Business
Group Vows To Empower, Engage 200,000 Youths
The leadership of the Rivers State Youth Leaders Assembly, a socio crusader in the Niger Delta region has vowed to empower and engage over 200,000 Rivers youths in various skills to better their lives and remove them from acts of criminalities in one year.
The group also said it would expand the scope of the creative industry in the state as an alternative revenue earner to rebrand and reinvent the image of Rivers State.
The 200,000 youths expected to be engaged next year by the group would be in areas of tourism, entertainment, security and water surveillance .
In a statement signed by the group Chairman, Board of Trustees, BOT, Hon Tonjo Kennedy West and made available to The Tide yesterday said the group would partner with the state Governor, Barr. Nyesom Wike and the state House of Assembly to initiate policy framework and reforms to increase Internally Generated revenue. (IGR) of the state.
The group commended the governor’s resolute for the establishment of the Neighbourhood Watch in the state called for the review of the land and waterway surveillance.
West said the security machinery outfit had empowered over 30 thousand youths across the length and breadth of the state, assisting the conventional security apparatus with intelligent gathering for overt and covert operations in the business of protecting lives and property of her citizenry.
He noted that any money expended in the area of handling security is never a lost, but huge investment.
According the BOT chairman, “Honestly speaking, the Nigerian youths had never been hungry the way they are now, the Nigerian youths have been abandoned, forgotten and Rivers State is no exception, but our consolation is that our amiable governor, the youth friendly governor is working round the clock to ameliorate the living standard of the people.
The group also thanked Governor Nyesom Wike for his proactive and pragmatic approach in tackling the increasing security issues in the state as he urged the youths to shun violence, cultism, kidnapping and sea piracy in the state as it would lead them to nowhere.
The statement also condemned the role of the Nigerian Army in the presidential and governprship elections in the atate, saying that there was no issue of vote buying in the state as the opposition knows that they are not popular.
The group leadership also lauded the governor for setting up the two judicial commission of enquiry on the electoral violence, killings and related matters during the February 23rd and March 9 general elections in the state, including,, the violent attack on the state judiciary and destruction of t property at the Judiciary complex in Port Harcourt.
The statement further urged the opposition to take advantage of the olive branch extended by the Governor with a view to collectively move the state forward.
Chinedu Wosu
Edun made the call while speaking at the 2025 Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, where he reaffirmed the federal government’s commitment to sustaining ongoing reforms and expanding access to finance as key drivers of economic growth beyond four per cent.
“We all know that monetary policy under Cardoso has stabilised the financial system in a most commendable way. Of course, it is a team effort, and those eye-watering interest rates have to be paid by the fiscal side. But the fight against inflation is one we all have to participate in,” he said.
The minister stressed the need for banks to broaden credit access and finance innovation-driven enterprises that can create jobs for young Nigerians.
“The finance and banking industry has more work to do because we must finance their ideas, deepen the capital and credit markets down to SMEs. They should not have to go to Silicon Valley,” he said.
The minister who described the private sector as the engine of growth, said the government’s reform agenda aims to create an enabling environment where businesses can thrive, access funding, and contribute meaningfully to job creation.
The facility, known as the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) operation scheduled for World Bank Board consideration on December 16, 2025.
According to the Bank’s concept note , the financing would comprise $500m in International Development Association (IDA) credit and $500m in International Bank for Reconstruction and Development (IBRD) loan.
If approved, it would be the second-largest single loan Nigeria has received from the World Bank under President Bola Tinubu’s administration, following the $1.5 billion facility granted in June 2024 under the Reforms for Economic Stabilisation to Enable Transformation (RESET) initiative.
The World Bank said the new programme aims to support Nigeria’s shift from short-term macroeconomic stabilisation to sustainable, private sector–led growth.
“The proposed Development Policy Financing (DPF) supports Nigeria’s pivot from stabilization to inclusive growth and job creation. Structured as a two-tranche standalone operation of US$1.0 billion (US$500 million IDA credit and US$500 million IBRD loan), it seeks to catalyse private sector–led investment by expanding access to credit, deepening capital markets and digital services, easing inflationary pressures, and promoting export diversification,” the document read.
The document further stated that Nigeria’s private sector credit-to-GDP ratio stood at only 21.3 per cent in 2024, significantly below that of emerging-market peers, while capital markets remain shallow, with sovereign securities dominating the bond market.
To address these weaknesses, the DPF will support the implementation of the Investment and Securities Act 2025, operationalisation of credit-enhancement facilities, and introduction of a comprehensive Central Bank of Nigeria rulebook to strengthen risk-based regulation and consumer protection.
The operation also includes measures to deepen digital inclusion through the passage of the National Digital Economy and E-Governance Bill 2025, which will establish a legal framework for electronic transactions, authentication services, and digital records.
Beyond the financial and digital sectors, the programme targets reforms to lower production and living costs by tackling Nigeria’s restrictive trade regime. High tariffs and import bans have long driven up consumer prices and constrained competitiveness, particularly for manufacturers and farmers.
Under the proposed reforms, Nigeria would adopt AfCFTA tariff concessions, rationalise import restrictions, and simplify agricultural seed certification to increase the supply of high-quality varieties for maize, rice, and soybeans. The World Bank projects that these measures will help reduce food inflation, attract private investment, and enhance export potential.
The operation is part of a broader World Bank FY26 package that includes three complementary projects—Fostering Inclusive Finance for MSMEs (FINCLUDE), Building Resilient Digital Infrastructure for Growth (BRIDGE), and Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW)—all focused on expanding access to finance, strengthening institutions, and mobilising private capital.