Italian village is offering people £40k to live in it in an attempt to reboot the economy BUT Nigerians are not invited

The aging Italian village of Santo Stefano di Sessanio is offering to pay potential residents up to £40,000 to move there in an attempt to reboot the economy. 

The picturesque, hilltop town is located in the mountains of the Abruzzo region and currently has just 115 residents, 13 of whom are under the age of 20, while 41 are over 65.

The town council said it was 'essential' to do something to ensure 'a sustainable and lasting development' of the area, which lies within the beautiful Gran Sasso e Monti della Laga national park. 

The offer includes a monthly wage of up to £7,200 for the first three years, working out at £21,000 in total. 

The money would be paid to new residents of the medieval stone village in monthly installments. 

New residents would be provided with a property to live in that they would have to pay a yet-to-be determined sum of rent on, although it would only be a 'symbolic' amount. 

Those looking to start a business there to help the local town will be further supplemented by the local council with a one-off grant of £18,000. 

However the offer is only available to those who are a resident of Italy, or have the legal ability to become one, or EU citizens. Sorry guys! Lol.

Applicants must also be aged between 18 and 40 and remain living in the village for a minimum of five years.