Federal Ministry of Youth Development and the National Insurance Commission (NAICOM) have signed a Memorandum of Understanding (MoU) for a comprehensive training programmme aimed at equipping one million young individuals with the necessary skills and knowledge.
The Minister of State for Youth Development, Comrade Ayodele Olawande stated this in Abuja during the signing of MoU with the Commissioner and Chief Executive of NAICOM)l, Olusegun Ayo Omosehin at the ministry in Abuja.
The Minister who said the MoU is to implement a comprehensive training programmme aimed at equipping one million young individuals with the necessary skills and knowledge to excel in the Insurance sector, said that the Federal Government is committed to working with various stakeholders to create job opportunities for youth across the country.
A statement by the Director of Information & Public Relations, Omolara Esan at the weekend said that Olawande informed that the main issue affecting the youth is unemployment and that the Ministry is committed to working with all stakeholders to create opportunities for youth in areas such as data management, digital literacy, creative and entertainment sector, adding that the current administration will strive to identify opportunities in all sectors to effectively engage the country’s youth.
According to him, “This partnership will guide our efforts within the next year to bring one million young Nigerians into the insurance sector.”
“The Future of Nigeria rests on the shoulders of youth who make up over 60% of our population. However, insurance, which is critical to the economy of a growing nation like Nigeria, has been under-utilized among this critical demography,” he said.
Olawande emphasized that the partnership with NAICOM aims to raise awareness among the youth about the importance of insurance, promote entrepreneurship, and create job opportunities across all 774 local government areas in Nigeria.
“We will use digital technology to educate, inspire, and connect Nigerian youth to careers and opportunities in Insurance. This program will be hosted through our digital platform, the Nigerian Youth Academy (NiYA), which has already been announced by President Bola Tinubu. Through NiYA, we will offer numerous insurance courses, allowing our youth to not only gain knowledge but also establish connections with Insurance companies, brokers, and other stakeholders,” he stated.
Earlier, the Chief Executive of NAICOM, Omosehin emphasized that the partnership with the Ministry aims to provide opportunities for youth to grow, develop, engage collaboratively, and ultimately find employment.
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