World
Algeria President announces $100 monthly pay for unemployed youth
Algeria’s president, Abdelmadjid Tebboune has announced unemployment benefits for young adults as the country struggles with a jobless rate of almost 15 %.
He made the announcement on Tuesday, stating that the payments to jobseekers aged between 19 and 40 would begin in March 2022 and it is aimed at preserving “ the dignity of young people”.
Algeria relies on revenue from oil and gas to run its economy and is reported to have over 600,000 unemployed Algerian youths.
Those who are eligible will be able to collect the payments of about $100 (£73) a month(N41,500), as well as some medical benefits until they find work.
In addition, taxes on consumer products for beneficiaries will be suspended. Tebboune noted that Algeria was the first country outside Europe to introduce such a benefit.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
Tinubu has scored 70% in security – Defence minister
Cooking gas price continues to rise – NBS
