In a news report by the Guardian yesterday, a Nigerian delegation posted to the World Bank office in Washington DC, United States met, discussed and agreed on a N47billion ($300 million) International Development Agency resource that will be used to financially assist the Federal Government’s Youth Employment Initiative. The whole program according to FG will “increase access of the poor to youth employment opportunities, social services, and strengthened safety net systems in participating States.”

Haruna Mohammed, leader of the Nigerian delegation and part of the Ministry of finance, also said, “negotiating this project at this time is very crucial for the Nigerian team. This project is important. It is a direct support to the transformation agenda of the Federal and State Governments in Nigeria.

“Youth Employment is a key element of Mr. President’s agenda and a major initiative is already in place and yielding good result.

“The partnership with the World Bank will help to scale up the impact – especially for poor household in remote areas and this is very much welcomed. We thank the Bank for this facility. We strongly believe that this is a wise use of concessional borrowing – taking care of the future of Nigeria.”