The World Bank said that Nigeria had so far accessed less than $50 million out of the $300 million earmarked by the Bank for youth empowerment and other social works in the country.
The World Bank's Nigeria Lead Social Protection Specialist, Foluso Okunmadewa, said this on Monday in Abuja at the Youth Employment and Social Support Operation (YESSO) Midterm Review Policy Level meeting.
Mr. Okunmadewa said that the bank had in 2013 earmarked the fund to support federal and state government efforts to improve the lives of the poor and vulnerable in the society.
He said of recent, the YESSO programme which had four components, had been doing badly, mentioning the Social Register component, which had the ambitious aim to compile the list of the most vulnerable people and households in Nigeria, as example.
According to him, it is sad to note that only eight states has thus far keyed into the programme.
"The support operation is in its fourth year of implementation and currently active in 13 states of the federation, including the North-east and coordinated at the federal level, also with the NDE.
"The operation is expected to close in mid-2020 and the performance today is not impressive. Less than $50 million, which is about 13 per cent of the assistance has been disbursed.
"The single register component of the operation, which is quite innovative and has been adopted by the Federal Government for its Cash Transfer programme, is however, recording very slow process.
"Only a small fraction of the poor has been identified and registered even in participating states.
"Also, the intervention component of the operation, which targets grants transfer for internally displaced people and vulnerable in the North-east, is performing very poorly," he said.
Mr. Okunmadewa said that to encourage more states to participate in the YESSO programme, the World Bank had cut the ration of the required counterpart funding between states and the federal government from 50/50 to 90/10.
This, according to him, means that for every one naira the Nigerian government, whether state or federal government invests into youth empowerment, the World Bank will provide nine naira for it.
Also, the National Coordinator of YESSO, David Adejo, urged the states to take advantage of the reduction in counterpart funding by the World Bank to invest in avenues that would lead to youth employments in their respective states.
"Some states had a public workfare, but when the YESSO started, they pulled back and were no longer funding these projects, thinking that the World Bank would do it alone.
"And World Bank understanding the economic crunch, reduced the funding ratio from 50/50 to 70/30 and its now 90/10. Let me appeal to state governments take this opportunity and invest in the lives of the people," he said.
He commended Bauchi, Niger, Ekiti, Kogi, Osun and Oyo states for making resources available for public workfare.
Also, the Secretary to the State Government of Kogi, Isiaka Gold, said that low resource mobilisation was responsible for the low patronage of the programme by state governments.
He said that it was understandable when many states were struggling to pay staff salaries, and expressed optimism, however, that more states would come into the programme as the economy improved.
The YESSO programme is one of the World Bank assisted programmes out to reduce poverty by creating immediate employment opportunities through public workfare, skill for job for the teeming youth and conditional cash transfers.