The Federal Government on Thursday said the African Development Bank has approved a $300m loan to contribute to job creation, food security and nutrition, rural income generation and improved livelihood for youths in both urban and rural areas in the country.

The Secretary to the Government of the Federation, Boss Mustapha said this in Abuja at a round-table on tackling youth unemployment in Nigeria.

The event was organised by the Bureau of Public Service reform in collaboration with the Department for International Development.

The SGF at the event also constituted an Inter-ministerial task team to address the youth unemployment challenges in the country.

He said members of the team would be drawn from the Office of the Head of Service, ministry of labour, ministry of finance, Central Bank of Nigeria, Nigerian Economic Summit Group and the National Directorate of Employment.

The SGF said the Federal Government was committed to addressing the rising youth unemployment in the country through innovative ways.

For instance, he said the government through the bank of Industry had launched a N10bn Youth Entrepreneurship Support program to empower youth with loans to start business.

The program, he noted, is aimed at equipping young aspiring entrepreneurs with the right skills and knowledge to be self employed by starting and managing their own businesses.

He said, “The Federal Government has accorded agriculture priority in order to create job opportunities for the youth.

“We owe the youth in Nigeria today and tomorrow to work with determination and to do everything possible to win this battle.

“And am confident that with the commitment and strong resolve, we will have the results we are striving in the not too distant future.”

He said that the government is addressing the unemployment challenges through the implementation of the Economic Recovery and Growth Plan.

He said through the plan, the government has identified various sectors that could be used to create jobs for the people.

The Acting Director-General, BPSR, Mr Dave Arabi said agency had developed a policy note on how to effectively address the issue of unemployment in Nigeria.

He said the roundtable would provide a veritable platform for all stakeholders to come up with the needed solutions to addressing the unemployment situation.



http://punchng.com/afdb-gives-nigeria-300m-to-tackle-youth-unemployment/

Please don't give them cash..
I repeat don't give cash to them ..
Else club uno, elegushi beach, merrybet will their place of abode until the money is squandered!!

Simply provide the facilities and equipment they need and provide them with a conducive business conditions ....

Ok

Chai! This country would have been great....if not for our selfish leaders! Watch them openly pocket this cash now & act as if nothing happened.

It's really sad tho

Now now now This money done disapper already.

Chris Ngige is the only one who will be excited with this news.
As usual Solomon Dalung and his red beret will be sidelined.

Yawns

what reasonable project have they done, with all the previous money and loans they have collected in the past?
this country is ruled by greedy and selfish idiots.

Don't worry. We will soon hear that Zarah Buhari has bought ATVs

chai op all these greedy men dem no go embezzle d money

the bank nah mumu. Do they have a clue about the country they are sending 300m dollars to?

The concept is dead on arrival... polithiefians have already shared It amongst themselves

Another angle is..

If the money enters under Buhari, they will use it to negotiate with terrorists straight.....

Embezzlement loading..... The dawn is near

chuksjuve:


Please don't give them cash..
I repeat don't give cash to them ..
Else club uno, elegushi beach, merrybet will their place of abode until the money is squandered!!

Simply provide the facilities and equipment they need and provide them with a conducive business conditions ....

money that will develop legs as soon as it gets to our leader's possession

Very certain it would be misappropriated!

Long live President Muhammadu Buhari

They have divide the money among themselves already before it's arrival. Later we will hear in the news that hippopotamus has swallowed it.

loan here and there

The real youths (old haggard and grammar lacking polithiefcians ) are waiting for it.

Good.

The money has been swallowed upon arrival

NwaAmaikpe:



Chris Ngige is the only one who will be excited with this news.
As usual Solomon Dalung and his red beret will be sidelined.

Gbam, and the money will end up in the pockets of useless politicians, nonsense

A loan is not a gift.

They didn't "give", but rather we borrowed.

Debt keeps piling.

create jobs or make them do business with it. Well, why am i even saying this? They wont see this post anyway...

The money go disappear na ni...

The 70-something-year-old youths will squander it. Anyway thanks to them.

bss

Money for 2019 election don show

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The eagle and horses on the coat of arms will swallow it