The Senior Special Assistant to the President on Job Creation and Youth Employment, Mr Afobabi Imoukhuede, has said that over N840 million has been invested in the economy of Kwara State in the last six months through the N-Power programme of the Federal Government.
According to him, volunteers of the scheme in the state who presently stand at 4,657 are paid one hundred and forty million naira monthly as stipends.
Imoukhuede who disclosed these in Ilorin, Kwara state said five thousand, five hundred and fifty-nine opportunities were allocated to volunteers from Kwara from which five thousand, two hundred and seven qualified, and that four thousand, six hundred and fifty-seven have received their stipends from January to date.
He also said six billion naira investment worth went into the economy of the country every month from the social investment programmes of the Federal Government in all the communities, amounting to forty-two billion naira in the past seven months.
Imoukhuede noted that the unemployment ratio among the Nigerian youth, which is in the bracket of 18 and about 40 years, is about 48 per cent and that it is ridiculously high. He said unemployment rate moved from 14.3 per cent in the last quarter of 2016 due to the economic recession while assuring government is working to overcome this.