Maryam Aminu
The Technical Committee of the National Youth Development Bank (NYDB) has presented a transformative proposal to the Honourable Minister of Youth Development, Comrade Ayodele Olawande, aimed at addressing funding and inclusion challenges faced by young Nigerians.
During a high-level meeting in Abuja, the committee outlined strategic initiatives designed to provide financial support, skill development, and innovative funding solutions tailored to the needs of Nigerian youth.
Co-Chairman of the Committee, Mr. Bonaventure Okhaimo, emphasized that the proposal seeks to bridge the gap between youth-driven enterprises and sustainable financial resources, fostering long-term economic impact.
“With Nigeria’s rapidly growing youth population, the country is at a critical juncture where economic empowerment and financial inclusion are essential to unlocking the full potential of its young citizens,” Okhaimo stated.
He highlighted that access to finance remains one of the most significant barriers preventing young Nigerians from actively participating in business, innovation, and wealth creation.
The NYDB, he explained, will be majority-owned by the Federal Government while also leveraging funding from various sources, including government allocations, development finance institutions, private sector contributions, and innovative financing mechanisms such as youth intervention funds, concessional loans, and blended finance models.
In response, the Minister, Olawande commended the committee’s efforts and reaffirmed President Bola Ahmed Tinubu’s commitment to youth empowerment initiatives.
He emphasized the importance of financial support in reducing unemployment and fostering innovation across multiple sectors.
Expressing optimism about the next phase of implementation, the Minister assured stakeholders of the government’s readiness to refine and execute the proposed initiatives to ensure meaningful impact.
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