
The Director General (DG) of NTAC , Dr Yusuf Yakub, made the commendation during a ceremony to receive five returning TAC volunteers from Zanzibar, Tanzania on Tuesday in Abuja.
The returning volunteers also expressed readiness to impact knowledge gained from participating in the programme on Nigerians.
TAC is a mechanism for Nigeria’s foreign aid and technical assistance to African, Caribbean and Pacific countries through the use of Nigeria’s abundant trained manpower.
Yakub lauded Tinubu’s visionary leadership and steadfast support for the TAC Scheme.
Welcoming the volunteers who had discharged themselves as worthy ambassadors in Zanzibar, the D-G thanked them for their patriotism, dedication to service and for making Nigeria proud on the international arena.
The NTAC boss highlighted the importance of knowledge-sharing, while announcing that certificates of completion will be presented to the volunteers in line with the noble objectives of the service.
He also emphasised the volunteers’ crucial role in passing on the skills and experiences gained in Zanzibar.
He expressed optimism that their efforts would positively impact the lives of Nigerians across the country and shape the expectations and service-delivery of future prospective volunteers.
Earlier speaking, Amb. Zakari Usman, the Director of Programmes for NTAC, expressed gratitude to the D-G for his unwavering support and provision for the volunteers throughout their service period.
He said that the volunteers had so delivered on the mandate of the agency that citizens of Zanzibar did not want them to leave their country.
Popoola Adegoke, the Team Lead and a Mathematics Instructor for the batch of returning volunteers, was full of gratitude to the Federal Government for providing them the opportunity to participate in the scheme.
Adegoke said that Nigeria, was well blessed and had the abundance of both human and natural resources to contribute meaningfully to the development of many countries of the world.
He said that the need to continue the TAC Scheme was not negotiable, owing to its high impact and results.
Mohammed Salisu, a Physicist, said that the experience had broadened his horizon as his orientation during the last 24 months in Zanzibar, especially on the cultural exchange.
He lauded the government for the scheme, saying that Nigeria is seen and perceived to be higher in all ranking, especially in the standard of living and educational system.
He also appealed to the government to sustain the scheme to close the gaps both the educational and professional systems in the African, Caribbean and the Pacific Countries.
NAN
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