The Federal Government (FG) revealed on Monday its plan to launch youth unemployment benefit, where unemployed Nigerians youths would be paid stipends. This was made known to State House correspondents on Monday by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, after the Federal Executive Council (FEC) meeting.
He said, “At this period of heightened food prices, Mr President has committed to doing all that can be done to assist in giving purchasing power to the poorest and in that line.
“He has committed and instructed that the Social Security unemployment programme be devised, particularly for the youth, for the unemployed graduates, as well as the society as a whole.
“So, we have coming, in the nearest future, an unemployment benefit for the young unemployed, in particular.”
Speaking on the consumer credit program, Edun said, “Finally, all in the same line, to emphasize that there is empathy and there is feeling for those who are less well off, or feeling particularly the pains of this adjustment. There is coming a social consumer credit programme.
“By making consumer credit available, goods become more affordable, the economy even gets a chance to revive faster, because people have purchasing power that allows them to order goods, products.”
