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Showing posts with label $300m. Show all posts
Showing posts with label $300m. Show all posts

Thursday, February 28, 2013

Nigeria negotiates $300m job creation scheme with World Bank


A NIGERIAN delegation to the World Bank Office in Washington DC, USA, Thursday successfully negotiated a $300 million (N47billion)  International Development Agency facility, to support the youth employment initiative of the Federal Government. The fund, which is a concessional credit, is to support the effort of government to “increase access of the poor to youth employment opportunities, social services, and strengthened safety net systems in participating States.”
Specifically, the scheme is expected to strengthened safety net system that would have a common targeting system and unified registry of potential beneficiaries as major elements to facilitate basic services for poor households.


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