N-Power: Kwara economy boosted with N840m in 6months
The Senior Special Assistant to the President on Job Creation and Youth Employment, Mr Afobabi Imoukhuede, has said that over N840 million has been invested in the economy of Kwara State in the last six months through the N-Power programme of the Federal Government.
According to him, volunteers of the scheme in the state who presently stand at 4,657 are paid N140m monthly as stipends.
Imoukhuede who disclosed these in Ilorin, Kwara state said 5,559 opportunities were allocated to volunteers from Kwara from which 5,207 qualified, and that 4,657 have received their stipends from January to date.
He also said N6 billion investment worth went into the economy of the country every month from the social investment programmes of the Federal Government in all the communities, amounting to N42 billion in the past seven months.
Imoukhuede noted that the unemployment ratio among the Nigerian youth, which is in the bracket of 18 and about 40 years, is about 48 per cent and that it was ridiculously high.
He said unemployment rate moved from 14.3 per cent in the last quarter of 2016 due to the economic recession while assuring government is working to overcome this.