The payout was made through the Ministry of Finance, to successful winners of the YouWin initiative started by the previous administration, showing the support for his predecessor, Dr Goodluck Jonathan.
Reports say that the present administration took it upon itself to reward the young Nigerians who had scaled through the selection process under the Jonathan-led administration.
With this development, previous fears that the Buhari administration may scrap the YouWin programme has been quelled.
Speaking on the latest development, Minister of Finance, Kemi Adeosun, informed that the Buhari-led government is working on restructuring the programme to match its’ ‘change’ mantra.
Buhari Pays YouWin Winners
She added that everyone who benefited from the scheme would be properly verified, using the bank verification number (BVN) before disbursements are made.
Mrs Adeosun stated that the federal government would begin consultations with the beneficiaries and other stakeholders of the programme to inject new ideas in order to ensure its sustainability.
She also informed that the ministry of finance, which has been running the programme from inception, will hold the consultation on July 22 in Abuja.
In a related development, Director at the Ministry of Information, Na’inna Dambatta, informed that the money has been paid.
He added that 18, 000 young entrepreneurs were trained in management and business skills for Small and Medium Enterprises (SMEs).
Dambatta further stated that 3, 900 of the trainees, including 1, 200 women, were given non-repayable take-off grants ranging from N1 million to a maximum of N10 million for businesses of their choice.
According to him:
“The third edition of the programme, which is still running with 1,500 beneficiaries has received the sum of N11.2 billion in funding.
“So far, grants totaling N7.4 billion have been disbursed to the awardees.”
Winners of the third edition of the programme, earlier this month, stormed the ministry of finance headquarters in Abuja to protest the delay in the payment of their grants.