774,000 Jobs: FG Plans To Train Beneficiaries On How To Invest N60,000 Stipend in Business As Exit Strategy

774,000 Jobs: FG Plans To Train Beneficiaries On How To Invest N60,000 Stipend in Business As Exit Strategy

The Federal Government has revealed plans to train the 774,000 beneficiaries through Basic Business Training (BBT) in order to help them invest their N60,000 3 months stipends on business, thereby establishing themselves.

You may also like to read FG to Start Second Tranche of Payment to 774000 SPW Participants

This was disclosed by the spokesman of the National Directorate of Employment (NDE), Edmund Onwuliri, on Wednesday, said the training was part of the exit strategy being rolled out for the participants of the programme.

Onwuliri further disclosed that the Training is scheduled to hold at a central venue in each of the three senatorial districts across the states and the Federal Capital Territory.

According to Onwuliri, the participants are expected to acquire the relevant skills that would enable them to identify and manage micro and small businesses of their own after they exit the ESPW.

“While engaged in the three-month programme, participants were actively engaged in activities within the public works sector where they provided services such as environmental sanitation services in public places, drainage clearing and desilting, vegetation control, road traffic management and other community based and environment specific public works services.

“While providing such services, participants were paid a stipend of N20,000.00 per month for the period of three months that the programme was designed to last.

“One thousand unskilled persons were recruited from each of the 774 local government areas of the nation.

Advertisement

”It is expected that the training will further enhance the capacity of the participants to migrate from the transient job phase to a sustainable and self-reliant status thereby reducing mass unemployment among the unskilled and unemployed across the country,” Onwuliri stated.

You may also want to read Best Investment Apps 2020 That Makes Your Money Work For You

In the latest report by Daily Trust, they made it known that “the participants of Programme which was implemented by the Federal Ministry of Labour and Employment through the National Directorate of Employment (NDE), are yet to receive their stipends in full more than two months after completion of the programme”.

774,000 Jobs: FG Plans To Train Beneficiaries On How To Invest N60,000 Stipend in Business As Exit Strategy