President Bola Tinubu has approved N10 billion Youth Development Fund aimed at empowering youths in the Federal Capital Territory (FCT).
This was disclosed by the Minister of the FCT, Mr. Nyesom Wike, on Monday while inaugurating the upgrading of War College/Army Checkpoint Road and other ancillary roads in Ushafa, Bwari Area Council, Abuja.
The minister stated that the youth empowerment program, slated for inauguration on Thursday, is part of the federal government’s youth empowerment policy.
The minister recalled that Tinubu created the Women Affairs Secretariat and the Youth Development Secretariat, and appointed a youth to head the youth secretariat.
He emphasized that the president is mindful of youth growth in the FCT.
Wike announced that the amount is part of the FCT’s supplementary budget, urging residents to support the Tinubu-led administration’s initiative.
“This has never happened in the history of the FCT. Additionally, Mr. President insisted that there must be a Youth Development Fund to help the youth grow.
“Mr. President has approved, for a start, N10 billion to see how the youth will be empowered. We are happy there are signs that things will get better,” he added.
Nairametrics previously reported that Wike had sought the approval of the National Assembly to spend N61.6 billion from the 2023 supplementary budget on priority projects in the Federal Capital Territory.
This approval followed the review of the combined report from the Senate and House of Representatives Committees on FCT during the Tuesday plenary session.
Sen. Ibrahim Bomai, the Chairman of the Senate Committee on FCT, presented the report, noting the initial proposal of N1.15 trillion for the FCT’s 2024 budget.
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