FG unveils World Bank’s $300m assisted project for Nigeria’s extreme poor
ABUJA – The Federal Government yesterday, unveiled the Youth Employment and Social Support Operation (YESSO), a World Bank assisted programme aimed at increasing access of Nigeria’s poor citizens to youth employment opportunities, social services, and strengthened safety net systems in participating states.
YESSO which takes off in initial seven states will particularly provide funding for the government to build and keep a registry of Nigeria’s extreme poor so that appropriate programmes can be targeted at them.
The project is being implemented in partnership between the Federal Government, states and the World Bank which is providing some $300 million financial assistance.
The programme has four components, including social safety net coordination, public workfare programme which will support participating states to provide immediate labour intensive work opportunities for unskilled youths from poor household.
It also has a component skills development for the unskilled as well as the conditional cash transfer scheme which provides effective incentives for extremely poor households to invest in the human capital development of their children and adequate cash benefits to increase household consumption.
The coordinating minister for the economy and finance minister, Ngozi Okonjo-Iweala, who launched the programme said the YESSO project further gives impetus to the Federal Government job creation efforts under President Goodluck Jonathan’s transformation agenda.
– BUSINESS DAY