As Nigeria continues to grapple with the challenges of unemployment, poverty, and inequality, the need for effective youth empowerment and employment initiatives has become more pressing than ever. The country’s youthful population, with over 70% of its citizens under the age of 30, presents a significant opportunity for economic growth and development. However, this demographic dividend can only be realized if the government and other stakeholders invest in programs that equip young people with the skills, knowledge, and support needed to succeed in the workforce.
The administration of President Bola Ahmed Tinubu has recognized the importance of youth empowerment and employment, and has launched several initiatives aimed at addressing the challenges faced by young Nigerians. One of the flagship programs is the Nigeria Youth Investment Fund (NYIF), which provides financial support to young entrepreneurs and small business owners. The program has already begun to bear fruit, with thousands of young people accessing funding and training to start or expand their businesses.
Another key initiative is the National Youth Service Corps (NYSC) Skills Acquisition and Entrepreneurship Development (SAED) program. This program provides NYSC members with training and support in various vocational skills, such as agriculture, construction, and ICT. The program has been highly successful, with many participants going on to start their own businesses or secure employment in their chosen fields.
In addition to these programs, the government has also established the Ministry of Youth and Sports Development, which is responsible for coordinating youth empowerment and employment initiatives across the country. The ministry has launched several programs, including the Youth Empowerment and Development Programme (YEDP), which provides training and support to young people in areas such as entrepreneurship, leadership, and life skills.
The private sector has also played a critical role in supporting youth empowerment and employment initiatives. Many companies, such as banks and telecommunications firms, have established programs to provide training, mentorship, and employment opportunities to young people. These programs have not only helped to reduce unemployment but have also provided young people with the skills and experience needed to succeed in the workforce.
Despite these efforts, there is still much work to be done. Unemployment remains a significant challenge, particularly among young people. According to the National Bureau of Statistics (NBS), the unemployment rate among young people aged 15-24 is over 50%. This is a stark reminder of the need for sustained investment in youth empowerment and employment initiatives.
To address this challenge, the government and private sector must work together to create more jobs and opportunities for young people. This can be achieved through initiatives such as apprenticeships, vocational training, and entrepreneurship programs. Additionally, there is a need for greater investment in education and skills development, to ensure that young people have the skills and knowledge needed to compete in the modern workforce.
Conclusively, youth empowerment and employment are critical to Nigeria’s future prosperity. The initiatives launched by the government and private sector are a step in the right direction, but more needs to be done to address the challenges faced by young people. With sustained investment and commitment, Nigeria can unlock the potential of its youthful population and create a brighter future for all.
Signed:
Omoluogbe Ruth
FIC Benin city
26 March, 2025
