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IN 2015, the Federal Government introduced the National Social Investment Programme (NSIP) as a deliberate effort to pull many Nigerians out of poverty through capacity building, investment and direct support. N-Power is a component of the NSIP and all other components of it have come under supervision of the Ministry of Humanitarian Affairs, Disaster Management and Social Development to help tackle unemployment and alleviate poverty in the country, with the focus on the youth population. The programme was grouped into four major clusters: Job Creation, Conditional Cash Transfer, School Feeding and Government Enterprise and Empowerment Programme (GEEP). As an employability enhancement programme, the N-Power Scheme imbibes the learn-work-entrepreneurship culture in youth between the ages of 18-35. It focuses on improving the employability and income status of young Nigerians across all the states in the country.
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Katagum: 60% of N220bn MSME development fund reserved for women
April 05
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Katagum disclosed this during the recent Bank of Industry (BoI) international virtual women’s day 2021 celebration held in Abuja.
The MSMEDF was launched by the Central Bank of Nigeria (CBN) on August 15, 2013, with a share capital of N220 billion in recognition of the significant contributions of the MSMEs to the economy and bridge the existing financing gap.
“We thank Mr President for granting women this priority,” she said.
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“Furthermore, this government has tried to balance female entrepreneurship through the Government Enterprise and Empowerment Programme (GEEP); a N112 billion social intervention fund, which provides zero-interest financing to beneficiaries at the lower echelon of the business ecosystem, who are also predominantly market women.
Creating youth empowerment through N-Power, other NSIPs
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By Louis Achi
Poverty alleviation and productive youth engagement remain key challenges of modern economies around the world. Nigeria is no exception. Readily to be blamed is a poor enterprise culture. But genuinely concerned governments have responded appropriately.
Under the administration of President Muhammadu Buhari, carefully designed poverty alleviation programmes and skills acquisition projects are now major drivers of change. Conceived in 2016, they have assumed a multi-dimensional footing cutting across all facets of age group, educational strata and geographies. These are the N-Power Programme and other National Social Investment Programmes, NSIPs.
It is designed for both young graduates and non-graduates in order to harness their skills for innovation, entrepreneurship and productivity. The targeted sectors are education, agriculture, health, technology, creative industry, construction and artisanal indust
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