COVID-19 Recovery and Resilience Program
As COVID-19 advances, its effects become ever-more pronounced. The public health crisis is aggravated by the social and economic aftermath: job losses, school closures, increased poverty. The Mastercard Foundation COVID-19 Recovery and Resilience Program will assist institutions and communities in Africa and within Indigenous communities in Canada to withstand and respond to the short-term impacts of this pandemic, while strengthening their resilience in the long-run.
Young Africa Works
Building on a vibrant, entrepreneurial culture to create economic opportunities for young people in Nigeria.
The Goal: Eight to 10 million young people in Nigeria will have access to dignified work.
Context: Nigeria is a young, diverse, and dynamic country that abounds with potential. Roughly half of 190 million people living in Nigeria are between the ages of 15 and 24, and seventy percent of the population is under 30 years old. However youth unemployment poses a significant threat to Nigeria’s economic prospects. While the national unemployment rate is 18 percent, the youth unemployment rate is nearly double that, at more than 33 percent. Three out of 10 Africans who enter the labour market annually are Nigerians.
Our Approach: Deliver interventions and partnerships that tap into Nigeria’s entrepreneurship culture, sizeable private sector, and widespread use of technology to connect over 2 million young people to opportunity over the next 5 years. We will begin in three states where 20 percent of young people live: Lagos, Kano, and Kaduna.
Priority Sectors: Agriculture, creative industries, and the digital economy.