A former Deputy Governor of the Central Bank of Nigeria and Chairman of Federal Roads Maintenance Agency (FERMA), Tunde Lemo has announced his plans to donate N25 million to support youth training in vocational skills.
According to a statement issued by his communication adviser, Eddy Ademosu and made available to journalists in Abeokuta, Lemo said the training is being organised to celebrate his 60th birthday.
The initiative, tagged ‘Lend a helping hand,’ will be held at the Peter Akinola Foundation, at the Youth Centre for Industrial Training, Abeokuta; Auto medics, Ilupeju Bye-pass, Lagos and
Etiwa Nigeria Limited, Lekki.
He said the empowerment scheme is an intervention aimed at equipping interested unemployed youth – graduates and non graduates – with vocational skills that will either enhance their employability or prepare them for self employment.
Lemo stated that the training would be conducted for five years consecutively, explaining that the programme would cover specific disciplines in auto mechanics, masonry and other construction skills; agriculture, catering, fashion designing and, will also include enhancing the youths’ Information Technology capabilities.
“The initiative was borne out of the staggering unemployment rate (36.5%) among the Nigerian youths which constitutes a very serious socio-economic problem in the country,” he said.
The training institutions, he explained have a track records in training and development of youths and in many cases assisting in the employment of their graduates.
“In the estimation of the promoter of the initiative, the programme would run for an initial period of 5 years (2020 – 2024) with a total estimated cost of N125 Million.
“And with a firm commitment to the success of the initiative, the celebrant and his family have offered to provide 20% of the funding, which translates to N25 Million. We are hoping to raise partners who will commit to participate in the program in different highlighted categories of Platinum, Gold and Silver with stratified numbers of youths’ sponsorship.
“The programme also provides opportunities for other donors willing to assist but who are unable to participate at the partners’ categories to indicate level of donations either as one-off or annual commitment”.