€38 Million Investment: NEPAD Youths Empowerment Programme in Nigeria and 4 African Countries

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The New Partnership for Africa’s Development (NEPAD) disclosed that the organization is set to invest €38m in African youth’s empowerment and train in Nigeria and four other African countries in the next three years.

Estherine Fotabong, Director New Partnership for Africa’s Development (NEPAD) Continental, disclosed this during a warm courtesy visit to the office of the Secretary to the Government of the Federation (SGF) on Monday the 27 February, 2017 in Abuja, Nigeria.

Estherine Fotabong, Director New Partnership for Africa’s Development (NEPAD) Continental stated that the project would focus on skill acquisition for the youths of the benefitting countries namely Algeria, Cameroon. Nigeria, South Africa, and Tunisia.

Estherine Fatobong disclosed that Nigeria would be used as the pilot country for the programme, adding that 40 percent of the youths in Africa were unemployed.

“We are here to launch the skill acquisition programme in Nigeria and the country should be ready to take over its leading role in Africa. Estherine Fatobong Said

“Over 40 percent of African youths are unemployed and we need to employ them because the inability to engage them will result to them flying abroad when they should be employers of labour.

“The whole exercise will invest €38m for over a period of three years.”

Estherine Fatobong noted that the programme would also include giving support to women for business, improving girl child education and support scholarship for students in rural areas in the five selected countries.

Estherine Fatobong said that New Partnership for Africa’s Development (NEPAD) Nigeria would collaborate with relevant Ministries, Department and Agencies to actualize their goals.

Estherine Fatobong expressed her gratitude to the Federal Government of Nigerian for supporting New Partnership for Africa’s Development (NEPAD) in the country.

The Secretary to the Government of the Federation (SGF), Mr. Babachir Lawal, expressed his gratitude to the delegates from New Partnership for Africa’s Development (NEPAD) for considering Nigeria as the pilot country and first point of call for the youth empowerment.

Mr. Babachir Lawal, Secretary to the Government of the Federation (SGF) said that the project was timely as youth empowerment was in line with change mantra of the present administration of President Muhammadu Buhari.

Mr. Babachir Lawal, Secretary to the Government of the Federation (SGF) urged New Partnership for Africa’s Development (NEPAD) delegates that the programme should focus on agriculture as that would also boost the economy of the country.

Africa’s huge investment potentials that would be a forum to exhibit Africa’s enormous investment potentials to the global investing community

Mr. Babachir Lawal, Secretary to the Government of the Federation (SGF) assured New Partnership for Africa’s Development (NEPAD) that all monies disbursed would be judiciary and judiciously used for its purpose.

Mr. Babachir Lawal, Secretary to the Government of the Federation (SGF) further said “I want to stress that focus should be placed on agriculture in the skill acquisition for Nigerian youths and value addition for agricultural products.

“I assure you that all monies disbursed for the project will be judiciously utilised as there is zero tolerance for corruption in this administration’’, he said.

The New Partnership for Africa’s Development (NEPAD) investment in the African youths has been described as a veritable tool for the socio-economic transformation of the continent.

The New Partnership for Africa’s Development (NEPAD) project would provide a platform to showcase and promote Africa’s local content.

Nigeria and other African countries have identified the urgent need to diversify our economy, develop local contents, and enhance the competitiveness of our products in the international market.

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