The Federal Government has disbursed N4.7bn to over 42,000 trainees under the Technical and Vocational Education and Training (TVET) initiative.
The government also disclosed that part of the fund also include the payment of more than 600 independent training centers providing skills training, ensuring the continuity of quality education.
This initiative, according to the Federal Government aims to equip young Nigerians with practical skills to drive jobs, entrepreneurship, and economic growth.
Each trainee is receiving a monthly stipend of N22,500, while accredited training centers are getting N45,000 per participant.
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The Minister of Education, Dr. Tunji Alausa, announced this in a post on X platform on Thursday.
He noted that the development reflects President Bola Tinubu’s commitment to investing in Nigerian youth through practical, job-creating skills.
The TVET initiative, launched in May, has rapidly progressed from registration to hands-on training, with timely disbursements expected to maintain momentum.
The program is part of the Renewed Hope Agenda, aiming to equip young Nigerians with skills to drive jobs, entrepreneurship, and economic growth.
According to the minister, the program has received over 1.3 million applications, with 960,000 verified through National Identification Numbers (NIN) and Bank Verification Numbers (BVN).
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The training curriculum is 90 percent practical and ten percent theoretical, focusing on 28 key sectors, including fashion, livestock production, plumbing, and ICT-related skills.
The minister expressed optimism that the initiative would transform Nigeria’s education system and empower young people.
“We have hit another big milestone under our FME TVET Initiative. We have begun the first round of direct payments to trainees and training centres across the country.
“This is just the first tranche, with more to follow — and it reflects President’s commitment to investing in young Nigerians through practical, job-creating skills.
“As I’ve said, the rapid rollout of these payments is a direct execution of Mr President’s directive: equip our youth with the skills needed to drive jobs, entrepreneurship, and economic growth.
“Since May, the initiative has moved quickly from registration to hands-on training, and these timely disbursements will keep that momentum strong.
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“TVET is Renewed Hope in action, empowering our young people to build their future. And this is just the beginning,” the minister posted.
