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Tuesday, November 17, 2015

FG to start paying unemployed graduates N5,000 in 2016

President Muhammadu Buhari
This comes as a reprieve to millions of unemployed graduates in the country as the current administration finally decides to honour its promise to pay them N5,000 on a monthly basis. Though this is a stopgap approach in tackling the challenge of youth unemployment, I believe it will go a long way in addressing this all important issue. Here is the report in details:

The Federal Government has started the process of fulfilling its promise to pay N5,000 monthly allowance to 25 million unemployed youths in the country with 2016 as the take-off date, The PUNCH investigation has revealed.
The All Progressives Congress, which defeated the then ruling Peoples Democratic Party in the March 28 presidential election, had promised during its campaign that if elected to the central government, it would pay N5,000 monthly to 25 million jobless youths as well as introduce a free school feeding programme.
A motion to compel the President Muhammadu Buhari-led Federal Government to fulfil the campaign promise of paying the unemployed youths was recently rejected in the Senate. Our correspondents learnt on Monday that the Federal Government had, however, commenced plans to start the payment of the allowance while it had also taken steps to capture the free school feeding programme in the 2016 budget.

It was further learnt that the government had saddled some officials with the task of ascertaining the number of the unemployed youths, who would benefit from the scheme.
A top government official, who spoke on condition of anonymity on Monday, told one of our correspondents that the compilation of data was necessary in order to ensure that the programme was not sabotaged.
The source said, “You know that if the scheme is left open-ended, even Nigerians, who are employed and are by no means vulnerable, will still struggle to benefit from it.
“You also know that if not properly handled, politicians will hijack the scheme and it will become a means of settling their constituents, whether they qualify to benefit from it or not. This is why the government will come up with data on the beneficiaries very soon.”
The source added that the fund meant for the scheme would be built into the 2016 budget. He explained that it was only when a decision had been reached on the number of people that would benefit from the scheme that the government would have an idea of how much it would spend on the programme.
He agreed that as a result of the process to get ready the 2016 budget and passed it into law, the scheme might not take off either in January or February, 2016.
The Senior Special Assistant to the Vice-President on Media and Publicity, Mr. Laolu Akande, confirmed that work was ongoing on the identification of beneficiaries, saying it was the desire of government to ensure the commencement of the programme in 2016.
Akande stated, “Work is ongoing on various aspects of the implementation of that social investment plan, including the identification of those that will benefit from it. Very soon, we shall be concluding work on that; that is a very important aspect of the programme.
“The plan of the government is to start as much as possible in the area of social investment, and conditional cash transfer is part of it.
“It is the plan of the government to explore how to start this with the 2016 budget.”
Source: Punchng
What do you think about this development, will it help solve the problem of unemployment in the country?


  1. Good development. Kudos to the APC led government for making efforts to fulfilling their campaign promise in this regard. Meanwhile....i believe it is imperative for Nigerians to know who the beneficiaries would include. for example....are the fresh graduates the only beneficiaries? What about those that graduated in the last 5 years without any job up to date? Are they going to be included? What is going to be the modalities for choosing the beneficiaries etal?.

  2. However, this will not solve the problem of unemployment. Methink the APC actually made this campaign promise in error not holistically considering the fact that, creating jobs, in the long term, will benefit Nigerian graduates and job seekers, more, compared to paying them stipends.....It can succinctly be put....Don't give me fish..BUT..pls teach me how to fish.