The Ministry of Education has announced the immediate disbursement of funds for the Technical and Vocational Education and Training (TVET) Initiative, a move intended to bolster Nigeria’s skills-based economy.
According to the Minister of Education, Dr. Maruf Tunji Alausa, each participant in the program is now receiving a monthly stipend of ₦22,500 to assist with their personal upkeep and transportation expenses. Additionally, the technical and vocational centers responsible for delivering the instruction and skills training have also received dedicated funding.
In a statement released by the Ministry’s Director of Press, Boriowo Folasade, the Minister characterized the prompt financial release as a crucial action to ensure the continuous training of thousands of young Nigerians and to strengthen the national skills economy.
Dr. Alausa affirmed that the swift initiation of these payments directly executes President Bola Ahmed Tinubu’s mandate to substantially invest in youth development. The President, who views young people as the “heartbeat of the nation,” strongly believes that providing in-demand, practical skills is the most effective way to stimulate job creation, entrepreneurship, and overall economic growth, consistent with the Renewed Hope Agenda.
The Minister confirmed that the early release of these funds aims to maintain the program’s momentum, with subsequent payment tranches scheduled for later dates. The Ministry also noted that since the initiative’s launch in May, students have successfully moved past the registration phase and are actively engaged in intensive, hands-on skill acquisition training.
