The Coalition Alliance against COVID-19(CACOVID) has concluded arrangements to rebuild all the 44 police stations across the country destroyed by hoodlums during the recent #EndSARS peaceful protest.
The private sector-led initiative also earmarked N100bn to equip the Force for better performance in handling the country’s internal security challenges.
Co-chairman of CACOVID and Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, made this known in a statement in which he said the coalition would modernize the Nigeria Police over a two-year period.
According to the coalition, an analysis of the factors that triggered the protest showed that unemployment was the major cause of the unrest
“Our preliminary analysis indicates that unemployment particularly amongst the youth was a critical factor behind the unrest. As a result, CACOVID has committed to create a high impact youth development program that will provide technical and vocational education to over 4 million Nigerian youths over the next 5 years.
“Students will be trained on craftwork, plumbing, masonry, carpentry, and other artisanal related skills for which sufficient demand exist in Nigeria. Over N150bn is expected to be deployed towards the set up and implementation of the youth development program, which will be available at select training centers across the country,” Emefiele stated.
Emefiele also assured that banks and financial institutions would be required to extend relief through concessionary loans to affected businesses and firms, so they can rebuild and restock their stores and continue to conduct their business activities.