EU, World Bank to donate $17 million to fight unemployment

According to various media reports, the European Union (EU) has said it will support Delta State with $17 million (about N3.3 billion) out of an $80 million grant meant for four states in the Niger-Delta region.

Guardian News reports that the money is part of the World Bank, EU and Delta-sponsored State Employment and Expenditure for Results (SEEFOR) project.

According to the report, the World Bank’s Task Team Leader, Mr. Ismaila Sessay, made this known during a visit to the State Commissioner for Economic Planning, Dr. Kingsley Emu, in Asaba on Monday.

READ: Lagos State governor to establish platform for support of young entrepreneurs    

Sessay named the four states benefiting from the grant as Bayelsa, Edo, Delta and Rivers. The five-year program which reportedly started in 2013 is a $200 million fund backed by the World Bank.

The World Bank chief, who also doubles as the Head of Financial Management, added that the EU grant could create more room for a two-year extension of the programme.