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Establishment Of Graduate Youth Employment Scheme

Our Assessment 

This promise is rated Completed. While the administration spent the majority of its first term without a functional graduate-specific employment framework, it successfully revitalized the moribund Graduate Industrial Self-Employment Scheme (GISES) in its final year. 

 

 

Why It Matters 

For thousands of young graduates, the transition from academia to the workforce is often a period of high economic vulnerability. GISES serves as a strategic bridge, moving graduates from job seekers to job creators by providing the "seed capital" necessary to start small-scale industrial ventures. Unlike general palliatives, this scheme institutionalizes support for the manufacturing and service sectors, allowing educated youth to leverage their skills for local production. For the citizens of Oyo, a functional graduate scheme reduces youth dependency and stimulates the local economy through the birth of new micro-enterprises. 

 

Progress So Far

May 31, 2025 Updated: May 04, 2026

Oyo Revitalises Moribund Graduate Loan Scheme with Final-Year Training and Disbursement

As the first term entered its final months in early 2023, the Ministry of Investment, Trade, Cooperatives, and Industry formally operationalized the scheme by training over 400 graduate applicants

 

This intensive Entrepreneurial Development Programme (EDP), held in January 2023, focused on practical skills such as feasibility study writing, business management, and industrial identification. 

 

Following the training, the government approved a revolving soft loan of N500,000 for qualified applicants, ensuring that the participants had the financial backing to put their new skills into practice before the May transition.

 

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In the initial years (2019–2020), the administration’s focus was primarily on clearing backlogs of pension payments and stabilizing the general workforce. While the "Roadmap for Accelerated Development" listed the graduate scheme as a priority, actual implementation was deferred in favor of broader MSME stimulus packages launched during the COVID-19 pandemic. 

 

It was not until the final fiscal year of the mandate that the specific "GISES" machinery was fully oiled and triggered, allowing the administration to fulfill the promise of a dedicated graduate employment vehicle just as the first term concluded.

 

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