FCT’s Supplementary Budget Allocates N10 Billion for Youth Development Fund
President Tinubu Approves N10 billion for FCT Youth Empowerment. Under the guidance of its administration, has announced a major initiative as part of its supplementary budget. According to Wike, who communicated the details of this plan on 28 October 2024 while inaugurating the upgrading of War College/Army Checkpoint Road and other ancillary roads in Ushafa, Bwari Area Council, Abuja.
The budget includes an allocation of N10 billion specifically aimed at youth empowerment through the creation of a Youth Development Fund. This decision comes as part of efforts to boost economic opportunities for young people within the FCT, reflecting the broader vision of the Tinubu-led administration.
Wike highlighted that this allocation is unprecedented in the history of the FCT, marking a significant shift in the government’s approach to youth empowerment. He noted that such a substantial focus on directly supporting youth through dedicated funding has not been seen before in the region. The announcement underscores the administration’s commitment to creating opportunities for the youth to thrive and develop new skills that can contribute to the economic growth of the FCT.
The fund is designed to serve as a catalyst for various programs that support youth development, including education, entrepreneurship, and vocational training. By investing in these areas, the government aims to foster an environment where young people can become self-reliant and actively contribute to the society and economy.
By prioritizing youth development in the budget, the government aims to lay a foundation for long-term growth and stability in the FCT. The N10 billion allocation is seen as a starting point, with potential for further investment based on the outcomes of initial programs and the evolving needs of the youth.
The announcement of the N10 billion fund has been well received by various stakeholders, who see it as a positive step towards addressing some of the challenges faced by young people in the FCT. Community leaders and youth advocates have expressed their support for the initiative, hoping that the funds will be effectively utilized to reach those who need it most.
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Conclusion
The President Tinubu Approves N10 billion for FCT Youth Empowerment. Youths are the leaders of tomorrow and must be prioritized. Youth are the backbone of any nation, representing its energy, potential, and future. Their creativity, passion, and resilience drive innovation, strengthen the economy, and shape society. Investing in young people through education, skills training, and empowerment builds a solid foundation for sustainable growth, stability, and progress. When a country supports its youth, it paves the way for a brighter, more prosperous future for all. See Pulse Nigeria
