World Bank has announced its readiness to give Nigeria youths $10m to reduce the rate of unemployment in Nigeria.
The amount will be shared to over 50,000 youth across the country to acquire all necessary skills needed for employment.
The World Bank Education Specialist, Dr Mistura Rufai, said this at a two-day innovation Grant Facilities (IGF) Memorandum of Understanding/ Contract signing and Implementation Workshop in Abuja on Monday.
The workshop was organised by the Innovation Development and Effectiveness in the Acquisition of Skills (IDEAS) Project of the Federal Ministry of Education.
Rufai said the fund will empower youth which will help to reduce rate of unemployment, build the country economic .
She said there are about 78 grantees and we hope that in about a year, we will have over 50,000 grantees being trained.
“This facility was designed to support complementing agencies that are promoting innovations in the training of digital skills.
“It aims at supporting critical intervention projects in the skills development ecosystem such that we develop digital skills across the country.
“The training is expected to have beginners, intermediate to advanced level. As we speak at the national level, we have about 10,000 youths currently being trained.”
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