Lagos State Governor, Mr. Akinwunmi Ambode on Thursday expressed fulfillment in the realisation of his campaign promise to establish an Employment Trust Fund (ETF), saying the initiative was a paradigm shift in positively and productively engaging the teeming youths of the state. Governor Ambode, who spoke at the Lagos House, Alausa while inaugurating the board of the ETF, said the establishment of the Fund marked a turning point in the responsiveness of government to the yearnings of the youth and unemployed people.
According to the Governor,
“I urge all Lagosians especially our young entrepreneurs and artisans to embrace this opportunity. The process of accessing the fund must be transparent, and beneficiaries will be chosen only on the strength and quality of their applications. The management of this Fund will be guided by global best practices and strict adherence to the rules and procedures spelt out in the law.
“Fellow Lagosians, this initiative has been designed to succeed. Our government will commit N6.25billion every year within the four years of this administration to a total of N25billion.
“Realizing that the first year of this administration is just three months away, precisely on May 29, 2016, the Commissioner for Finance is hereby directed to transfer the sum of N6.25b to the Employment Trust Fund immediately, today.”
The Governor said: “I
urge all Lagosians especially our young entrepreneurs and artisans to
embrace this opportunity. The process of accessing the fund must be
transparent, and beneficiaries will be chosen only on the strength and
quality of their applications. The management of this Fund will be
guided by global best practices and strict adherence to the rules and
procedures spelt out in the law.
“Fellow Lagosians, this initiative has been designed to succeed. Our
government will commit N6.25billion every year within the Four years of
this administration to a total of N25billion.
“Realizing that the first year of this administration is just 3 months
away, precisely on May 29, 2016, the Commissioner for Finance is hereby
directed to transfer the sum of N6.25b to the Employment Trust Fund
immediately, today.”
Read more at: http://www.vanguardngr.com/2016/03/ambode-establishes-n25bn-etf-for-unemployed-logosians/
Read more at: http://www.vanguardngr.com/2016/03/ambode-establishes-n25bn-etf-for-unemployed-logosians/
Lagos State Governor,
Mr. Akinwunmi Ambode on Thursday expressed fulfillment in the
realisation of his campaign promise to establish an Employment Trust
Fund (ETF), saying the initiative was a paradigm shift in positively and
productively engaging the teeming youths of the state. Governor Ambode,
who spoke at the Lagos House, Alausa while inaugurating the board of
the ETF, said the establishment of the Fund marked a turning point in
the responsiveness of government to the yearnings of the youth and
unemployed people.
Read more at: http://www.vanguardngr.com/2016/03/ambode-establishes-n25bn-etf-for-unemployed-logosians/
Read more at: http://www.vanguardngr.com/2016/03/ambode-establishes-n25bn-etf-for-unemployed-logosians/
Lagos State Governor,
Mr. Akinwunmi Ambode on Thursday expressed fulfillment in the
realisation of his campaign promise to establish an Employment Trust
Fund (ETF), saying the initiative was a paradigm shift in positively and
productively engaging the teeming youths of the state. Governor Ambode,
who spoke at the Lagos House, Alausa while inaugurating the board of
the ETF, said the establishment of the Fund marked a turning point in
the responsiveness of government to the yearnings of the youth and
unemployed people.
Read more at: http://www.vanguardngr.com/2016/03/ambode-establishes-n25bn-etf-for-unemployed-logosians/
Read more at: http://www.vanguardngr.com/2016/03/ambode-establishes-n25bn-etf-for-unemployed-logosians/
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