The Federal Ministry of Youth Development has signed a Memorandum of Understanding (MoU) with Flutterwave to advance youth empowerment, mentorship, and access to start-up funding. The signing ceremony, presided over by the Honourable Minister for Youth Development, Comrade Ayodele Olawande, was attended by senior officials, including the Permanent Secretary, Mr. Olubunmi Olusanya.
Under this partnership, the Ministry and Flutterwave will launch strategic initiatives to equip young Nigerians with essential digital skills, mentorship opportunities, and access to funding for start-ups. A key aspect of this collaboration will see Flutterwave streamlining stipend disbursements for National Youth Service Corps (NYSC) members, ensuring faster, more efficient financial access.
This initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda and his eight priority pillars, which emphasize job creation, youth empowerment, and economic growth. The Director of Legal Services at the Ministry, Mr. Ernest Ezebilo, underscored the partnership’s significance in equipping Nigerian youth with the tools they need to succeed.
Flutterwave Co-founder and CEO, Olugbenga Agboola, reaffirmed the company’s commitment to leveraging technology to create sustainable opportunities for young Nigerians. He emphasized that this collaboration would help build a robust support system for aspiring entrepreneurs and job seekers.
Minister Olawande lauded Flutterwave’s role in advancing youth-focused initiatives, describing the partnership as a pivotal step toward realizing President Tinubu’s vision for youth empowerment. He highlighted the involvement of key agencies under the Ministry, including the National Youth Service Corps (NYSC) and the Citizenship & Leadership Training Centre (CLTC), in implementing these programs.
“This partnership directly contributes to achieving the President’s eight priority pillars by: Creating jobs and driving economic growth, Expanding access to training, mentorship, and funding for young entrepreneurs, Supporting youth-led businesses to foster innovation and industrialization, Strengthening technical and leadership training programs, Enhancing access to capital for start-ups, Leveraging digital innovation to create sustainable employment opportunities Promoting civic engagement through NYSC and CLTC initiatives and Demonstrating the impact of public-private sector collaboration in national development,” Comrade Olawande stated.
The Honourable Minister reaffirmed that this partnership with Flutterwave will significantly enhance the Ministry’s mission to empower Nigerian youth, positioning them as key drivers of the nation’s economic transformation.
The Honourable Minister, Federal Ministry of Youth Development, Comrade Ayodele Olawande poses for a group photograph with management staff and representatives from Flutterwave and Alami Capital Management Group Limited during the signing of the Memorandum of Understanding (MoU).
Signed
Omolara Esan CM, NIPR
Director (Information and Public Relations)
Federal Ministry of Youth Development
