BY NEWS DESK, NOVEMBER 20, 2024 | 10:36 AM
The Federal Government on Tuesday revealed plan to establish a National Youth Development Bank and a Youth Data Bank.
President Bola Tinubu, represented by his vice, Kashim Shettima, disclosed this at a Stakeholders Roundtable on Northern Youth Development organised by the Sir Ahmadu Bello Memorial Foundation, in Abuja,
The President described the banks as crucial tools for “providing financial and informational support to young Nigerians.”
He said since assumption of office, his administration unveiled a comprehensive youth development strategy spanning multiple key sectors to drive Nigeria’s economic transformation.
Mr Tinubu extolled the legacy of the late Sardauna of Sokoto and former Premier of Northern Nigeria, Ahmadu Bello
” The late Sir Ahmadu Bello, the Sardauna of Sokoto, was one of the towering giants on whose shoulders we have ascended as a nation.
”His vision was clear: the North cannot progress in isolation, and Nigeria cannot prosper unless every part of this nation thrives,” he said.
Mr Tinubu declared that the development of Northern Nigeria remains fundamental to the nation’s prosperity.
According to him, “whatever disrupts the growth of one region sets back the entire nation.
“For far too long, we have been taunted as a nation with the most children out of school—a reality that should not elicit pride but provoke urgent action.
“This alarming statistic has turned the promise of our population into a challenge rather than the dividend it ought to be,” he added.
Mr Tinubu re-echoed his administration’s pioneering youth development initiatives, including the three million Technical Talent, 3MTT, programme and the Presidential Initiative for Youth Enterprise Clusters.
“Our creative and digital economy is another goldmine,” the President said, outlining programmes such as the Skill-Up Artisans Programme, SUPA, Nigerian Youth Academy, NIYA, and the National Youth Talent Export Programme, NATEP.
He listed other programmes to include the Nigeria Education Loan Fund, NELFUND, for higher education access, Investment in Digital and Creative Enterprises, iDICE, for digital entrepreneurship.
They also included, Outsource to Nigeria Initiative, OTNI, for global market participation, Youth Enterprise Clusters for business development, and the Renewed Hope Housing Scheme to address accommodation needs.
On agriculture, the President said that investments in the sector and industrialisation would further position the North as Nigeria’s foremost agricultural hub.
Addressing the region’s security challenges, Tinubu further outlined measures “to restore stability to the North.
”The measures include strengthening community policing, rehabilitating displaced persons, and addressing cross-border challenges like smuggling and insurgency.”
He emphasised the urgency of the moment, saying ” By 2050, Nigeria will become the third-largest nation globally, with three-quarters of our citizens under the age of 21.
“Our challenge here is to engineer a transition towards a federation defined by order, stability, and safety,” he added, noting that “this task is both urgent and achievable.”
The President also made a direct challenge to young Nigerians: “You are not just the future of this nation—you are its present.
”Your energy, ideas, and determination are already shaping our policies and programmes.”
“Our commitment is to provide you with the skill set and opportunities to thrive in a competitive world”.
He assured that the administration would unlock the potential of the Nigerian youth, ensuring that their dreams transform the country into an enduring symbol of democracy, development, and progress.
Speaking in the same vein, the Sultan of Sokoto, Sa’ad Abubakar III, emphasised the critical role of youth education in national development.
‘ Our youths are the foundation of any development we envisage in our society. They are not just leaders of tomorrow but leaders of today,” he said.
The Sultan further highlighted the importance of continuous dialogue with the youth, stating that “forums like this must be held continuously to dialogue with our youths across the northern states.”
He emphasised the primacy of education, asserting that it “is the strongest legacy any leader can leave to society.
“Without education, you are a nobody. I believe in infrastructural development like roads and bridges but more money should be spent educating our children.
“That is why we need to dwell more on how we can ensure that our children are educated.”
Earlier, the Chairman of the foundation’s Board of Trustees, Muazu Babangida, noted that the event marked the foundation’s 15th anniversary.
(NAN)
Conflict Reporting is dangerous and risky. Our reporters constantly face life-threatening challenges, sometimes surviving ambushes, kidnap attempts and attacks by the whiskers as they travel and go into communities to get authentic and firsthand information. But we dare it every day, nonetheless, in order to keep you informed of the true situation of the victims, the trends in the conflicts and ultimately help in peace building processes. But these come at huge cost to us. We are therefore appealing to you to help our cause by donating to us through any of the following means. You can also donate working tools, which are even more primary to our work. We thank you sincerely as you help our cause.
Alternatively, you can also email us on
info@yen.ng or message us
via +234 803 931 7767
