The Nigerian government, through the Unlock Training Programme, has allocated N100 million to aid 200 youths in kickstarting businesses in their respective fields of expertise. This initiative is part of a broader strategy to enhance economic development by leveraging the potential of youth through technical, vocational, and entrepreneurship education.
Key Program Details:
- N100 million disbursed to 200 youths, equating to N500,000 per recipient.
- Event held in Abuja, facilitated by the Corporate Affairs Commission for incorporation certificates issuance and a commercial bank for crediting beneficiaries’ accounts.
Administration and Training:
Mrs. Abiola Arogundade, Senior Special Assistant to President Bola Tinubu on Technical and Vocational Entrepreneurship Education (TVEE), outlined the program’s thorough process. Applicants submitted one-minute videos showcasing their TVEE skills, future plans, and desired government support. Approximately 10,000 participants underwent a 10-day intensive training covering crucial aspects of business management.
Awards and Grants:
- 120 participants with the best business plans received N500,000 each.
- 80 individuals were recognized for their exceptional skills.
- Four solar-powered kiosks were awarded to support business development in areas such as hairdressing, catering, and general purposes.
Broader Government Initiatives:
Mrs. Arogundade highlighted other initiatives by the Tinubu administration, including:
- Inclusion of TVEE in student loans.
- Establishment of a Skills Council and Human Capital Development Council.
- Implementation of initiatives like SUPA (Skill-Up Artisans) and ITF to upskill artisans.
Education Sector Focus:
Dr. Tanko Sununu, Minister of State for Education, emphasized technical and vocational education’s importance in addressing the issue of out-of-school children in Nigeria. This approach provides practical skills for sustainable employment and entrepreneurship opportunities.
The Unlock Training Program is a significant stride toward empowering Nigerian youth and fostering economic development through vocational and technical education. Through financial support and comprehensive training, the government enables young entrepreneurs to establish sustainable businesses and contribute to the nation’s economy.
