FG Approves N5.5bn To Create 60,000 Jobs
The Federal Executive Council, FEC, has approved N5.595 billion for the creation of 60,000 jobs for youths in the country.
This was disclosed by the Minister of Budget and Economic Planning Senator Udoma Udo Udoma while briefing State House correspondents after the weekly FEC meeting at the Council Chamber, Presidential villa, Abuja.
Senator Udoma explained that the contract which is under the N-Power Knowledge Multipack project was earmarked to train 12,000 youths between 18 and 25 years old, adding that each of the 12,000 youths will be empowered to train five youths, bringing the total beneficiaries to 60,000.
According to him, the contract, which was awarded under the Social Investment Programmes, will make provision of N259,000 for each of each of the youths, while N207, 000 each for their tools.
The Minister of Finance, Zainab Ahmed disclosed that $6.8 million loan was approved for rebuilding of school in the North East.
Special Adviser to the President on Media and publicity, Chief Femi Adesina, said that the government has awarded 166 projects from the ecological fund and 93 of the projects have been completed and handed over to the different communities.
Adesina said that 20 more of the ecological projects were ready, adding that most of the projects were on erosion and flood control.