President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to equipping Nigerian youths with digital literacy, technical skills, and entrepreneurial expertise to position them as key players in the global economy.
Speaking at the official launch of the Nigerian Youth Academy (NiYA) at the Presidential Villa in Abuja, the President, represented by Vice President Kashim Shettima, emphasized the need to harness Nigeria’s youthful demographic advantage. With a median age of 17 years, Nigeria is one of the youngest populations in the world and is projected to become the third most populous country by 2050, with a significant majority under 21.
In a statement issued by Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications (Office of the Vice President), Tinubu outlined NiYA’s strategic focus on education and skills development, economic empowerment, and leadership and civic engagement.
“Initiatives like the Youth Investment Fund and the Presidential Initiative for Youth Enterprise Clusters will provide financial support, mentorship, and resources to young entrepreneurs. Additionally, the establishment of a National Youth Development Bank will ensure access to capital, turning ideas into thriving businesses,” he stated.
Bridging the Skills Gap
Minister for Youth Development, Ayodele Olawande, highlighted NiYA’s mission to address the skills gap in the job market, ensuring that young Nigerians are equipped with relevant expertise.
“This initiative is for every Nigerian youth. NiYA reflects President Tinubu’s commitment to helping young people build a better future, empowering them to create opportunities for themselves and their families,” Olawande said.
Meanwhile, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, congratulated six NiYA beneficiaries—one from each geopolitical zone—who received ₦1 million each as a startup package to kickstart their entrepreneurial ventures.
NiYA is expected to play a crucial role in fostering innovation, self-employment, and economic growth among Nigerian youths, aligning with the administration’s broader vision for national development.
