In a major push to equip young Nigerians with job-ready skills, the Federal Government has approved the release of ₦120 billion from the Tertiary Education Trust Fund (TETFUND) to the Nigerian Education Loan Fund (NELFUND) to finance the Federal Ministry of Education’s TVET (Technical and Vocational Education and Training) initiative. The Federal Ministry of Education confirmed the funding approval, emphasizing that the initiative is part of a broader strategy to boost vocational education and empower youth across Nigeria with practical, employable skills. “This move aims to empower Nigerian youth with practical, job-ready skills,” the ministry stated.
Under this initiative, NELFUND will fully finance training costs for qualified applicants, ensuring that financial constraints do not hinder access to technical and vocational education. All funding will be disbursed directly to participants, making the process inclusive and streamlined.
The TVET program is designed to foster self-reliance and reduce youth unemployment by making vocational training more accessible nationwide. According to sources close to the implementation, official training sessions are expected to commence shortly.
This funding represents a strategic investment in Nigeria’s workforce development, creating opportunities for young people to acquire skills in high-demand sectors and contribute meaningfully to the economy.
For MSMEs, employers, and development stakeholders across Africa, this signals Nigeria’s renewed commitment to bridging the skills gap and nurturing a workforce ready for the realities of the modern job market. As the TVET program rolls out, it offers a lifeline to thousands of youth, positioning them for gainful employment, entrepreneurship, and long-term economic growth.
