In a groundbreaking move to tackle Nigeria’s growing youth unemployment crisis, the Federal Ministries of Youth Development and Labour and Employment, in collaboration with Sapphital Limited, have signed a Memorandum of Understanding (MoU) to create new economic opportunities for the nation’s youth.
The signing ceremony marks a significant step in the government’s commitment to driving youth economic empowerment and reducing unemployment. Comrade Ayodele Olawande, Minister of Youth Development, and Nkeiruka Onyejeocha, Minister of State for Labour and Employment, represented their respective ministries during the agreement, which is expected to transform the job market for young Nigerians.
A statement from Omolara Esan, Director of Information and Public Relations at the Ministry of Youth Development, emphasized that the MoU aligns with the government’s broader goals of equipping young people with the skills and opportunities necessary for success in today’s competitive global economy.
Comrade Olawande underscored the importance of two key initiatives: the Labour Employment and Entrepreneurship Program (LEEP) and the Nigerian Youth Academy (NIYA). These initiatives will provide young Nigerians with clear, actionable pathways to skill development, job placements, and entrepreneurial ventures. He said, “This partnership isn’t just about promises; it’s about real action. Through vocational training, technology, and mentorship, we are equipping the youth with the tools they need to succeed in the workforce.”
He further highlighted that this collaboration directly supports President Bola Tinubu’s vision of addressing youth unemployment and fostering sustainable economic growth. Olawande noted that the initiative aims not only to prepare youth for existing jobs but also to empower them to create their opportunities, thereby promoting innovation and prosperity nationwide.
Minister Onyejeocha also reaffirmed her ministry’s commitment to job creation under the President’s Renewed Hope Agenda, emphasizing that LEEP’s theme “Don’t Leave Anyone Behind” is designed to ensure that youth, women, and retirees are all given equal access to economic opportunities. She stated, “We are ready to collaborate with all stakeholders to reduce poverty, create wealth, and generate meaningful employment for Nigerians.”
This MoU represents a bold step forward in addressing the challenges of youth unemployment, offering hope for the future of Nigeria’s young population and paving the way for a more prosperous nation.
