The Federal Executive Council (FEC) presided over by President Muhammadu Buhari, on Wednesday, approved N5.5 billion for the training of 12,000 unemployed youth in the country under the N-Power social intervention programme.
The training which will last for nine months for selected youths across the six-geo political zone, will enable the beneficiaries assemble, repair and maintain electronic products such as mobile phones, competing devices, among others.
Briefing State House Correspondents at the end of the three-hour meeting, the Minister of Budget and National Planning, Udoma Udoma, said the programme was open to all unemployed youth, irrespective of their educational background.
The minister said the training of each of the beneficiaries will cost, N259,000.
He said employment scheme is targeted at creating jobs for 60,000 Nigerians aged 18-25 years.
At the end of the training tagged, “N-power knowledge multi track youth empowerment programme”, the minister said the beneficiaries would be given working tool of N207,000.
“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,” he said.
The contract is awarded to Softcom limited.