FG Signs $300 Million Loan Agreement With ADB To Create Jobs
The federal government has signed a $300 million loan agreement with the African Development Bank (ADB) to create jobs in the country.
Secretary to the Government of the Federation (SGF), Boss Mustapha, made the disclosure on Thursday at a round table forum in Abuja, on the Bureau of Public Service Reforms (BPSR) Policy Note on tackling youth unemployment in Nigeria.
According to him, the approved amount under the ‘’ENABLE Youth Programme’’ would take care of security and nutrition, rural income generation and improved livelihoods for the youths in both urban and rural areas.
He also said that the government was partnering with the International Institute for Tropical Agriculture (IITA) youth programme to create business opportunities and decent employment for over 1,0000 young women and men along priority agricultural value chains in farming, marketing, processing and aquaculture.
Represented by a director in the SGF office, Yinka Alex Aguda, Mustapha explained that before now, the government, through the Bank of Industry, had launched a N20 billion Youth Entrepreneurship Support (YES) programme to, among others, empower the youths with loans to start business.
He said the programme was aimed at equipping the young people with the requisite skills and knowledge to be self-employed by establishing and managing their own businesses.