Vice President Yemi Osinbajo has revealed that the President Muhamamdu Buhar-led federal government will engage 500,000 unemployed graduates this year, 2018.
VP Yemi Osinbajo
While speaking in a chat with CNBC’s Chris Bishop, at the ongoing World Economic Forum in Davos, Switzerland, Vice President Yemi Osinbajo (SAN), disclosed that the federal government has committed a total of N500 billion in the 2018 budget to engage 500,000 unemployed graduates in the year 2018.
The budgeted funds is part of the federal government’s Social Investment Programme (SIP) designed to cater for the vulnerable and the poor.
Osinbajo, said that the federal government has been investing in the most ambitious social investment project in the country since 2016 which includes giving micro credit loans, and conditional cash transfers to the poorest of the poor.
His words: “Social policy is crucial because we think that in order to achieve the inclusive growth we’ve been talking about we must find a way of accounting for the vast majority of our people who still are in one form of deprivation or the other and that’s why this social investment scheme is extremely important and we hope that we’ll be able to improve on the numbers in terms of the social investment itself and also to see incremental improvements in those who are coming out of poverty.”