25 Oct FG earmarks N75bn for youths development
To address some of the issues thrown up by the #ENDSARS protest, the Federal Government said it has set aside N75 billion Youths Fund for their development projects for the next three years.
Minister of Finance, Zainab Ahmed disclosed this in Kaduna. She the fund, which broken down to N25 billion per year, is meant to support the youths to actualise the creative and entrepreneurial ideas of the Government.
The Minister who was in Kaduna alongside the Minister of Environment, Dr. Mohammed Mahmood Abubakar, also said, they were in Kaduna in response to the directive of President Muhammadu, who ordered all the Ministers to go back home and engage with their state governments and other stakeholders over the recent violence occasioned by the #EndSARS protests across the country.
According to her, “We came to meet with the Government of Kaduna State to discuss the issue of protests that have been happening around our country, specifically, the #EndSARS.
“The State has prepared an excellent report and rendered to us on all the plans and efforts they have undertaken and we have also come to understand the challenges that they have and how best to support them.
“We are here in response to the directive Mr. President gave to all Ministers to go back home and engage the major stakeholders within the states to see how best we can support the states in trying to address the security issues that we have at this time. So, it was a wonderful meeting and it was very productive.
“What we are doing at the Federal level is that we have set aside N25bn Youths Fund. It is actually an N75bn fund for three years. So, we are starting with N25bn for 2021. The fund is meant to support the youths to actualise creative and entrepreneurial ideal that we have, so that, they can be more productive, be their own bosses and employ other youths,” she said.
On his part, Abubakar said his ministry has established recycling plants across the states, which are already employing the youths.