FG To Pay Unemployed Graduates Benefits

Unemployed graduates with qualifications from NCE and upwards have been promised social security payments.

The Federal Government disclosed this on Monday through the minister of finance and coordinating minister of the economy, Wale Edun.

Addressing journalists after the Federal Executive Council meeting on Monday, Edun disclosed that the programme would see unemployed Nigerian youths being paid stipends.

“At this period of heightened food prices, Mr President has committed to doing all that can be done to assist in giving purchasing power to the poorest and in that line.

“He has committed and instructed that the Social Security unemployment programme be devised, particularly to cater for the youth, for the unemployed graduates, as well as the society as a whole.

“So, we have coming, in the nearest future, an unemployment benefit for the young unemployed, in particular,” the Minister announced.

Edun also, said the FG will urgently establish a consumer credit scheme to alleviate the pains of economic adjustment.

Speaking on the composition, the minister noted 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.

“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.