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AfricaNews360 > News > Nigeria to launch N110 Billion Youth Enterprise Initiative amid push for data-driven governance
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Nigeria to launch N110 Billion Youth Enterprise Initiative amid push for data-driven governance

Aims to generate more comprehensive and inclusive evidence to guide government decisions, investment options, and development paths

Posted Malik muhammed July 12, 2024 3 Min Read
Updated 2024/07/12 at 4:39 PM
Vice President Kashim Shettima
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The Nigerian government has announced plans to establish a N110 billion Presidential Initiative for Youth Enterprise Clusters In a significant move to bolster youth development and embrace data-driven governance,

This announcement came during the commemoration of the 2024 World Population Day at the Presidential Villa in Abuja on Thursday.

Vice President Kashim Shettima, speaking at the event, emphasized the critical role of data in shaping government decisions and development strategies.

““Data is life. Data is our evidence. Data is our performance” Shettima said, according a statement issued by Stanley Nkwocha Senior Special Assistant to The President on Media & Communications.

“It is the most realistic picture of situations, trends, and patterns; it tells us how many we are, with an understanding of the age structure, sex structure, location, and more. Data is the true story of our experiences and informs us about today and the future through scientific projections, forecasting, and analysis.

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“Despite our last census taking place about 18 years ago, Nigeria has never relegated the importance of data. This is why this day invites us to recommit to improving our data collection, analysis, and deployment of modern technology.”

“This will generate more comprehensive and inclusive evidence to guide government decisions, investment options, and development paths.”

VP Shettima Seeks Improved Data Collection to Guide Government Decisions on Citizens Needs

Presidency to Set up N110bn Youth Enterprise Clusters, Data Bank pic.twitter.com/RiUaihpYdg

— Presidency Nigeria (@NGRPresident) July 11, 2024

The youth enterprise initiative is part of a broader strategy to empower Nigeria’s young population. Other planned measures include the creation of a Youth Data Bank and a National Youth Development Bank. These efforts complement the existing N110 billion Youth Investment Fund, demonstrating the government’s commitment to youth inclusion and development.

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Shettima also revealed that the current administration has achieved its goal of 30% youth representation in governance across all tiers of government. This move aligns with President Bola Ahmed Tinubu’s recognition of youth as a critical component in the nation’s development agenda.

The event highlighted Nigeria’s urgent need for updated population data, with the last census conducted nearly two decades ago. Dr. Jamila Bio-Ibrahim, Minister of Youth Development, announced plans to build a comprehensive youth data bank to harness the potential of young Nigerians regardless of their location or status.

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International perspectives were also shared at the event. The United Nations, represented by Ronald David Kayanja, called for renewed commitment to the International Conference on Population and Development Programme of Action. The UN highlighted persistent global inequalities, particularly in maternal health, emphasizing the role of data in addressing these challenges.

As Nigeria moves forward with these initiatives, the government faces the task of translating its data-driven approach and youth-focused investments into tangible improvements in the lives of its citizens.

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TAGGED: 2024 World Population Day, Bola Ahmed Tinubu, Dr. Jamila Bio-Ibrahim, Kashim Shettima
SOURCES: Africanews360.com
Malik muhammed July 12, 2024
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