Marie-Francoise Mariel-Nelly, Country Director of the World
Bank in Nigeria said, the World Bank has budgeted 300 million dollars for Youth
Employment and Social Support Operation (YESSO) scheme in Nigeria.
Mariel-Nelly made the statement in Abuja on Tuesday at the
53rd Annual conference of the Nigerian Economic Society (NES).
Mariel-Nelly said increasing youth employment was one of the
bank’s global priorities as it had observed that one in five of all new job
seekers in Africa were Nigerians.
“The 300 million dollars project will cover all parts of the
country in up to 20 states,” she said.
Mariel-Nelly also said that the World Bank with support from
the EU would launch the State Employment and Expenditure for results project
(SEEFOR) in the Niger Delta region.
She said the aim was to take youths off the streets as well
as improve the country’s infrastructure.
She also said that through ACCESS Nigeria, the bank had
demonstrated commitment to opening employment opportunities for graduates
of Information Communication
Technology through target training in
core competencies benchmarked to global industry standards.
“The bank provides matching grant as seed money to empower
young farmers to adopt new technologies and acquire capital assets, which they
use to undertake a wide range of value addition and small-scale income
generating activities,” she said.
Mariel-Nelly concluded by saying the bank will continue to support
government efforts to address the challenge of unemployment in the country.
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