Abuja: President Bola Tinubu has described Nigerian youths as the nation's greatest asset, urging them to dream boldly, innovate, and dominate in diverse fields of endeavour. The President made this charge on Wednesday during a televised address marking Nigeria's 65th Independence Anniversary.
According to News Agency of Nigeria, Tinubu reaffirmed his administration's commitment to youth empowerment through impactful policies and targeted funding initiatives like the Nigerian Education Loan Fund (NELFUND). 'Our administration, through policies and funding, will continue to give you wings to fly sky-high,' he stated. The NELFUND has supported approximately 510,000 students across 36 states and the FCT, covering 228 higher institutions. As of September 10, the total loan disbursed was N99.5 billion, while the upkeep allowance stood at N44.7 billion.
He also highlighted the success of the Nigerian Consumer Credit Corporation (CREDICORP), which has disbursed N30 billion in affordable loans to over 153,000 Nigerians for essential needs like transport, solar power, and digital tools. 'YouthCred, which I promised last June, is a reality, with tens of thousands of NYSC members now active beneficiaries of consumer credit for resettlement,' Tinubu added.
The President emphasised the Renewed Hope Agenda's vision of a Nigeria where every youth, regardless of background, has a fair chance at success and a better future. He spotlighted the Investment in Digital and Creative Enterprises (iDICE) programme, driven by the Bank of Industry in partnership with key international development agencies like AFDB, French Development Agency, and the Islamic Development Bank. The initiative supports young entrepreneurs and creatives, fostering innovation and job creation across the tech and entertainment sectors.
Tinubu acknowledged that ongoing reforms have caused some short-term hardship but said they were necessary to avert a looming economic crisis. 'The biting effects of inflation and the rising cost of living remain a significant concern to our government,' he noted. However, he stressed the necessity of these measures to prevent economic chaos or bankruptcy, stating, 'Our macro-economic progress has proven that our sacrifices have not been in vain. Together, we are laying a new foundation cast in concrete, not on quicksand.'
He concluded by calling on all citizens to contribute actively towards building a resilient, inclusive, and prosperous Nigeria.