The Federal Ministry of Youth Development has signed a Memorandum of Understanding (MoU) with Flutterwave, a payment technology firm, to enhance youth empowerment and business development.
According to a statement on Friday, the signing ceremony was attended by Minister of Youth Development Ayodele Olawande, Permanent Secretary Olubunmi Olusanya, and senior ministry officials.
The partnership aims to implement initiatives that will provide Nigerian youths with training, mentorship, and opportunities for entrepreneurship. Flutterwave’s Founder and CEO, Olugbenga Agboola, reaffirmed the company’s commitment to empowering young Nigerians through capacity-building programs and business support.
Speaking at the event, Olawande commended Flutterwave’s role in youth development, emphasizing that the collaboration aligns with President Bola Tinubu’s vision for youth empowerment. He noted that key agencies like the National Youth Service Corps (NYSC) and the Citizenship & Leadership Training Centre (CLTC) would play vital roles in implementing the initiative.
The agreement contributes to the President’s eight priority pillars by equipping young entrepreneurs with essential resources to scale their businesses. Key focus areas include:
– Expanding access to training and mentorship
– Supporting youth-led businesses to drive innovation
– Strengthening technical and leadership skills
– Leveraging technology to create sustainable jobs
– Engaging youth through NYSC and CLTC
Olawande emphasized that this collaboration with Flutterwave would significantly boost the ministry’s efforts to empower Nigerian youth, ensuring they become key drivers of the nation’s economic transformation.
