FG Skills to Wealth (S2W) Program Trains Youth, Offers ₦400,000 Credit Support for Graduates
The Federal Government’s Skills to Wealth (S2W) program is currently training young Nigerians across the country’s six geopolitical zones, according to multiple reports.
Officials say the initiative is aimed at providing financial empowerment while equipping participants with practical skills to build sustainable businesses.
Training and Credit Support
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Participants undergo six months of training in selected vocational fields.
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After graduation, they will be eligible for low-interest credit facilities ranging from ₦300,000 to ₦400,000.
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The funds are designed to help them start new businesses, purchase essential equipment, or expand existing practices.
Pilot Phase and Expansion Goals
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In the pilot phase, 27 participants per state were selected.
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Training areas include agriculture, automobile technology, and renewable energy.
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By 2027, the government targets 1.5 million beneficiaries.
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Ambitiously, officials say the program could expand to reach 10 million young Nigerians within one year, positioning it as one of the largest youth empowerment initiatives in the country.
The S2W program reflects the government’s push to tackle unemployment by providing young people with practical tools for entrepreneurship. With access to both training and credit, participants are expected to transition from job seekers to job creators.
5 Things To Know About the New NPower Skill-to-Wealth Program
Here are 5 important things you need to know about the new NPower Skill-to-Wealth Program:
1. Automobile Repair Training Kicks Off the Program
The Skill-to-Wealth initiative will officially begin with automobile repair training, giving youths technical knowledge and real-world skills in auto maintenance and diagnostics. This category will serve as the pilot phase before expanding to other sectors.
2. 365 Nigerian Youths to Participate Initially
The program will start with 365 participants drawn from various parts of the country. This targeted approach ensures quality training and mentorship while creating opportunities for these individuals to become self-reliant.
3. Training to Take Place in Six Geo-Political Zones
The training will be decentralized across six states, one from each of Nigeria’s six geo-political zones. This setup aims to ensure nationwide reach and equal opportunity for youths regardless of their location.
4. CIG Motors to Lead the Automobile Training
CIG Motors, a major player in Nigeria’s auto industry, has partnered with the government to conduct the hands-on training sessions. Their involvement will expose beneficiaries to real industry experience, tools, and modern vehicle systems.
5. Humanitarian Ministry to Oversee Implementation
The entire Skill-to-Wealth program is being coordinated by the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, ensuring that it aligns with national goals for poverty reduction and youth empowerment.
