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    MarketForces Africa » MarketForces News » Tinubu Approves N10bn for Youth Empowerment in FCT

    Tinubu Approves N10bn for Youth Empowerment in FCT

    Julius AlagbeBy Julius AlagbeOctober 28, 2024Updated:February 12, 2026 News No Comments2 Mins Read
    Tinubu Approves N10bn for Youth Empowerment in FCT
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    Tinubu Approves N10bn for Youth Empowerment in FCT

    The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says President Bola Tinubu has approved a N10 billion Youth Development Fund to empower youths in FCT.

    Wike disclosed this at the inauguration of the upgrading of War College/Army Checkpoint Road and other ancillary roads in Ushafa, Bwari Area Council, Abuja, on Monday.

    He said that the youth empowerment programme, which would be inaugurated on Thursday, was in line with the current administration’s youth empowerment policy.

    The minister said that the gesture was possible due to the priority accorded to women and youths by the president.

    “It was Mr President who created the Women Affairs Secretariat and the Youth Development Secretariat, and appointed a youth to head the youth secretariat.

    “This has never happened in the history of the FCT. Additionally, Mr President insisted that there must be a Youth Development Fund on how to help the youth to grow.

    “Mr President has approved, for a start, N10bn to see how the youth will be empowered,” he said.

    Wike, who said that the amount had been captured in the FCT’s supplementary budget, urged residents, particularly the youth, to continue to support the Tinubu-led administration.

    He said that things would get better. “We are happy there are signs that things will get better,” he added.

    Tinubu had, in July, approved the creation of youth development secretariats and appointed Abdullahi Ango as its pioneer Mandate Secretary in August. #Tinubu Approves N10bn for Youth Empowerment in FCT#

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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