The Federal Government of Nigeria plans to exit 200, 000 beneficiaries of its N-Power programme just after three years of recruiting them in the scheme.
Officials of the National Social Investment Office (NSIO) and the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development confirmed that 200, 000 out of the recruited 500, 000 persons will be laid off.
This is because there is no budgetary provision for them in the 2020 budget by the federal government.
Suffice to say that the youth empowerment program was inaugurated by the federal government with a focus on large-scale skill development for employment and social development.
A top official noted that the government could not further afford the sustainability of the beneficiaries as it must recruit others too.
However, an exit plan is in place to cater for the affected beneficiaries but subject to approval by the Minister of Finance, Budget and National planning, Zainab Ahmed.
The exit plan is to serve as a soft-landing for the disengaged participants as it aims to ensure they are not rolled back into unemployment.
One of the plans is to avail the participants access to loans between N30, 000 and N100, 000 to start small and medium scale businesses.
Also, the federal government hopes to partner with state governments, as well as private sectors in a bid to absorb some of the beneficiaries as they are equipped with enough experience. �