FG Revamps N-Power 2025: New Business Loans & Job Training to Boost Youth Empowerment

In a major move to tackle unemployment and support small businesses, the Federal Government of Nigeria has restructured the N-Power program to equip young people with practical skills and financial support. The renewed initiative, led by President Bola Tinubu, is expected to create sustainable job opportunities and boost entrepreneurship across the country.

Key Highlights of the New N-Power Program

1. Job-Focused Skills Training
   • The program now prioritizes practical skills that align with private sector demands, ensuring participants transition smoothly into employment.
   • Training is designed to connect young Nigerians directly with industry-specific job opportunities.
2. Funding and Business Support
   • The government has set aside ₦32.7 billion for the National Social Investment Program (NSIP) in 2025.
   • This includes the introduction of cooperative clusters, which will provide low-interest loans ranging from ₦300,000 to ₦400,000 to small business owners and startups.
3. Massive Investment in Work Tools
   • Over 100,000 work-related materials have been procured to support job placements and entrepreneurship.
4. Empowering Women and Youth
   • The revamp aligns with the #RenewedHope agenda, focusing on financially supporting vulnerable groups, especially women and young entrepreneurs.

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How the N-Power Revamp Benefits Nigerians

✅ Increased Job Creation – More young people will gain access to employment and financial independence.
✅ Boost for Small Businesses – Entrepreneurs will receive financial aid and mentorship to scale their ventures.
✅ Reduction in Economic Hardship – With more jobs and financial support, poverty levels could decrease significantly.

Conclusion

The 2025 N-Power overhaul is a game-changer for Nigerian youth and small businesses. By providing targeted job training and business financing, the government is setting the stage for a more prosperous and self-reliant generation.

For more details, visit the official report: Small Business Insights