THE World Bank has supported Nigeria’s Global Distance Learning Institute (GDLI) with $20 million.
Speaking at the inauguration of the institute in Abuja yesterday, the Co-ordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, said the former President of the World Bank in 2005 had a dream to connect the world through knowledge-sharing.
While the former World Bank President was still looking for countries to connect, she said she quickly submitted Nigeria as one of the countries because the institute would be supported by World Bank with $20 million.
According to the minister, about 75 companies went through the selection process and at the end, AfriHub emerged as the best.
She said the mandate of the institute was to train Nigerian youths and provide them with jobs, which prompted the government to partner the private sector.
Mrs. Okonjo-Iweala stressed that about 1.8 million youths entered the labour market every year and government had provided jobs for 1.6 million, while about 200,000 youths were yet to be employed and an additional 5.3 million unemployed youths had accumulated over the years.
The Finance Minister said programmes, such as YOUWIN had created over 27,000 jobs since it was launched and over 90,000 youths had applied for the Graduate Internship Programme.