The Federal Government on Saturday doled out N100 million grants to 200 Nigerian youths selected from across the country to boost their potential for economic development.
In Abuja, the Senior Special Assistant to the President on Technical, Vocational and Entrepreneurship Education, Abiola Arogundade, presented grants to 200 young entrepreneurs at an ‘Unlock Training’ program.
“This program is designed to unlock the potential of our young entrepreneurs and drive national growth,” Arogundade said.
Raising Young Entrepreneurs
Jerrymusa.com reports that the grants, totaling N500,000 each, were awarded to 120 fresh entrepreneurs and 80 existing business owners who demonstrated exceptional business plans and skills.
The recipients were selected from a six-week presidential campaign that encouraged youths to showcase their skills and future plans through a one-minute video submission.
Arogundade emphasized that the training program covered essential business skills, including business planning and money management. “We want to ensure that our young entrepreneurs have the necessary skills to succeed in business,” she said.
She assured the entrepreneurs that President Bola Ahmed Tinubu is committed to promoting technical and entrepreneurship education through various initiatives across the country.
“The President is dedicated to empowering young Nigerians and fostering economic development,” she noted.
The Minister of Youth Development, Jamila Bio-Ibrahim, has also announced plans to reform and restructure the National Youth Service Corps Scheme, including funding entrepreneurial ventures for over 5,000 corps members with N10 million.
“We are committed to providing opportunities for our young people to succeed,” Bio-Ibrahim said.
These initiatives aim to empower young Nigerians and foster economic development.