Sunday, January 17, 2021

CACOVID to rebuild 44 police stations and support youth education

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The Central Bank Governor, Godwin Emefiele, has said the Coalition Alliance Against COVID-19 will rehabilitate all the police stations that were damaged in the country as a result of wanton destruction and lootings that followed the recent #EndSARS protests.

Emefiele also disclosed that CACOVID had so far spent N43.27bn on the acquisition of medical equipment and supplies, and food palliatives for the vulnerable, among others.

The CBN governor said the alliance plans to spend N150bn on youth empowerment as preliminary analysis indicated that unemployment, particularly among the youth, was a critical factor behind the unrest.

As a result, he said, CACOVID had committed to creating a high impact youth development programme that would provide technical and vocational education to over four million Nigerian youths over the next five years.

Emefiele said selected students on conclusion of the programme would be certified by the appropriate standards board and would be eligible to receive loans to support their entrepreneurial pursuits.