Nigeria’s Minister of Finance, Mrs Kemi Adeosun has assured that the Buhari administration has no plans whatsoever to scrap the YouWin empowerment and entrepreneurship scheme inherited from the previous administration.
The Minister disclosed during her first Facebook Live Session, a 23-minute event filmed at the Ministry’s headquarters in Abuja, and broadcast live through her Facebook page to an audience of more than 130,000 persons within the first hour.
According to her, the Federal Government has reviewed the scheme and repositioned it as YouWiN!Connect, which focuses on continuous enterprise education and skills building.
As part of the restructuring, the Minister noted that YouWiN!Connect now publishes weekly editorials in four national newspapers.
She added that the principles of YouWiN!Connect would be incorporated into university curricula across Nigeria.
Acknowledging the challenges the Nigerian economy faced recently due to low oil prices, the Minister said: “the good news is that we are working through the issues one by one, and trying to ensure that as we rebuild the economy, we get away from the boom and bust cycle of the past — we want to build an economy where, whether oil price is high or low, there’s sustainable growth for Nigeria and for Nigerians.”
The Federal Government, she said, was doing this by investing heavily in infrastructure and working to create an enabling environment for businesses. One evidence of this renewed focus is the fact that the Ministry of Finance has so far released a Trillion Naira for infrastructure projects in the 2016 budget; a level of infrastructure investment unprecedented in Nigeria’s history.
On the Federal Government’s Whistleblowing Policy, the Minister said it was introduced not only to recover stolen funds but to also serve as a deterrent against corrupt practices.
“Just last week, a whistleblower made claims of long-term fraud and funds misappropriation in YouWiN!,” she disclosed, adding that the Government was now investigating those claims with a view to taking appropriate action.