Home BUSINESS Technology Buhari Govt To Invest N5.5 Billion To Turn 60,000 Youths Into Self-Employed

Buhari Govt To Invest N5.5 Billion To Turn 60,000 Youths Into Self-Employed

The Muhammadu Buhari led federal government has enunciated an ambitious plan of training a total of over 60,000 Nigerian youths across the six geographical zones for the purpose of making them to be self-employed entrepreneurs.

The Federal Executive Council (FEC)  meeting today, Wednesday, presided over by the President, resolved to pursue the novel programme, which will cost over N5.5 Billion, with vigour.

Briefing newsmen after the meeting, the minister of Budget and National Planning, Udoma Udo Udoma said that it is part of the Buhari government’s social investment programme.

The minister said that the immediate target of the programme are 12,000 young Nigerians of between the ages of 18-25 years.

“It is meant to give them trainings and devices. The trainings intend to transform the 12,000 beneficiaries from unemployed, under-employed trainees to employed citizens and entrepreneurs.”

He said that the 12,000 beneficiaries are expected to build and imbibe technical proficiency such as assembling, repairs, maintenance as well as technology skills and digital literacy across a wide range of electronic brands, products and technology in others.

According to Udoma, the devices have been categorised into three areas – mobile devices, computing devices and commonly used electronic devices irrespective of their socio-economic backgrounds.

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“It’s a programme that is open to all unemployed youths across the six geopolitical zones. Each of the 12,000 targeted beneficiaries will be empowered to train 5 youths via a training platform which means they will need to translate the jobs to 60,000 additional jobs because each of the 12,000 is empowered to train five other youths via a training platform and engage them on his or her platform. “The project is awarded to Messrs Softcam. It’s of nine months’ duration. Softcam will be working with officials of Social Investment Programme.

“It will cost N259,000 per youth for the training and N207,000 for work tools. Thereafter, once they are trained, they will set up their businesses. Each of the 12,000 beneficiaries will set up his/her business. The cost is N5, 595, 865 billion

“The idea is to ensure that our youths are trained and capable of handling all these electronic equipment.”

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