The Federal Executive Council (FEC) has approved a new scheme that is targeted at creating employment for 60,000 Nigerians aged 18-25 years.
The Minister of Budget and Planning, Udoma Udoma, announced this on Wednesday while briefing State House correspondents at the end of the meeting presided over by President Muhammadu Buhari.
According to Udoma the new scheme is called the N-Power knowledge multi-track youth empowerment programme.
FEC Meeting, headed by President Buhari
He said under the scheme, 12,000 unemployed or under-employed graduates aged 18-25 yrs will be trained and given relevant devices afterwards. The training will be on mobile computing and commonly used electronic devices
Udoma added that the programme is open to all unemployed graduates and will be run under the National Social Investment Programme (NSIP).
He also said after the training, each of the initial 12,000 selected and trained “will be empowered to train five other youth, leading to additional 60,000 jobs”
He confirmed that the contract for the programme was awarded to Softcome Ltd in collaborarion with the officials of NSIP.
The minister also said the federal government will spend N259,000 per youth on the training while an additional N207,000 will be spent for work tools.
Udoma put the value of the programme at N5,595,669,250 to run for 9 months.