N-Power: Kwara econ­omy boosted with N840m in 6months

Daily Trust - - BUSINESS - From Romoke W. Ah­mad, Ilorin

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.

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