President Bola Ahmed Tinubu has directed a comprehensive reform of the N-Power scheme, aiming to make it more effective and impactful for Nigerian youth. This initiative was disclosed by the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Nentawe Yilwatda, who emphasized that the government’s goal is to transform the program into a bridge between skill acquisition and sustainable employment.
The revamped N-Power scheme will go beyond just training, ensuring that participants are directly connected to job markets and opportunities in the private sector. This is intended to guarantee that the skills learned in the program translate into long-term, meaningful employment.
To support the initiative, over 100,000 items have been procured for distribution to beneficiaries nationwide. Additionally, President Tinubu has approved ₦32.7 billion for the implementation of the National Social Investment Program (NSIP) in 2025. The NSIP will introduce low-interest cooperative cluster credits ranging from ₦300,000 to ₦400,000, aimed at empowering small business owners, particularly focusing on vulnerable groups like women and youth. These credits are designed to help beneficiaries launch or expand their businesses, improving their livelihoods and contributing to poverty alleviation.
The administration has assured Nigerians that 2025 will be a year of significant progress as it continues implementing economic reforms under the #RenewedHope agenda, which aims to drive sustainable development and ensure that all citizens benefit from these efforts to create a more inclusive and prosperous society.
