The Federal Government has said it would extend its social security payments net to graduates with qualifications from NCE and upwards.
Speaking to newsmen after the Federal Executive Council meeting on Monday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed that the programme would see unemployed Nigerian youths being paid stipends.
Also , Edun said the Federal Government will urgently establish a consumer credit scheme to alleviate the pains of economic adjustment.
“There is coming a social consumer credit programme. By making consumer credit available, goods become more affordable, the economy even gets a chance to revive faster, because people have purchasing power that allows them to order goods, products,” he stated.
He explained that the Chief of Staff to the President, Femi Gbajabiamila, will lead a committee that includes the Minister of Budget and Economic Planning, the Attorney-General of the Federation and himself, the Coordinating Minister of the Economy.
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