The Federal Executive Council, (FEC), on Wednesday, approved the sum of N5.595 billion for the establishing of 60,000 jobs for youths in the country. The foregoing was revealed by Senator Udoma Udo Udoma, Minister of Budget and Economic planning while briefing State House correspondents in Abuja.
The minister explained that the contract which is under the N-Power Knowledge Multipack project would be earmarked to train 12,000 youths between the ages of 18 and 25. Udom noted 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 the training the youths, while N207, 000 each for their tools.
On her part, the Minister of Finance, Zainab Ahmed disclosed that $6.8 million loan has been approved for the rebuilding of schools in the North East. Special Adviser to the President on Media and Publicity, Femi Adesina, said that the government has awarded 166 projects from the ecological fund and that so far, 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.
