Tinubu empowers Nigerian youths with loans and credit schemes, reaffirming reforms to build a self-reliant Nigeria as the country marks 65 years of independence
Tinubu empowers Nigerian youths with a renewed commitment to education, credit access, and innovation as the nation celebrates its 65th Independence Anniversary.
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In a national address delivered from the Presidential Villa in Abuja on Wednesday, President Bola Tinubu described Nigerian youths as the country’s “greatest assets”, vowing to deepen investment in their future.
“Our administration, through policies and funding, will continue to give you wings to fly sky-high,” Tinubu declared, urging young Nigerians to dream boldly and lead in science, technology, sports, and the creative industries.
He highlighted several active youth-centric programmes, including the Nigerian Education Loan Fund (NELFUND), which has so far disbursed ₦99.5 billion in student loans and ₦44.7 billion in upkeep allowances to around 510,000 students in 228 institutions nationwide.
Tinubu also pointed to the Credicorp scheme, which has granted ₦30 billion in affordable consumer loans to over 153,000 Nigerians for needs ranging from clean energy and mobility to digital tools and home upgrades.
Youths currently enrolled in the National Youth Service Corps (NYSC) are now being supported by the new YouthCred programme, aimed at easing resettlement through access to credit, he added.
The President confirmed that the iDICE initiative (Investment in Digital and Creative Enterprises) — developed with support from the Bank of Industry, AfDB, AFD, and IsDB — is nearing full implementation, promising stronger support for Nigeria’s booming technology and creative sectors.
Addressing the economy, Tinubu acknowledged that recent reforms, such as fuel subsidy removal and currency normalisation, had introduced temporary hardship.
However, he maintained that they were unavoidable steps to rescue the nation from potential financial collapse.
“The sacrifices we are making are laying a new foundation cast in concrete, not on quicksand,” he said. “We must now measure success not only through statistics but in food on our tables, in the quality of education, in power supply, and in secure communities.”
He urged states and local governments to complement federal efforts by enhancing production capacity and local enterprise.
“Let us be a nation of producers, not just consumers. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first,” Tinubu insisted.
Calling on citizens to unite in the pursuit of progress, the President reaffirmed his belief in a self-reliant, innovative Nigeria built by and for its people.
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“With Almighty God on our side, I can assure you that the dawn of a new, prosperous, self-reliant Nigeria is here,” Tinubu said, closing his speech with a call to national unity and action.
Source: Read more at tvcnews.tv
