The Federal Government has disbursed approximately 945,000,000 naira to 42,000 young Nigerians under the Technical and Vocational Education and Training (TVET) Initiative.
Director Press and Public Relations, Federal Ministry of Education, Boriowo Folasade announced the development in a statement on Thursday.
Boriowo explained that the disbursement was the first tranche of direct financial payments to students and independent technical vocational centers nationwide.
She informed that the first phase of disbursements ensure that the training ecosystem is fully supported and that students can focus fully on acquiring their skills.
“Over 42,000 young Nigerians have received their monthly stipend of N22,500.00 which covers their monthly upkeep and transportation. And over 600 independent technical and vocational training centers have received payments for instructional and skills training they are providing to these students ensuring the quality and continuity of the training programs.
“This first tranche of payments marks the beginning of a sustained effort, with many more tranches expected to follow, confirming the program’s long-term financial commitment and sustainability”, she said.
The Minister of Education, Dr. Tunji Alausa stated: “the rapid commencement of payments under the TVET Initiative is a clear execution of the President’s directive to invest aggressively in our young people.
“President Tinubu believes that equipping our youth with in-demand, practical skills is the fastest way to drive job creation, entrepreneurship, and national economic growth. This is the very essence of the Renewed Hope Agenda turning potential into productivity.”
Since its commencement in May, the TVET initiative has rapidly moved from registration to practical training, with students having already begun their intensive vocational courses. The timely release of these funds is critical to sustaining this momentum.
