The Federal Executive Council (FEC) on Wednesday approved N5.5 billion towards creating 60,000 jobs in the country.
The contract, under the N-Power Knowledge Multipack project, target to train 12,000 youths between 18 and 25 years old.
The 12,000 youths will in turn be empowered to train additional youths, bringing the total beneficiaries to 60,000.
Minister of Budget and National Planning, Udoma Udo Udoma, briefed State House correspondents at the end of FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.
According to him, the contract, which was awarded under the Social Investment Programmes, will make provision of N259, 000 each for training the youths and N207, 000 each for their tools.
Finance Minister, Zainab Ahmed disclosed that $6.8 million loan was approved for the rebuilding of school in the North East.