The Federal Executive Council (FEC) yesterday approved N5.5 billion for the training and provision of devices to 12,000 youths in N-Power Knowledge Multi-Track Youth Empowerment Programme.
Each beneficiary will thereafter train five youths through well-structured platforms to raise the number of jobs created to 60,000 jobs.
The minister of Budget and National Planning, Senator Udoma Udo Udoma, who disclosed this at the end of FEC meeting, said the programme targets young Nigerians between the ages of 18 years and 25 years.
He explained that the programme intends to transform the youths from unemployed, under-employed trainees to employed citizens and entrepreneurs.
The minister said that a training firm would be working with officials of Social Investment Programme to execute the project.
Udoma said: “This programme targets 12,000 young Nigerians of between the ages of 18 and 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.
“It will deliver to 12,000 beneficiaries informed trainings which will enable beneficiaries 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.
“It can be grouped into three areas – mobile devices, computing devices and commonly used electronic devices irrespective of their socio-economic backgrounds. 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 5,000 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,’’ he said.
He revealed that the training contract, which was awarded to Messrs Softcam, was expected to be completed in nine months.
The minister of Finance, Hajiya Zainab Ahmed, disclosed that the council approved additional financing of $6.8millin sought as a loan from the African Development Bank (AfDB).