Buhari, represented by Vice President Yemi Osibanjo, made the pledge at the coronation of the Oba in Benin on Thursday.
The President, who congratulated the new monarch, also prayed for his success.
Buhari said: “On behalf of the president and government of the federal republic of Nigeria, I congratulate you on this momentous and historic occasion.
“We assure you of our full support, especially for the royal destiny trustprogramme for youth employment and poverty alleviation which your royal majesty has set out.”
Buhari described the late father of the new Oba as a principled and forthright Nigerian.
He said the father contributed to the development of the country, urged Oba Ewuare II to sustain the legacy left behind by his ancestors.
Buhari also said: “It is the responsibility of this illustrious legacy that your royal majesty bear from this day forward.
“Consequently, this ceremony is not merely a celebration of the pump and pageantry of history.
“Your walk through your kingdom to this place of your coronation speaks of the great obligation of privilege; the obligation of protecting the cultural rights of the people and promoting their wellbeing.
“We are gratified that your meritorious service as Nigeria ambassador to various nations and your sterling works in the oil and gas industry stand you in good stead to fulfill these obligations.
“All of those who know you are convinced that you will discharge these responsibilities with great wisdom and integrity that your great ancestors have all displayed.”
The President also congratulated Governor Adam Oshiomhole on being the first Edo State man to hand over a staff of office to a new Oba.
He said: “Today, your name finds a notable place in the rich history of Edo monarchy.”
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