The Nigerian government, through the Unlock Training Programme, has disbursed N100 million to 200 youths to help them start businesses in their respective fields of expertise. This initiative is part of the government’s broader strategy to boost economic development by harnessing the potential of youth through technical, vocational, and entrepreneurship education.
Key Details of the Program
– Funds Disbursed: N100 million to 200 youths.
– Grant Amount: N500,000 per recipient.
– Event Location: Abuja.
– Facilitated by: The Corporate Affairs Commission issued incorporation certificates, while a commercial bank credited the accounts of the beneficiaries.
Administration and Training:
Mrs. Abiola Arogundade, the Senior Special Assistant to President Bola Tinubu on Technical and Vocational Entrepreneurship Education (TVEE), explained that the programme followed a comprehensive process. Youths were initially asked to submit one-minute videos showcasing their TVEE skills, future plans, and how they wished to be supported by the government.
– Training: Approximately 10,000 participants underwent a 10-day intensive training session. The training covered crucial aspects of business management, including writing and executing business plans, creating executive summaries, business overviews, marketing strategies, pricing, money management, and risk management.
Awards and Grants:
– Grants: 120 participants with the best business plans received N500,000 each.
– Honorary Awards: 80 individuals were recognized for their outstanding skills in technical, vocational, and entrepreneurship fields.
– Solar Kiosks: Four solar-powered kiosks were awarded to support business development. The kiosks are designed for specific purposes such as hairdressing, catering and food vending, and general uses.
Broader Government Initiatives:
Mrs. Arogundade highlighted several initiatives introduced by the Tinubu administration to promote TVEE:
– Inclusion of TVEE in Student Loans: To ensure that students can finance their education in technical and vocational fields.
– Skills Council: Inaugurated within the Presidency to oversee skill development.
– Human Capital Development Council: Collaborates with governors under the National Economic Council.
– SUPA (Skill-Up Artisans) and ITF: Various other initiatives aimed at upskilling artisans and fostering technical expertise.
Education Sector Focus:
Dr. Tanko Sununu, the Minister of State for Education, emphasized that technical and vocational education is a key focus for the Ministry of Education. This approach aims to address the issue of out-of-school children in Nigeria by providing them with practical skills that can lead to sustainable employment and entrepreneurship opportunities.
The Unlock Training Program is a significant step towards empowering Nigerian youths and promoting economic development through vocational and technical education. By providing financial support and comprehensive training, the government is enabling young entrepreneurs to build sustainable businesses and contribute to the nation’s economy.
