By Damilola Adeyemo
ABUJA –Former Vice-President, Atiku Abubakar has slammed Federal Government over the increased rate of youth unemployment in the country.
In a statement, Atiku said “and even with the paucity of funds, we continue to ramp up government involvement in sectors that ought to be left to the private sector, with the latest being the ill-advised $1.5 billion so called rehabilitation of the Port Harcourt Refinery that has failed to turn a profit for years.
“what this government must realize is that the unprecedented insecurity Nigeria is facing is the result of youth unemployment. Idleness is the worst feature of unemployment because it channels the energy of our youth away from production, and towards destruction and that is why Nigeria is now the third most terrorized nation on earth.
In 2020, I recommended that to immediately and drastically bring down youth unemployment, every family in Nigeria with at least one school age child, and earning less than $800 per annum should receive a monthly stipend of N5000 from the government via their BVN and NIN on the condition that they verifiably keep their children in school.
” My recommendations still stands, and stands even stronger now that we have crossed the Rubicon in youth unemployment. If we can get the 13.5 million out of school Nigerian children into school, we will turn the corner in one generation. If we do not do this, then the floodgates of unemployment will be further opened next year, and in the years to come.”
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