The Federal Government today 15 March disclosed the African Development Bank has approved a $300m loan to help alleviate unemployment problems, provide food and security, rural income generation and improved livelihood for youths in both urban and rural areas in the country.
This was declared by the Secretary to the Government of the Federation, Boss Mustapha in Abuja at a round-table on tackling youth unemployment in Nigeria.
He said members of the team to work on the new proposal would be from 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 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 through the implementation of the Economic Recovery and Growth Plan is addressing the unemployment challenges
He said through the plan, the government has identified various sectors that could be used to create jobs for the people.