N-Power: FG Employs 500,000 In Empowerment Scheme
N-Power beneficiaries. Image: Powerhopes.com
Ngige spoke at the 3rd session of the specialised technical committee on social development, labour and employment of the Africa Union, which took place in Addis Ababa, Ethiopia.
“The present administration met a battered economy in 2015, which slipped into recession in the first and second quarters of 2016, prompting an aggressive economic recovery plan with big emphasis on agriculture and food security,” he added.
“The effects were dramatic. We boosted agriculture and raised the capacity of the nation to feed herself, to the extent that importation of rice, for example, dropped by 95%.
“The same goes for sorghum. This decisive inward look was pivoted on the elastic efforts of government, which the Central Bank of Nigeria piloted through the Anchor Borrowers Programme in agriculture.
He noted that under the N-Power scheme, the federal government had employed 500,000 graduates, the N-Build where 50,000 were engaged.
Also, he listed other programmes to include the N-Agro, N-Knowledge, N-Health, and N-Build where hundreds of thousands were also employed.