- Mistura Rufai, a World Bank Education Specialist, made the announcement during a Contract/Memorandum of Understanding Signing and Implementation Workshop held in Abuja
- Dr. Tunji Alausa, Nigeria’s Minister of Education, provided details on the four essential components of the Innovation, Development, and Effectiveness in the Acquisition of Skills (IDEAS) project
The World Bank has allocated $60 million to the Innovation, Development, and Effectiveness in the Acquisition of Skills (IDEAS) project, an initiative of the Nigerian Ministry of Education.
Eko Hot Blog gathered that this financial commitment aims to benefit approximately 75,000 Nigerian youths and will be channeled through the Nigerian Youth Employment Through Skills Acquisition Fund (NYESAF).
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Mistura Rufai, a World Bank Education Specialist, made the announcement during a Contract/Memorandum of Understanding Signing and Implementation Workshop held in Abuja.
The IDEAS project, with a total value of $130 million, focuses on enhancing the capacity of Nigeria’s skills development system to provide training for both formal and informal sectors.
“The IDEAS Project is currently a project of about $130 million, but for this component of the (NYESAF) project, we’re looking at about $60 million for the results.
“And the NYESAF component is focusing on education, employment, or training. It looks at using result-based contracting to provide short-duration training for youths.
“So for this cohort that we have, we’re looking at train ing about 75,000 trainees going forward. “So the cost of training will vary based on the trades and based on the market prices that the Training Service Providers (TSPs),” she said.
Dr. Tunji Alausa, Nigeria’s Minister of Education, provided details on the four essential components of the Innovation, Development, and Effectiveness in the Acquisition of Skills (IDEAS) project.
Speaking on behalf of Alausa, the IDEAS Project National Coordinator, Mrs. Blessing Ogwu, emphasized the transformative potential of the initiative in the areas of youth employment and skills development.
The first component of the IDEAS project centers on enhancing technical education, while the second aims to support skills development within the informal sector.
The third component focuses on technical teacher education, acknowledging the critical role that educators play in fostering a strong skills-based education system.
Lastly, the Innovation Grant Fund (IGF) seeks to stimulate innovation and creative problem-solving among participating individuals and organizations.
“We are not merely signing contracts; we are laying the foundation for a stronger, more resilient workforce through collaboration with our partners, stakeholders, and committed institutions.
