VP Yemi Osinbajo Says: Federal govt to employ 300,000 graduates for 2nd phase of N-Power scheme
Nigeria Vice President Yemi Osinbajo has said that the Federal Government has concluded plan to engage 300, 000 unemployed graduates for the second phase of its N-Power programme. Osinbajo stated this, in Ilorin, the Kwara State capital, during the official launch of the state branch of the Government Enterprising and Empowerment Programme (GEEP) and MSME One-Stop Shop programmes organised by the federal government in collaboration with the Bank of Industry for traders, artisans and other medium and small-scale business operators Osinbajo said that the 300,000 would be employed to make the beneficiaries 500,000 having had 200,000 engaged previously.
Nigeria Vice President Yemi Osinbajo
The Vice President explained that the government came up with the idea of
the GEEP and MSME One-Stop Shop programme to make it easier for those
who run medium or small-scale enpterprises to access loan and operate
without encumbrances.
He said that the One-Stop Short facility would provide services of
regulatory agencies like National Agency for Food, Drug Administration and
Control as explained that the facility would operate as a centre for making
enquiries on manufacturing and operation of businesses.
Osinbajo who described Nigerian youths as the most vibrant in the world
said that the administration of President Buhari is committed to
empowerments of the youths.
The Vice President, noting that over 300,00 loans have already been given
through the GEEP scheme, disclosed that the government targeted one
million beneficiaries across the country.
Said he, “With GEEP market money, the idea is to be able to give to at
least a million people market women and artisians, some type of credit that
will assist them in their business. It is not free money. It money for
business, we expect it, paid back as you go along so that we can give you
more credit and we can expand the credit base.”
He lauded kwara government on its development of small and medium-scale
programme saying the state is one of those where the programme is most
promoted in the country.
The Vice President who said the state governor, Abdulfatah Ahmed, laid a
solid foundation for SMEs, assured that the the Federal Government would
continue to support the state on the programme.
Governor Ahmed, in his address, hailed the Federal Government for
improving welfare of the masses through the programme and advised
traders artisans and others that may benefit from the programme in the
state should make use of the opportunity judiciously.
The Vice President explained that the government came up with the idea of
the GEEP and MSME One-Stop Shop programme to make it easier for those
who run medium or small-scale enpterprises to access loan and operate
without encumbrances.
He said that the One-Stop Short facility would provide services of
regulatory agencies like National Agency for Food, Drug Administration and
Control as explained that the facility would operate as a centre for making
enquiries on manufacturing and operation of businesses.
Osinbajo who described Nigerian youths as the most vibrant in the world
said that the administration of President Buhari is committed to
empowerments of the youths.
The Vice President, noting that over 300,00 loans have already been given
through the GEEP scheme, disclosed that the government targeted one
million beneficiaries across the country.
Said he, “With GEEP market money, the idea is to be able to give to at
least a million people market women and artisians, some type of credit that
will assist them in their business. It is not free money. It money for
business, we expect it, paid back as you go along so that we can give you
more credit and we can expand the credit base.”
He lauded kwara government on its development of small and medium-scale
programme saying the state is one of those where the programme is most
promoted in the country.
The Vice President who said the state governor, Abdulfatah Ahmed, laid a
solid foundation for SMEs, assured that the the Federal Government would
continue to support the state on the programme.
Governor Ahmed, in his address, hailed the Federal Government for
improving welfare of the masses through the programme and advised
traders artisans and others that may benefit from the programme in the
state should make use of the opportunity judiciously.
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