FG To Create 20million New Jobs From Four Sectors

FG To Create 20million New Jobs From Four Sectors

Speaking on Monday in Abuja at a meeting organised by the Industrial Training Fund (ITF) on job creation, the Minister of Industry, Trade and Investment, Okechukwu Enelamah said that re-election of the current government “has strengthened our resolve to stem rising unemployment by creating jobs through the provision of employable skills for our teeming youths.

Speaking on Monday in Abuja at a meeting organised by the Industrial Training Fund (ITF) on job creation, the Minister of Industry, Trade and Investment, Okechukwu Enelamah said that re-election of the current government “has strengthened our resolve to stem rising unemployment by creating jobs through the provision of employable skills for our teeming youths.
“In order to sustain and build on the successes recorded in this regard in the first tenure of Mr. President, we are articulating and strategizing with a renewed impetus towards combatting the twin evils of unemployment and insecurity.” He noted that “it is on this basis that the Ministry charged the Industrial Training Fund (ITF) to come up with revolutionary multi-faceted job wealth creation strategies that would lead to a lasting solution to this hydra-headed problem.”

“I am glad to inform this distinguished audience that the ITF has done justice to the task assigned to them. From the report I have received, the ITF has been able to propose pragmatic strategies that within the tenure of the next level, will generate about 20 million jobs from four key sectors of the Nigerian economy. “These key sectors are Agriculture, Construction, Transport and the Services sectors. The report, which is to be presented to us shortly by the ITF Director-General, forms the crux of this meeting. The meeting will be expected to examine all the aspects of the report with a view to dissecting all the recommendations therein and proffering additional strategies and action plan that will lead to jobs for all Nigerians,” he stated.
In his address, the Director-General of Industrial Training Fund (ITF), Sir Joseph Ari lamented that “today, all across the country are needless incidences of violence, criminality and social vices perpetrated by persons that ordinarily should be contributing significantly to the development of our dear Nation.
“This is even as others that should be earning sustainable livelihoods today are barely able to eke out a living. The number that is without jobs in our country is at once scary and staggering and should be a source of worry to an administration that is as committed to the welfare of Nigerians as the Administration of President Muhammadu Buhari (GCFR).
“According to the National Bureau for Statistics (NBS) report of the 4th Quarter of 2017 to the 3rd Quarter of 2018, the total number of Nigerians that were unemployed increased from 17.6 million in 4th Quarter of 2017 to 20.9 in 3rd Quarter of 2018”. Ari explained that “this is despite the fact that the number of people in employment increased from 68.4 million in the 3rd Quarter of 2015 to 68.72 million in the 3rd Quarter of 2016 to 69.09 million in the 3rd Quarter of and 69.53 million in the 3rd Quarter of 2018.

“What the report indicated is that, although government efforts to create jobs may be having an impact, the number of unemployed is still rising,” he noted. He stated further that “other authorities estimate that Nigerian tertiary institutions produce up to 500,000 graduates every year with only a fraction able to secure employment.”

“These are statistics that should bother any Nigerian noting that “from our experience, Government initiatives are only successful where the buy-in of the relevant stakeholders is secured. “It is more so for these initiatives that we are recommending, as they will rely on multi-agency and cross-sectoral collaboration for their success,” he added.

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