CBN trains 6,500 persons on youth entrepreneurship development skills in North East

No fewer than 6,500 persons in the North East have been trained by the Central Bank of Nigeria under its Youths Innovative Entrepreneurship Development Programme in the last two years.

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Alhaji Abubakar Gusau, the Managing Director of A and I Development Project, an NGO, disclosed this during at a press briefing in Maiduguri, the Borno State capital, on Wednesday.

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Gasau said the five-year programme was targeting 7,000 beneficiaries from Borno, Yobe, Bauchi, Gombe, Taraba and Adamawa States.

He said the programme had so far created more than 4,000 direct and indirect jobs and offered business stimulation counseling to about 16,600 retailers.

Gasau said no fewer than 3,000 graduates and about 2,000 internally displaced persons in camps were trained in Borno and Adamawa States under the programme.

He said the training was aimed at harnessing the potential of the teeming youth population to propel that demography for the much-needed economic recovery.

He said: “The training would provide timely and affordable credit to assist youths in implementing their business ideas.

“The training 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 per cent on counseling, 69 per cent of business startup and expanded as well as 53 per cent jobs creation.”

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