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STUDENTS LOAN: 100K STUDENTS GOT N30BN ALLOCATION

…FG reiterates commitments to youth empowerment

By Dele Ogbodo

The Federal Government has said over 100,000 Nigerian students have gotten ₦30 billion allocated from its students loan programme initiative. 

Meanwhile, government has reaffirmed its dedication to unlocking the potential of Nigeria’s youth in order to drive economic growth and foster a more inclusive and sustainable economy. 

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The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun gave the assurance in his office in Abuja when the Arewa Youth Forum (AYF) paid him a courtesy call.

The Minister informed that the President Bola Tinubu-led Administration has put in place several initiatives aimed at enhancing youth participation and financial inclusion.

He reiterated the Federal Government’s commitment to economic stability, investment, and youth empowerment in line with the Renewed Hope Agenda of the present administration

HM Edun outlined key government initiatives designed to enhance youth participation and financial inclusion, including:

He said: “Student Loan Program: over 100,000 students have benefited, with ₦30 billion allocated.

“Digital and Creative Economy Fund – Supporting youth-led businesses with a dedicated component for women entrepreneurs.

” Consumer Credit Access-A government-backed initiative improving financial access for young Nigerians.

“Infrastructure Development-Projects aimed at unlocking agricultural potential and driving economic expansion.”

The Minister emphasized the government’s commitment to removing barriers that hinder youth participation in key sectors such as agriculture, manufacturing, and exports.

He urged young Nigerians to take advantage of available economic opportunities and actively engage with government policies.

Commending the AYF’s vision, HM Edun assured the delegation further that the government remains focused on fostering an inclusive, vibrant, and sustainable economy for all. *The future belongs to you,* he stated, encouraging continued collaboration between youth groups and the government to drive economic growth and national development.

Speaking earlier, the National President ( AYF) Ahmed Mohammed Zagi commended the Ministry’s achievements under Tinubu’s administration, particularly in the areas of job creation, poverty alleviation, and economic expansion in Northern Nigeria.

He stated that their mission was to discuss the possible areas of collaboration with the government particularly in the areas of job creation,  economic empowerment, growth and national development of the country for the benefit 

of the teaming youth 

 While acknowledging the government’s palliative efforts, Zagi appealed for further assistance ahead of the Ramadan fast, stating that the support would caution the current economic challenges facing the ordinary Nigerians 

As Nigeria continues on its trajectory of economic growth and development, the government’s commitment to youth empowerment and inclusive economic policies is poised to yield transformative results.

With initiatives like the student loan program, digital and creative economy fund, and consumer credit access, the future of Nigeria’s youth looks brighter than ever.

The Minister added that government’s dedication to fostering collaboration between youth groups and policymakers will undoubtedly drive economic growth, national development, and a more prosperous future for all Nigerians

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