- The federal government has unveiled a scheme that will be economically beneficial to fresh Nigerian graduates
- The programme is expected to equip graduates with vital practical experience in various sectors to boost the nation's economy
- Among sectors in which the graduates will be trained and possibly absorbed are telecommunications, agriculture, and education
The President Muhamamdu Buhari-led federal government on Tuesday, August 31, launched Nigeria Jubilee Fellows Programme aimed at creating new opportunities for 20,000 fresh graduates each year.
In his remark during the launch of the scheme at the Presidential Villa, President Buhari expressed certainty that the programme would provide mentorship and support in various fields for young Nigerians, Vanguard reports.
He noted that the programme will equip beneficiaries with working experience in sectors of the economy like sectors information and communications technology, financial services, trade, manufacturing, agriculture and agro-processing, mining, telecommunications, creative industries and technology, education, health, research and development.
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“We believe that as this programme creates new opportunities for 20,000 recent graduates annually, the beneficiaries will use the opportunities presented to them and maximize their 12 months of engagement.”
Buhari reacts as Nigeria’s GDP grows by 5.01% in 2nd quarter
Meanwhile, President Buhari had hailed that report the Q2 2021 report by the Nigerian Bureau of Statistics (NBS), showing a third consecutive quarter of positive growth of Nigeria's economy, as well as the highest quarterly growth in GDP since 2014.
In a statement issued on Thursday, August 26, by the special adviser to the president on media and publicity, Femi Adesina and sent to Legit.ng, the report said that the Gross Domestic Product (GDP) grew by 5.01% in Q2 2021 following 0.51% growth in Q1 2021.
He said the growth, which continues the progress of the preceding two quarters, is a continuing trend reflecting Nigeria's economic rebound following the COVID-19-induced contractions seen in Q1 and Q2 2020.
According to the statement, the non-oil sector is a significant contributor to the economic performance in Q2 2021 with a growth of 6.74% in real terms, the fastest growth in the sector since the third quarter of 2014, adding that the contribution of the non-oil sector to GDP increased from 91.07% in Q2 2020 to 92.58% in Q2 2021.