AfDB Approves $300m Loan For Nigeria

The African Development Bank (AfDB) has approved Nigeria’s $300m loan for employment creation, food security and rural development.

Secretary to the Government of the Federation (SGF) Boss Mustapha said this in Abuja on Thursday at a round-table on curbing raising youth unemployment in Nigeria.

Mustapha also reaffirmed the Federal Government’s resolve to tame youth unemployment in the country.

According to him, the government through the bank of Industry had launched a N10bn Youth Entrepreneurship Support program to empower youths with loans to start businesses.

He added that it is aimed at preparing young entrepreneurs with the right skills and knowledge to be self employed by starting and managing their own businesses.

“The Federal Government has accorded agriculture priority in order to create job opportunities for the youth,” the SGF added.

“We owe the youth in Nigeria today and tomorrow to work with determination and to do everything possible to win this battle.

“And am confident that with the commitment and strong resolve, we will have the results we are striving in the not too distant future.”

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