Business
Nigeria opens new round of technical training under TVET scheme
Emeka Onyeks
The Federal Government has commenced applications for the second batch of its Technical and Vocational Education and Training (TVET) programme, with selected participants set to receive a monthly stipend of N22,500.
This was made known in a statement issued on Monday by Boriowo Folasade, Director of Press and Public Relations at the Federal Ministry of Education.
The initiative is part of ongoing efforts to equip young Nigerians with practical, job-ready skills that can drive employment, entrepreneurship, and economic growth.
Programme details
According to the ministry, applications opened on April 13, 2026, and interested candidates are encouraged to apply for the nationwide training scheme designed to boost technical capacity and reduce unemployment.
Minister of Education, Tunji Alausa, described the programme as a key intervention to prepare youths for opportunities in a rapidly changing economy.
Tunji Alausa, Minister of Education
He noted that the government is investing in skills development to enable self-reliance, innovation, and long-term economic advancement through practical training and certification.
As part of efforts to expand its scope, the Ministry will collaborate with the Federal Ministry of Arts, Culture and Tourism to incorporate creative and cultural skills into the training.
Training structure and benefits
The programme offers intensive hands-on training lasting between six months and one year at accredited centres across all 36 states and the Federal Capital Territory.
Participants will receive monthly stipends throughout the training period and will be awarded nationally recognised certificates upon completion.
Training areas include construction, ICT, automotive technology, agriculture, beekeeping, creative media, fashion, cosmetology, hospitality, catering, tourism, and leather works, among others.
To ensure accountability, attendance will be tracked using biometric verification, and only participants who meet attendance requirements will receive stipends.
Applicants are required to provide their National Identification Number (NIN) and Bank Verification Number (BVN) during registration and must be available for full participation.
Interested individuals can apply via the official TVET portal.
Background
In December 2025, the Federal Government disbursed N4.7 billion as the first tranche of payments to trainees and accredited training centres under the programme.
The TVET initiative, which began rollout in May 2025, is part of a broader strategy to tackle unemployment and strengthen Nigeria’s skilled workforce.
Earlier, the Ministry had invited vocational institutions and master craftsmen to register for accreditation, allowing them to receive funding for training participants.
The programme adopts a practical-focused model, with 80% of training dedicated to hands-on experience and 20% to classroom learning.
Initial response to the scheme was strong, with over 90,000 applications recorded within the first week of launching the portal, while participation in entrance examinations rose significantly from 2024 to 2025.
Additionally, an artisan-led mentorship model has been introduced across upgraded technical colleges, enabling experienced professionals to guide trainees through their learning process.
The Central Bank of Nigeria (CBN) has prioritised the supervision of terrorism financing as part of efforts to protect the country’s financial system from abuse by illicit actors.
The apex bank disclosed this in a statement signed by its Acting Director, Corporate Communications and Investor Relations Department, Sidi-Ali Hakama, on Tuesday.
The supervisory focus would cover terrorism-financing risk management, transaction monitoring, targeted financial sanctions implementation, and suspicious-transaction reporting related to terrorism financing.
“This supervisory priority covers, at a high level, terrorism-financing risk management, terrorism-financing transaction monitoring, targeted financial sanctions implementation, and terrorism financing-related suspicious transaction reporting,” CBN said.
CBN also said it would continue to apply a risk-based supervisory approach, including on-site and off-site engagements, to strengthen anti-money laundering, counter-terrorism financing, and counter-proliferation financing controls across the financial sector.
“The Bank will continue to apply a risk-based supervisory approach, including on-site and off-site engagement, to support effective AML/CFT/CPF controls across the financial sector in line with existing legal and regulatory obligations,” it said.
The regulator further explained that the supervisory focus would also support Nigeria’s domestic and international cooperation on counter-terrorism financing, counter-proliferation financing, financial integrity and the protection of the financial system.
The apex bank added that further supervisory engagement would be undertaken where necessary.
“Further supervisory engagement will be undertaken as appropriate,” it said.
This is another step by the regulator to curb terrorism financing and prevent illicit actors from abusing the financial system.
READ ALSO: CBN removes FX, government securities restrictions on discount window access
In June, CBN directed banks and other financial institutions to immediately freeze accounts and assets linked to six individuals and four Bureau de Change (BDC) operators designated for terrorism and terrorism-financing-related activities, following an update to the Nigeria Sanctions List on 18 June.
In March, the CBN also amended the Revised Regulatory Framework for BVN and Watch-List for the Nigerian Banking Industry.
The amendment introduced measures that include a temporary 24-hour watch-list for BVNs linked to suspected fraudulent transactions, restricting BVN enrolment to persons aged 18 and above, limiting phone number amendments to once, and restricting access to BVN databases to CBN-licensed financial institutions.
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