The federal government is currently assisting unemployed Nigerians in becoming employers of labor through the National Directorate of Employment (NDE).
Lawan Yaya, the NDE’s Bauchi coordinator, made the announcement to the News Agency of Nigeria (NAN) on Saturday.
He stated that several of the NDE recipients
“At the very least, the federal government is focusing on unemployed youths by implementing various interventions to help them become self-employed.”
“At the end of a recent NDE entrepreneurship training, 40 beneficiaries out of 100 received loan packages ranging from N250,000 to N500,000, and they are now in serious businesses.”
“In agriculture, the NDE’s Rural Employment Promotion Department recently trained 93 participants who were each given a loan package of N100,000.”
“Some of them bought cows, while others are into crop production; some are into the agriculture value chain, and they have even employed some hands and become employers of labor,” Mr Yaya explained.
He went on to say that some of the beneficiaries who received N60,000 each under its Extended Special Public Works formed a cooperative society and pooled their resources to acquire cows.
He said that they butchered the cows after three months to obtain larger seed.
funding to launch a variety of small companies in local areas.
“The federal government is making a significant contribution to addressing the country’s unemployment problems.”
“I say this because the Industrial Training Fund invited me to their program, and we’ve seen young entrepreneurs who were given loans and have already become labor employers,” he explained.
Mr Yaya mentioned the CBN’s Nirsal Microfinance Bank as another organization that helps and assists unemployed adolescents to become labor employers.
“If you look at the Bank of Agriculture, they are also a progress partner.”
“Some NDE trainees who were unable to obtain loans from the directorate were linked with the bank and are now obtaining loans from there,” he explained.
He recommended recipients of various federal government interventions to take advantage of all available chances.