Nigeria Launches Initiative for Youth Economic Growth

By Ene Audu, Abuja

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In a groundbreaking move, the Federal Government of Nigeria has launched a landmark initiative aimed at boosting economic opportunities for Nigerian youth.

The initiative, a result of a partnership between the Federal Ministry of Youth Development, the Federal Ministry of Labour and Employment, and Sapphital Limited, seeks to tackle youth unemployment and promote economic empowerment.

The partnership was formalized through the signing of a Memorandum of Understanding (MoU) by the Minister of Youth Development, Comrade Ayodele Olawande, and the Minister of State for Labour and Employment, Dr. Nkeiruka Onyejeocha. The MoU marks a significant step towards equipping young Nigerians with the skills and opportunities needed to thrive in today’s economy.

Speaking at the MoU signing ceremony held at the Ministry of Labour and Employment, Comrade Olawande highlighted the significance of the Labour Employment and Entrepreneurship Program (LEEP) and the Nigerian Youth Academy (NIYA) platform.

According to him, these initiatives will redefine youth empowerment by providing clear pathways for skills development, job placement, and entrepreneurial growth.

“This partnership goes beyond promises—it is about action. By integrating vocational training, technology, and mentorship, we are committed to equipping Nigerian youth with the right skills to succeed in today’s competitive job market,” he said.

Comrade Olawande further emphasized that the collaboration between the two ministries aligns with President Bola Tinubu’s vision to tackle youth unemployment head-on and drive sustainable economic growth.

“Not only will this initiative prepare young Nigerians for existing jobs, but it will also empower them to become job creators—fostering innovation, enterprise, and prosperity across the nation,” he added.

In her remarks, Dr. Nkeiruka Onyejeocha reaffirmed the commitment of the Ministry of Labour and Employment to job creation under President Tinubu’s Renewed Hope Agenda. She noted that LEEP was designed with the theme “Don’t Leave Anyone Behind”—ensuring that youth, women, and retirees all have access to economic opportunities.

“The Ministry of Labour and Employment is ready to collaborate with all stakeholders to reduce poverty, create wealth, and generate employment opportunities for Nigerians,” she said.

This landmark partnership signals a new era for Nigerian youth, opening doors to innovation, self-reliance, and a thriving workforce for the nation’s future.

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