Nigeria Gets 108 Billion Naira From AfDB To Tackle Unemployment
Unemployment has been a huge thorn in the side of Nigeria, and it just won’t go away.
An estimated 18% of Nigerians are without work, especially among young people.
But the federal government is tackling it headlong and has now received a loan from the African Development Bank, AfDB to put more young people to work.
On Thursday, the AfDB granted $300 million, about 108 billion naira to create more jobs.
The money would also be used to drive food security and nutrition, rural income generation and improved livelihood for young people in both urban and rural areas in Nigeria.
The Secretary to the Government of the Federation, Boss Mustapha, stated this in Abuja at a roundtable discussion on tackling youth unemployment in Nigeria.
The event was organised by the Bureau of Public Service Reform in collaboration with the United Kingdom Department for International Development.
Mustapha used the occasion to constitute an inter-ministerial task team to address the challenge of youth unemployment in the country.
Mustapha 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.
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