GTB 737 banner Yudala banner

Bayelsa targets 7,000 temporary jobs from $50m World Bank development loan

By News Express on 24/05/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 678


The Bayelsa State Government on Wednesday said it planned to create at least 7,000 temporary jobs from the implementation of projects funded from the $50 million development facility from the World Bank.

The loan stock is part of the World Bank’s intervention with $200 million in four states in the Niger Delta region mainly Bayelsa, Edo, Rivers and Delta.

Addressing newsmen after a project tour of completed and ongoing interventions, Mr Ayens Adogu, Project Coordinator of State Expenditure For Results (SEFOR) Bayelsa, said more than 3,000 jobs had so far been created in the first phase of the project.

He said that there were indications that the state would exceed the targetted 7,000 at the end of the second phase of the programme following the successes so far recorded in the first phase.

The youth, according to Adogu, were engaged to provide labour for the concrete road projects for a period of one year and being paid a monthly stipend of N20,000 while a new set of youths are engaged at the end of the year to rotate the jobs among the unemployed.

Adogu said that the development of some micro projects were implemented with direct labour approach, to engage unemployed youths who were trained in skills and entrepreneurship, to enable them to seek self employment at the end of the temporary jobs.

He said that part of the conditions of the temporary one-year jobs included a compulsory saving which could only be withdrawn at the end of the contract to assist as start-up capital at the end of the one-year contract.

Adogu explained that SEEFOR project was a collaboration between the Bayelsa Government, World Bank and European Union to fund quick impact development projects like concrete walkways, streets, market stalls, craft centres and health centres .

According to him, benefiting communities are selected based on needs and readiness of the communities to contribute 10 percent of the N10 million set aside for each benefiting community.

Adogu said that some 108 micro public works projects had so far been completed in the first phase of the project while SEEFOR just advertised expression of interest for contractors for 136 new projects.

The Project Coordinator said that the projects had impacted positively on the lives of beneficiaries, especially in the rural communities by kick starting economic activities in processing of agricultural produce like cassava and fish.

According to him, “The government of Bayelsa is using the World Bank credit to reflate the economy of the state and boost economic activities to improve the living standards of the people.

“The impact of the project has touched the state’s economy; for instance, the payment of over 3,000 hitherto unemployed youths involves 10 banks and not to mention the award of small contracts for the over 108 micro public works projects across the state.”

Adogu said that the $50 million development facility had a 40-year tenor and 10-year moratorium at concessionary interest rate.

Source News Express

Posted 24/05/2017 9:32:54 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Kidnappers of Coscharis’ brother land in security net...

NiMET predicts cloudy morning, localised thunderstorms across the...

El-Rufai accuses National Assembly of working against Buhari’s...

Land racketeer slammed with N86m fraud charges, remanded...

Standard & Poor’s retains Nigeria’s sovereign rating but...

Petroleum Minister Diezani Allison-Madueke’s brother kidnapped

Life jail awaits kidnappers in Kano

Social media puts leaders on their toes: Saraki...

Economy: Our efforts yielding fruits: Udoma

36,000 to undergo HIV test in Ikorodu Lagos...

LASU students reject reduced fees, say Fashola is...

Army loses 9 soldiers while rescuing kidnapped NNPC...

 

Latest News Shops, markets to close for Ekwueme on Nov. 30 JAMB postpones sale of 2018 application forms Nigeria, Japan sign N642m grant aid project on economic, social development SPDC JV’s Afam VI power plant secures licence for another 10 years Tension in Sokoto as Shiites accuse Tambuwal of plotting mass killing NLC bemoans delay in negotiations for new minimum wage Air Force promotes 50 Senior Officers (PLUS: List of beneficiaries) Senate mourns Ekweme, tasks FG to name institution, national assets after him NEMA confirms 23 dead in Mubi bomb blast Mubi mosque suicide attack cruel — Buhari •Directs police reinforcement to quell Zamfara attacks CBN holds main lending rate, calls recovery 'fragile' Ekwueme: Nigeria has lost a great leader — Sani-Bello

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (295,231 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (278,870 views) Shameless Genevieve Nnaji exposes breasts in public (225,536 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (189,760 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (181,479 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (166,470 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (144,285 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (130,714 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (127,423 views) Lagos plane crash: Journalist releases victims’ names (116,607 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (113,895 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (108,146 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,777) Business Verdict (26) Columnists (769) Complaints & Requests (93) Enterprise & Opportunities (187) Entertainment (405) Features (510) Global Business Monitor (192) International (1,650) Interviews (138) Live Commentary (28) Love Matters (83) News (30,423) Opinion (838) Pidgin (9) Politics (4,118) Religion (649) Sports (1,357) Stock Watch (24) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

Argentina vs Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!