The Federal Executive Council has approved N5.5 billion for the training of 12,000 unemployed youths under the Federal Government’s N-Power Programme, according to the Minister of Budget and National Planning, Senator Udoma Udo-Udoma.
It will cost the government N259,000 to train each of the beneficiaries, who will acquire skills in various trades.
They are to acquire skills in various trades, including repairing of electronic gadgets like mobile phones.
The session was presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.
The Minister of Budget and National Planning, Senator Udoma Udo-Udoma, spoke with State House correspondents on the decision of FEC, saying that the programme was open to all unemployed Nigerian youths.
The minister explained that up to 60,000 youths in the age bracket 18-25 years would be part of the scheme.
Besides the training, he stated that a beneficiary would be handed tools worth N207,000 to take off.
He added that in the contract to be awarded to Softcom limited, “each of the 12,000 beneficiaries will train five others, making a total of 60,000.
“The idea is to make our youth entrepreneurs, employing others.”