The Federal Government is in the process of awarding unemployed youths monthly stipends.
The plan was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday after the Federal Executive Council meeting.
Throwing light on the scheme, Edun said those to benefit from the proposed social security programme would be graduates including holder of National Certificate of Education, NCE.
“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.
