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    Home » Govt to reduce unemployment by 20% through youth programme – Minister

    Govt to reduce unemployment by 20% through youth programme – Minister

    September 15, 2024
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    *Dr Jamila Ibrahim, Minister of Youth Development,

    Lagos — The Federal Government has unveiled the National Youth Skills Programme, NYSP, a transformative initiative aimed at addressing youths unemployment and equipping them with essential skills for the future.

    Dr Jamila Ibrahim, Minister of Youth Development, said at the unveiling event on Thursday in Abuja, that the programme was developed to tackle unemployment and equip young people with employable skills.

    “The key goals are to reduce youth unemployment by 20 per cent in the next five years and achieve up to a 50 per cent increase in youth-led enterprise.

    “Through regular assessment, feedback loops and data analysis, we will adjust our strategies as needed to ensure that we stay on track and that no one is left behind.

    “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 opportunitiesm,’’ the minister stated.

    According to her, beyond technical skills, the government is committed to empowering the youths with financial tools to succeed.
    “It is not enough to be skilled; we must ensure these young men and women have access to the capital they need to start their business.
    “Through the Nigerian Youth Investment Fund, we have already allocated 110 billion naira 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 enterprise,’’ the minister added.
    She maintained that woman and persons with disabilities were often left out of the economic conversation, saying that was why the government is committed to ensuring that 50 per cent of programme participants will be female and has designed specific pathways for young women to thrive in sectors like technology, healthcare and entrepreneurship.’’
    Ibrahim said that the framework would also allow them to track key performance indicators such as the number of jobs created, the success rate of youth-led businesses and the overall contribution to national economic growth.

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