CBN Trains 6,500 North East Youths On Entrepreneurship

No fewer than 6, 500 persons in the North East were trained by the Central Bank of Nigeria (CBN) under its Youths Innovative Entrepreneurship Development Programme (YIEDP) in the last two years.Alhaji Abubakar Gusau, the Managing Director, A and I Development Project, an NGO, disclosed this at a press briefing in Maiduguri yesterday.Gasau said that the five-year programme was targeting 7000 beneficiaries from Borno, Yobe, Bauchi, Gombe, Taraba and Adamawa states, adding that the programme had so far created more than 4, 000 direct and indirect jobs and offered business stimulation counselling to about 16, 600 retailers. No fewer than 3, 000 graduates and about 2, 000 internally displaced persons in camps were trained in Borno and Adamawa under the programme. The training was aimed at harnessing the potential of the teeming youth population to propel that demography for the much-needed economic recovery. The training would provide timely and affordable credit to assist youths in implementing their business ideas. It is designed towards unlocking of potentials, providing the mechanism of stimulating growth, reducing unemployment as well as addressing youth restiveness. Despite the strangulating insurgency bedeviling the state, we were able to achieve about 93.3 per cent of our target on training, 64 percent on counseling, 69 per cent of business startup and expanded as well as 53 per cent jobs creation, Gusau said. End
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