Connect with us

National News

FG, EU, UNDP Launch Jubilee Fellows Fund to Address Youth Unemployment in Nigeria

Published

on

FG, EU, UNDP Launch Jubilee Fellows Fund to Address Youth Unemployment in Nigeria

FG, EU, UNDP Launch Jubilee Fellows Fund to Address Youth Unemployment in Nigeria

By: Michael Mike

The Federal Government, with financial support from the European Union (EU) and in collaboration with the United Nations Development Programme (UNDP), has launched the Jubilee Fellows Fund.

This is an innovative financing instrument that will enable a diverse set of stakeholders to support the roll-out and implementation of the Nigeria Jubilee Fellows Programme (NJFP).

The NJFP, launched in August 2021, is a government led youth employment initiative that will place 20,000 young Nigerians graduates annually with one-year paid work placements in private and public sector companies across the country.

A statement by the Acting Head of Communications, UNDP Nigeria, Alison Clement on Tuesday said there is critical need for diverse support and resource mobilization, beyond traditional public finance and international aid, to achieve the Sustainable Development Goals and address some of the country’s biggest challenges, like youth unemployment. 

She said the Jubilee Fellows Fund provides an opportunity for a wide range of stakeholders, including private sector, start-ups, foundations, international financial institutions, philanthropists and multilateral and bilateral donors to contribute funding towards the implementation of the NJFP, helping to provide a solution to the high rate of unemployment of young people across the country.

The Vice President, Prof. Yemi Osinbajo,  in his written remarks, declared that: 

“Youth unemployment continues to be one of the most ardent challenges facing Nigeria today. The Federal Government is working tirelessly to reduce unemployment through various policies that support existing businesses, encourage start-ups and build an efficient workforce.”

He added that: “It is my firm belief that the Jubilee Fellows Programme will provide a template for empowerment across the continent. It is a true testament to how collaboration between government, development partners and the private sector should work.”

In attendance at the high-level launched event in Abuja on Monday was Mrs. Margrethe Vestager, Executive Vice President, European Commission; the Honourable Minister of Industry, Trade and Investment Mr. Otunba Adeniyi Adebayo who represented His Excellency, Prof. Yemi Osinbajo, the Vice President of Nigeria; the Honourable Minister of State, Budget and Planning, Mr. Prince Clem Ikanade Agba; Her Excellency Samuela Isopi, Ambassador at the Delegation of the European Union to the Federal Republic of Nigeria & ECOWAS; Mr. Matthias Schmale, United Nations Resident and Humanitarian Coordinator (a.i), United Nations in Nigeria and Mr. Mohamed Yahya, Resident Representative, UNDP Nigeria.

Ambassadors and high-level representatives from the United States, United Kingdom, Japan and Norway as well as EuroCham Nigeria and private sector leaders, were also present at the launch event.

During the launch of the Fund, the EU signed a development cooperation agreement of €55million with the Federal Government of Nigeria out of which €44million is earmarked for the NJFP.  

The Executive Vice-President of the European Commission, Mrs. Margrethe Vestager declared “Our objective in this programme is to support the creation of new green and smart jobs for young graduates, including women and groups living in vulnerable situations. These are exactly the type of jobs we wish to promote under the new EU Multiannual Indicative Programme for Nigeria and under the Global Gateway initiative”.

The Fund will be managed by the UNDP on behalf of the Government and partners, and a Steering Committee comprised of contributing partners will provide strategic guidance and oversight on the direction and execution of the Fund. The Steering Committee will be supported by a high-level Advisory Group of private sector leaders which was also inaugurated at the event.

The Resident Representative at UNDP Nigeria, Mr. Mohamed Yahya, at the event said: “I want to call on everyone – from private sector leaders to the international community and the Nigerian diaspora – to accompany the development journey of young Nigerians and lend their support to the Fund as the success of the Jubilee Fellows Programme is our collective gain.”

Also Read: Woman who brutalized 10-year-old house help for stealing…

He added that: “The homegrown talent we have here in Nigeria is immense and it is critical that stakeholders from all backgrounds collectively work together to provide the foundation for young people to flourish and thrive.”

The statement revealed that contributions will be received and administered by the UNDP in accordance with UNDP Financial Rules and Regulations and an online dashboard, tracking resource mobilization from public and private sources, is currently being established. The possibility for private individuals to contribute with donations to the Fund, via a crowd funding platform, will also be tested as part of the innovative financing model for the NJFP.

Meanwhile, the European Commission, Mrs. Margrethe Vestager, Executive Vice President of EU at a press conference on Tuesday said Nigeria occupies an important place in the heart of European Union.

She said the importance of Nigeria accounts for the planned investment of at least €820 million in Nigeria’s digital transformation by the EU under its Global Gateway Initiative.

This comprises of the building the fiber optic cables and data centres needed to improve Nigerian’s access to high speech connectivity, European Investment Bank investing €100 million to expand secure 4G connectivity in Lagos and Ogun States and triple national data capacity.

She said the EU will support the digitalization of Nigeria’s administration to allow better and more accessible public services to citizens, European Investment Bank investing €250 million to strengthen Nigeria’s digital identity infrastructure with the highest data protection standards, among others

FG, EU, UNDP Launch Jubilee Fellows Fund to Address Youth Unemployment in Nigeria

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

President Tinubu: Nigeria Resolute About Building Efficient Borders Across Africa

Published

on

President Tinubu: Nigeria Resolute About Building Efficient Borders Across Africa

  • Says fragmented markets posing threats to border efficency

By: Our Reporter

President Bola Ahmed Tinubu has reaffirmed Nigeria’s resolve to work towards building an Africa where borders are efficient enough to facilitate trade and other economic opportunities instead of hindering them.

He implored African nations to be disciplined in working towards building borders that meet the high demands and rapid pace of contemporary technological advancement.

Speaking on Monday in Abuja when he declared open the Customs Pact – Partnership for African Cooperation in Trade, the President expressed delight to be a part of the event, which brought together partners and leaders from across the continent, saying it demonstrates the collective resolve to discard the old habit of accepting slow borders as destiny.

President Tinubu, who was represented by his deputy, Vice President Kashim Shettima, said while nations exist to complement one another, size, resources, and talent are inconsequential if they are trapped behind inefficient borders and fragmented markets.

“Nigeria remains firmly committed, structurally and operationally, to building an Africa that trades by design, where integration is practical, measurable and effective. Our ambition is simple: a continent where borders facilitate opportunities rather than inhibit them,” he declared.

Maintaining that “fragmented markets cannot achieve industrial scale, negotiate effectively with global powers, or withstand external shocks, the Nigerian leader noted, however, that integration “enables large-scale industrialisation, collective bargaining strength and resilient supply chains.”

Nigeria, according to him, is approaching this responsibility with practical systems and infrastructure rather than rhetoric, even as he said the strength of a continental market can only be engineered and not declared.

President Tinubu stated that while Africa had already taken the hardest step by agreeing on integration through the African Continental Free Trade Area (AfCFTA), what is crucial at the moment is execution.

“Success will be judged not by communiqués but by real outcomes: shorter border-crossing times, reliable local-currency settlements and efficient movement of goods across borders and ports. Our vision must translate from conference halls to the daily experiences of traders, manufacturers, logistics operators and farmers,” he maintained.

The President recalled that the urge to deliver the dividends of democracy to Nigerians informed his administration’s decision to reform “structural barriers to trade and investment, removing bottlenecks that limit competitiveness, and rebuilding institutions for efficient regional integration.”

In achieving this, he said the administration quickly embarked on unifying the foreign exchange window, removing fuel subsidies to redirect resources to critical infrastructure, and modernizing port operations with 24-hour clearance.

He continued: “We adopted the Pan-African Payment and Settlement System to boost intra-African trade, and we prioritised non-oil export growth across key sectors. These reforms reinforce one another, creating a coherent foundation for stronger continental commerce and competitiveness. Each decision was a step towards a Nigeria that trades with confidence and an Africa that negotiates from a position of strength.

“We believe that our institutions have been deliberately aligned into a unified trade-enablement architecture, dismantling the traditional silos that once separated agencies. The Nigeria Customs Service now advances digital clearance systems and risk-based inspections.

“The Nigerian Ports Authority drives port efficiency. The Central Bank enables local-currency settlements through PAPSS. The Standards Organisation harmonises product standards with continental frameworks. NEPC and NEXIM Bank strengthen export readiness and provide targeted financing.

“This coordinated, integrated institutional approach is essential for successful continental integration, for no single agency can deliver the scale of reform required for Africa’s prosperity.”

On the level of impact of the collective reforms on the nation’s economy, the Nigerian leader said it “is measurable, demonstrable, and progressively accelerating.

He added: “Intra-African trade is projected to expand from fifteen percent in 2023 to twenty-five percent by 2030 under AfCFTA frameworks. Nigeria’s non-oil exports to African markets increased thirty-eight percent year-on-year in 2024. Cargo clearance time at major seaports has reduced by approximately thirty percent since 2023.

“Paper-based compliance processes are being systematically replaced through digital trade reforms and automation. These metrics validate a fundamental principle: when structural barriers fall and systems function predictably, African trade expands rapidly and dynamically. Outcomes are never in doubt when processes are disciplined.”

President Tinubu described the National Single Window as central to Nigeria’s continental trade strategy, assuring that phase one of the transformative digital platform will go live in March 2026, “with full rollout by December 2026.

“It will allow businesses to submit import and export information once through a unified portal, automate inter-agency data sharing and real-time processing, apply risk-based compliance to speed up clearance for legitimate traders, and cut cargo clearance time from twenty-one days to under seven.

“This will significantly boost port productivity. Fully aligned with AfCFTA digital frameworks, the National Single Window positions Nigeria as a continental standard-bearer for customs digitalisation and seamless intra-African commerce,” he further stated.

Earlier, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite, urged relevant authorities in Africa to continue to dismantle barriers that hinder trade and revenue generation.

She stressed that the Federal Government of Nigeria remains committed to supporting modernisation initiatives within customs administrations and aligning with global best practices aimed at creating a business-friendly environment.

The minister further expressed Nigeria’s commitment to ensuring that AfCFTA delivers tangible benefits for citizens while improving the ease of doing business at the borders.

For her part, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said that under President Tinubu’s decisive leadership, the administration has achieved a unified exchange rate, strengthened fiscal discipline, and is on course to accelerate regional economic integration under the Renewed Hope Agenda.

She maintained that Nigeria’s commitment to AfCFTA implementation remains unwavering, while urging participants to build an Africa that trades more with itself.

Also, the Secretary-General of the World Customs Organization (WCO), Ian Saunders, applauded ongoing reforms by the Tinubu administration, assuring that the WCO stands with Nigeria in facilitating legitimate trade.

He also praised heads of Africa’s Customs for their efforts in incorporating modern standards into their operations, adding that leadership, investment, and consolidating gains in customs administration remain valuable.

The Executive Vice President of Afreximbank, Kanayo Awani, backed modernisation as a positive initiative adopted by several customs administrations, including Nigeria.

On his part, the Comptroller-General of Customs, Bashir Adewale Adeniyi, urged relevant authorities and stakeholders to adopt cross-country trade facilitation and integration, emphasizing, “We cannot continue to work in silos.”

According to Adeniyi, the primary outcome of the engagement in Abuja, which involved all African regions, is to ensure that customs administrations are more actively engaged in AfCFTA implementation, while strengthening dialogue and mutual understanding between customs administrations and the private sector across the continent.

The Secretary-General of AfCFTA, Wamkele Mene, assured that the Secretariat will work closely with the NCS to ensure that the objectives of C-PACT unfold into a pleasant reality.

President Tinubu: Nigeria Resolute About Building Efficient Borders Across Africa

Continue Reading

National News

Quit illicit drug trade now or get ready for more hard time, Marwa warns barons, cartels

Published

on

Quit illicit drug trade now or get ready for more hard time, Marwa warns barons, cartels

By: Michael Mike

Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA) Brig. Gen. Buba Marwa (rtd) has warned drug barons, traffickers and their cartels to quit the criminal trade or face more hard time during his second tenure.

Marwa, who was reappointed by President Bola Tinubu for a second tenure of five years on Friday told jubilating management staff, officers, men and women of the agency who gathered to welcome him at NDLEA National Headquarters in Abuja following the presidential announcement that his second tenure will be hell and bleak for those who fail to quit the illicit drug trade.

He expressed appreciation to the president for the recognition of ongoing efforts against substance abuse and illicit drug trafficking in the country.

He said: “First of all, what a surprise, I did not expect to come back from jumat service to meet these great felicitations, dancing and singing by our personnel. Thank you very much. We would like to thank the almighty God, because always the glory has to go to Him for everything. We thank the President and Commander-in-Chief for the special recognition of our collective efforts and the new mandate for us to continue with the war against drug abuse and trafficking. I thank the management, officers, men and women of the agency, who continue to provide service to the nation 24/7, in spite of the risks that you all face.”

He also acknowledged the unflinching support by the Hon. Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN and the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun while also expressing thanks to “all our local and international partners, with whom we have continued to collaborate towards ridding Nigeria of illicit substances.”

He added that: “First, this word must go to the cartels. The cartels have not seen anything yet. I promise them this second tenure is going to be hell and bleak for them. Drugs shall not pass, in or out or within Nigeria.”

He reaffirmed the agency’s commitment towards President Tinubu’s mandate, assuring that “in line with our Act, we will continue to do our level best. I remember in my inaugural speech, the day I took over, and I said very clearly that NDLEA will be feared by the drug cartels. And that’s just the beginning.

“At the same time, I must appeal to those who are engaged in illicit drug trafficking that this is the right time for them to drop that criminal business and face something legitimate. It is in line with that that we established the Alternative Development Unit, which seeks to persuade those who are perpetrating the illicit drug activities, particularly cannabis growers, who are our greatest challenge in Nigeria, to desist from the habit, collaborate with us. We are going to support towards licit cultivation of crops that are legitimate, legal, and you can sleep with your two eyes closed.

“But those who refuse to do that can be sure that the NDLEA is up and able on its task of law enforcement. You will be arrested, the drugs will be seized, and your assets will be confiscated. So, you come out from jail, there will be nothing left.”

He also assured that the agency will remain committed to its drug demand reduction efforts. “I’ll take the opportunity again to announce the rededication of our efforts towards prevention, sensitization, counseling, treatment, and rehabilitation of our children in our 30 rehabilitation centres. And with the support of the President and the Renewed Hope Agenda, seven more rehab centres are coming up under the 2025 budget that will now make every state to have its own rehab centre.

“And as well, there will be zonal rehab, more rehab centres and we are getting full collaboration from the Honourable Minister of Health. We appreciate his efforts also, and the Honourable Minister of Education, who has accepted our recommendation for drug tests for our children on admission to tertiary institutions, so that with this we can catch them young before it gets into addiction stage. May the Almighty God bless our President, bless all those that are supporting us, bless the officers, men and women of NDLEA.”

Quit illicit drug trade now or get ready for more hard time, Marwa warns barons, cartels

Continue Reading

National News

India High Commission, KADIFF Screen Short Movies in Abuja

Published

on

India High Commission, KADIFF Screen Short Movies in Abuja

By: Michael Mike

High Commission of India, in collaboration with the Kaduna International Film Festival (KADIFF) has organized a special short Movie Screening and Panel Discussion.

The event, which held at the Chancery premises, was inaugurated by High Commissioner Amb Abhishek Singh, and brought together a vibrant cross-section of participants from the diplomatic community, including Heads of Mission, members of the Nollywood fraternity, film professionals, cultural enthusiasts, influencers, and friends of India.

The evening featured the screening of two thought-provoking short films — the Indian short film “Good Morning”, and the Nigerian film “Not So Long a Letter”.

Following the screenings, a lively panel discussion was held on the theme: “Celebration of our rich cultural heritage and the need for collaboration.”

The panelists, including Swat Duniah-Adalumo – Moderator (Journalist), Dr. Ahmed Sarari (Filmmaker), Francis Duru (Actor/Filmmaker) and Stephnora Okere (Actress/filmmaker) exchanged insights on how cinema can deepen mutual understanding, promote cross-cultural narratives, and foster creative partnerships between the Indian and Nigerian film industries.

The initiative was part of the High Commission’s ongoing efforts to strengthen India-Nigeria cultural relations and promote Indian cinema through shared artistic expressions and storytelling traditions”

India High Commission, KADIFF Screen Short Movies in Abuja

Continue Reading

Trending

Verified by MonsterInsights