FG HAS SPENT N100 BILLION ON UNEMPLOYED YOUTHS AND MSME - FESTUS KEYAMO

The Minister of State for Labour and Employment, Festus Keyamo has said the federal government have disbursed N100 billion to unemployed youths and Micro, Small and Medium Enterprises (MSME) in Nigeria.

This he said in a statement made available to his media office in Abuja on Sunday.

The minister, represented by the Director-General of the National Directorate of Employment (NDE), Abubakar-Nuha Fikpo, said this during the launch of the disbursement of empowerment items to women in Jos, Plateau State.

According to the minister, the N100 billion was disbursed via the Development Bank of Nigeria from 2021 to facilitate Micro, Small and Medium Enterprises (MSMEs) to enhance job creation and reduce the unemployment rate in the country.

"Since 2017, the Development Bank of Nigeria has disbursed a total of N100 billion through the Bank's 27 participating financial Institutions (PFIs), thereby impacting more than 100,000 MSMES.