Tag: unemployment

  • Unemployment figure shows crisis of governance

    Issa Aremu, General Secretary National Union of Garments and Textile Workers of Nigeria (NUGTWN) and Vice President of Industrial Global Union  (IGU), have said the latest unemployment figure indicated crisis of governance.

    Aremu said the latest figure by the National Bureau of Statistics (NBS) which said 7.53 million, out of Nigeria’s labor fource of 85.08 million are unemployed, once again confirmed the crisis of governance and underdevelopment in Nigeria.

    He said: “If we had the army of underemployed, the crisis of unemployment has assumed tragic proportions in form of various mass crimes as restless youths swell the ranks of kidnappers and insurgents.  All tiers of government must rise to promote development through re-industrialisation, uninterrupted electricity supply and war against smuggling, which have made the products of local industries uncompetitive”.

    He said there was an urgent need for a bipartisan employment drive in the country.

    “Sustainable jobs can only come from industry and massive public infrastructural development such as railways, roads construction, reinvention of public schools and hospitals. Mass unemployment means value-subtraction for Nigeria at a time when there is much work to be done and the nation is begging for growth and development,’’ he said.

  • Tackling unemployment through  ride-hailing technology

    Tackling unemployment through ride-hailing technology

    Adapting to local conditions, transport apps are enabling Nigerian users to cut through gridlocks while creating jobs on a driver-partner scheme, reports Lucas Ajanaku

    ONE year ago, Nigeria’s Emmanuel Akpan became a driver for Taxify, a ride-sharing app that connects drivers with customers who want a ride. He says he has seen his monthly salary nearly double. The 44-year-old driver makes about 16 trips per day.

    “The experience has been good, especially compared with other taxis. There’s more money, and the clientele has more trust in you,” he says.

    Taxify is aggressively expanding its African footprint. In addition to its presence in Lagos and Abuja, it is  in over six African cities and over 30 cities accross Europe, the Middle East and central America.

    A particularly inspiring story of the Taxify revolution in the country is that of Ayo Johnson.

    Johnson was a banker with one of Nigeria’s biggest banks and was laid off in the heat of the recession in 2016. With a family of four to feed and no other source of income, he turned to Taxify. In his first week he made N 95,000, a figure he wasn’t even making in the new generation bank where he worked.

    “I am now able to provide for my family, keep my kids in good schools and because of the flexibility of the platform, still make it home everyday to spend time with them,” he says.

    There are so many like him who for one reason or another have chosen to either supplement their income with Taxify or make Taxify their primary source of income.

    Driver partners on the Taxify platform talked about the ease of driving, the flexible hours that makes it an option for not just the unemployed but also the underemployed.

    One of the driver partners, Kehinde Adegbite, said: “I was on another ride-hailing platform before now, we were badly treated and we were down. So, the coming on board of Taxify has been awesome.”

    He added: “It came at a time when we were down. It has empowered us. Working with Taxify is the best for any driver partner now. The commission is just unbeatable.

    “Taxify takes only 15 per cent commission in contrast to competitions 25 per cent and also constantly provide drivers with bonuses to further supplement their earnings.”

    A female driver partner, Victoria Igein, says, “I’ve been working with Taxify for a year now; it has been the only e-sharing driver’s platform I have worked with since I lost my job in Abuja as a banker and came back to Lagos. It took me a while to get my current job, which I shuffle with being a Taxify driver, but I have been able to manage both thus far.

    “The platform has met 8/10 of my expectations as it favours drivers because they give more percentages and bonuses for working long hours, weekends and holidays. So I make as much as I need on Taxify and I haven’t ever bothered thinking of moving on to other platforms.”

    For Chuks Izedinuor, he drove on Taxify for a week, then decided to drive professionally after losing his job.

    “I can’t say so much about it for now but it has been extremely productive to work with the platform and I’d definitely recommend it to other people,” Izedinuor says.

    Findings from a three-month research conducted by indigenous communications and public relations company, Plexus Media Interlinks Limited, shows that about 2,000 people who are out of school and seeking employment have taken to Taxify as a viable platform to be self-employed.

    The study shows that a further one in 10 unemployed graduates are considering getting on the app to earn a living, or may have commenced the process to be signed on the platform as driver partners.”

    All Taxify drivers must follow certain procedures before driving on the platform. After signing up to drive online at partners.taxify.eu and submitting all relevant authentic documents, they are trained and pass through an onboarding process before driving on the platform. Drivers are then evaluated by passengers after each trip to ensure that quality is maintained.

    With this ecosystem, Taxify has managed to create something many governments struggle with – a dignified, efficient, flexible and effective vehicle to create jobs.

  • ‘PDP created more poverty,  unemployment in Ekiti’

    ‘PDP created more poverty, unemployment in Ekiti’

    An All Progressives Congress (APC) governorship aspirant in Ekiti State, Mr. Kola Alabi, has said the high rate of unemployment in the state is “unfortunate and unacceptable”.

    He promised to create jobs for the teeming youths with investment in Information and Communication Technology (ICT), solid minerals and agriculture, if elected APC candidate in its primary and governor in this year’s election.

    The APC chieftain said his Nine-Point Agenda was carefully put together to get Ekiti out of the woods and improve the people’s standard of living.

    He identified the components of the agenda as Education, Health, Job Creation, Small and Medium Enterprise (SME) Development, Land Reforms, Agriculture, Infrastructure and Transparency in Governance.

    According to him, the Peoples Democratic Party (PDP) administration created more poverty and threw many people into the labour market through its “harsh and anti-people policies”.

    Alabi spoke on Sunday evening at his home in Ikere-Ekiti while hosting his supporters from the 16 local government areas at a New Year get-together.

    The ICT entrepreneur said he would create a structure for job bureaux in every local government area to link job seekers with job opportunities.

    He promised to leverage ICT as an enabler for jobs and incentives for investors to develop a Technology City in Ekiti State.

    Alabi also pledged to offer tax incentives/refunds to organisations that create at least 100 new jobs every year.

    The APC chieftrain pledged to launch a Small Business Loan Guarantee Scheme in partnership with commercial lenders to improve access to finance for SMEs.

    He expressed confidence in winning the APC ticket at the April primary and the July 14 governorship election to provide quality leadership.

     

  • Govt to fight unemployment with certificated skill acquisition

    The Minister of Labour and Employment, Dr Chris Ngige, says  Federal Government will use certificated skill acquisition to fight unemployment and idleness among Nigerian youths.

    Ngige said this at the palace of Igwe Chukwuemeka Ilouno, Traditional Ruler of Ifitedunu Community of Anambra State.

    Ngige was in the palace to receive documents for 3,000 square metres land for building a Specialised Skill Acquisition  project in the community.

    He said the edifice to be built by the Federal Government would have hostels and offer skill courses with certification in levels one, two and three.He said the project would be a replica of the London City and Guild Academy.The minister noted that the project would be established in each state under the same model.

    Ngige said the first phase of the project, which included skill laboratories, auditorium, water and security facilities, would be delivered in three months.

    He also said the second phase of the programme would commence immediately, since the project had been captured in this year’s  appropriation bill.

    “The Federal Government is looking inward by encouraging specialisation on jobs such as carpentry, bricklaying, tiling, fashion designing, make-up and bead making and interior decoration among others.

    “This is to help redeem our youths from joblessness, occasioned by lack of white collar jobs.

    “There are no white collar jobs any longer. If you are waiting for one, you will wait for a long time.

    “People are now finding employment in the blue collar jobs, and it is even more profitable.

    “How many of you are aware that the daily pays for carpenters and other artisans have increased?

    “In Abuja they collect as high as N10, 000 per day’s job. If they get these per day jobs even if it is only five times in a month, do you know how much that is?

    “How many white collar jobs pay that much in a month,’’ Ngige asked.

    He also urged religious and traditional leaders as well as parents to strengthen the moral capacity of the young ones.

    According to him, such steps will ensure that the youths are not idle and bereft of positive ideas.

    The Deputy Governor of Anambra, Dr Nkem Okeke, expressed delight at the Federal Government’s decision to use the community as a pilot site for such a laudable programme.

    Okeke assured the minister that the state was prepared to assist in any other way to ensure that the project was completed as planned.

    “Anambra S         tate government will give its maximum co-operation to this project in order for the residents of the state to reap its benefits,’’ he said.

  • Fed Govt’s plan to fight unemployment, by Ngige

    Fed Govt’s plan to fight unemployment, by Ngige

    Minister of Labour and Employment Dr Chris Ngige has said the Federal Government will use certificated skill acquisition to fight unemployment and idleness among Nigerian youths.

    Ngige spoke yesterday at the palace of Igwe Chukwuemeka Ilouno, Traditional Ruler of Ifitedunu Community of Anambra.

    Ngige was in the palace to receive documents for 3,000 quare metres land for building a Specialised Skill Acquisition in the community.

    He said the edifice for the scheme to be built by the Federal Government would have hostels and would offer skill courses with certification in levels one, two and three.

    He said the project was a replica of the London City and Guild Academy.

    The minister noted that the project would be established in each state under the same model.

    Ngige said the first phase of the project, which included skill laboratories, auditorium, water and security facilities, would be delivered in three months.

    He also said the second phase of the programme would commence immediately, since the project had been captured in 2018 appropriation bill.

    Ngige said: “The Federal Government is looking inward by encouraging specialisation on jobs such as carpentry, bricklaying, tiling, fashion designing, make-up and bead making and interior decoration among others.

    “This is to help redeem our youths from joblessness, occasioned by lack of white collar jobs. There are no white collar jobs any longer. If you are waiting for one, you will wait for a long time.

    “People are now finding employment in the blue collar jobs, and it is even more profitable. How many of you are aware that the daily pays for carpenters and other artisans have increased?

    “In Abuja they collect as high as N10, 000 per day’s job. If they get these per day jobs even if it is only five times in a month, do you know how much that is? How many white collar jobs pay that much in a month.’’

    He also urged religious and traditional leaders as well as parents to strengthen the moral capacity of the young ones.

    According to him, such steps will ensure that the youths are not idle and bereft of positive idea.

    Anambra State Deputy Governor Dr Nkem Okeke expressed delight at the Federal Government decision to use the community as a pilot site for such a laudable programme.

    Okeke assured the minister that the state was prepared to assist in any other way to ensure that the project was completed as planned.

    “Anambra State government will give its maximum co-operation to this project in order for the residents of the state to reap its benefits,’’ he said.

    Ilouno thanked the delegation for siting the project meant to uplift the socio-economic status of the youth and women of the state in his community.

    The monarch promised to galvanise the community to support the contractor selected to handle the project.

    “As we donated the land without rancour and asking for compensation, we will also co-operate with the contractor on site to facilitate the speedy completion of the structure without rancour,’’ he said.

    The consultant to the project, Mr Mike Nwafor, also promised to ensure that the contractor delivered quality work within scheduled period.

  • Unemployment: Bank advocates sustained support to MSMEs

    The Development Bank of Nigeria (DBN) has called for a sustained support and improved access to finance for Micro, Small and Medium Enterprises (MSMEs) as a means of managing the growing employment crisis in the country.

    DBN Chairman Dr Shehu Yahaya made this call when Queen Maxima of Netherlands and United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development visited the bank in Abuja.

    Dr Yahaya, who implored the Queen to use her office to push urgently for increased access to finance for MSMEs in order to enhance financial inclusion, also said support to MSMEs will address the global domestic population explosion.

    His words: “I will start by providing context to the situation that will confront the world over the next 20 to 50 years if strategic and sustained support is not afforded MSMEs as a critical segment of any economy.

    “The current world population of 7.3 billion is expected to reach 8.5 billion by 2030, 9.7 billion in 2050 and 11.2 billion in 2100. To manage this growth, 600 million jobs are needed over the next 15 years to absorb a growing global workforce.”

    The DBN boss said the employment need in Nigeria will be 30 – 40 million jobs by 2030 (mostly to be provided by MSMEs) and currently, 50 per cent of Nigeria’s Gross Domestic Product (GDP) is attributed to SMEs and this is expected to grow to 70 per cent in 2050. There are over 37 million MSMEs in the country. However, less than five per cent of these businesses have access to credit in the financial system.

    The DBN Chairman noted that MSMEs are collectively the largest employers in many low-income countries including Nigeria, yet their viability is being threatened by lack of access to risk management tools such as savings, insurance and credit.

    Their growth, he added, is often stifled by restricted access to credit, equity and payments services.

    Yahaya, however, noted that to some degree, the global pursuit of financial inclusion as a vehicle for economic development has had a positive impact in Nigeria, as the exclusion rate reduced from 53 per cent in 2008 to 46.3 per cent in 2010.

    He informed the Dutch Queen that DBN has begun lending operations with the provision of over N5 billion to three national microfinance banks for onward lending to 20,000 MSMEs across every sector of the economy.

    Yahaya told the Queen that DBN believes that access to appropriate levels of financial services in the MSME segment can boost job creation, raise income, reduce vulnerability and increase investment in human capital.

    He appealed to the UN Secretary General’s Special Advocate to emphasise to relevant authorities the importance of strong corporate governance and no political interference in the operations of DBN as key success factors.

    Repling, Queen Maxima said she was at DBN to understand what the bank was doing and use her office to support and help in the success of financial inclusion as well as show best practices required to achievesuch policy.

  • Unemployment: The missing link

    SIR: As at last quarter of 2016, the Nigerian unemployment rate was 14.2%, which means in every 100 Nigerians at least 14 of them are unemployed, which means they are capable and willing to get a job, but they cannot get one. Policy makers and commentators usually rely on this misleading indicator, which is why most of unemployment policies do not work. The reported unemployment rate is discriminating, misleading, and conservative, because, it left out large number of other people who do not have job.

    There are people who are willing to get job, but they are not capable of getting one, there are others who are not capable and not willing to get job due to some conditions, and there are others who have a job that is equivalent to none. These set of people could be a liability to the economy and detrimental to the overall welfare of the economy, but many times they are excluded in designing and implementing policies or programmes in addressing unemployment. They need intervention too, and if they are not considered, the resultant negativity from their conditions will outweigh the resultant benefits of the interventions on the narrowed targeted unemployed. That is why unemployment has continued to be an issue for every administration. Accounting for these three missing set of people, real unemployment rate in Nigeria can reach up to 60%.

    In addressing unemployment, we have to look into the root cause of it. Increasing unproductive and inefficient population can make all employment policies ineffective. What economy wants is additional capable and quality population. Adding low quality population will add more burden to the economy. It is important to revisit how we manage our abundant and ever increasing population strategically; otherwise Law of diminishing return will apply or is applicable in Nigeria. To put it into perspective, it is like a manufacturing company employing and paying for labourers that can barely produce one product in a month. The company will soon become bankrupt.

    In addition to the growing unproductive population, most people wait and expect from government to fix their problems or provide solutions to their unemployment. Failure of people to take responsibility for their situations makes it impossible for government to fix everybody. Therefore, policies must be in place to enforce learning and self-responsibility. People must create vision and commit to becoming self-reliant, and this can only be possible if people are willing to learn and acquire knowledge and skills. This does not mean acquiring certificates, but relevant information and capacity to make them productive or employable.

    Emphasis on certificates when it comes to recruitment in public and private sectors is what led to the chronic and rising unemployment in Nigeria. The competition should be on skills and ability, not just on a paper. People do not carry papers along; they carry their brains and hands. So, invest and appreciate brains and hands, not papers. Leaders and employers should be rewarding skills not just qualification, we should be asking what can we do, not what qualification we have. How much we receive as income should be based on what we can do, not the degrees we have.

    The young generation should focus on value addition and improving their personal capacity and skills, not chasing for wealth at all cost. If we do that, we will improve the quality of our lives, create jobs and the wealth will come naturally. We will have to go out of our comfort zone, get rid of egoism, take menial jobs, learn little skills, and be willing to acquire relevant education and skills.

    Finally, empowerment programmes should not be limited to only those with certificates or ability to write convincing language, but to those that have genuine ideas and skills even if they cannot access internet or write an application. Poor infrastructure, especially lack of stable electricity supply will continue to hinder any employment policy. Small skilled labour should be professionalized, so that when people engage in such small skill labour work, it will be counted as part of their professional work experience, and the wages for small skill labour should be standardised and regulated. Most importantly, every individual must commit to work on his/her personal development and improving his/her capacities and capabilities, without this, no policy or intervention will make difference in the lives of the people.

     

    • Dr. Ahmed Adamu,

    Umaru Musa Yar’adua University Katsina.

  • Unemployment: Unilorin VC charges graduates to be creative

    Vice Chancellor of the University of Ilorin, Prof Sulyman Abdulkareem, yesterday charged new graduates of the institution to be creative and ingenious to survive in the over saturated unemployment market in Nigeria.

    Prof Abdulkareem said this in Ilorin, the Kwara state capital, during the 33rd convocation ceremonies of the institution.

    A total number of 9,018 students of the institution graduated.

    He said there were now a few offers for multitude of fresh graduates, adding that, “the world is indeed different now”.

    “Gone were the days when employers waited at the convocation arena with assorted plum and well-paid job offers from which fresh graduates made their choices. We now live in a reality characterized by the survival of the fittest, and the fittest are those with special edge of unique and uncommon skills and knowledge. The candid truth now is that just graduating from university is no longer enough to get a job. You need to have the uncommon commonsense. Competition for jobs is now very high. It is only the few that can exert more efforts that get the few offers and who begin the new life with hope, less challenges and frustration “, he said.

    Professor Abdulkareem, who titled his speech ‘Life has just begun’, told the new graduates that they were about to start a life of another form of struggle.

    “As you are stepping out of this hall, probably thinking erroneously that the struggle has ended, I must caution that the majority of you, especially those of you that have humble background, will begin a life of another form of struggle. Unfortunately, you might be on your own in the struggle.

    “One sure way of winning the struggle is to be purposeful and ingenious. My advice is that you give it your all; dare to be all you can be. You need to persevere because perseverance is the common trait most successful people have in common and that is what has made them to succeed where others have failed,” he said.

    Prof Abdulkareem also said that incessant strikes, student unrest and allied factors have earned most Nigerian tertiary institutions a notorious fame of ignominy and repudiation.

    The vice chancellor, who said the uninterrupted learning environment of the university was a product of collective will and selfless service to humanity, promised to lead by example as pacesetter.

    He also said that the record had enhanced the status of the university among other tertiary institutions in the country.

     

  • Tackling the unemployment scourge

    More than 25 per cent of Nigerian youths are unemployed. This is believed to be responsible for the various vices plaguing the country. From political instability to civil unrest, rising crime wave, and reduced wages for the employed, among others, Nigeria appears sitting on a keg of gun powder. But a private sector-led push to rein in the monster and unleash the youths’ potential to contribute to economic growth has taken the centre stage. At a “CEOs Summit on Youth Employment in Nigeria”, experts proffered far-reaching, practical solutions to the problem. CHIKODI OKEREOCHA reports.

    They came from diverse professional backgrounds, but they were united in their resolve to stamp out youth unemployment in Nigeria. To the experts, which included Chief Executive Officers (CEOs) of multinational firms and Small and Medium Enterprises (SMEs); personnel and recruitment consultants; civil society organisations in the employment space, donor and development partners, Nigeria’s current 25 per cent youth unemployment rate was unacceptable.

    According to them, the rising spate of unemployment, particularly among the youths, partly being caused by the huge skills gap in the labour market, was responsible for the various vices plaguing the country. They include political instability, civil unrest, rising crime wave (kidnapping, robbery, cultism, prostitution, advanced fee fraud, otherwise called ‘419’) and reduced wages for the employed, among others.

    The experts, who also expressed fears that the situation was capable of stalling the achievement of Nigeria’s Gross Domestic Product (GDP) growth target of 2.4 per cent by 2018, were determined to nip it in the bud.

    At a day CEOs Summit on Youth Employment in Nigeria, with the theme: “The Challenge of Skills-Mismatch & the Roles of CEOS in Tackling Youth Unemployment’’, the experts discussed the challenge of youth unemployment extensively and proffered practical solutions.

    The Summit, which recently held in Lagos, was organised by Centre for Values in Leadership (CVL). It’s Founder/CEO Prof Pat. Utomi, explained that it was aimed at addressing the problem of skills mismatch on youth employment by bringing together high-profile CEOs and youth representatives to discuss the challenge and come out with solutions.

    He also said it was aimed at assisting participants from diverse sectors in the private sector to deliberate, understand and appreciate the dynamics, implications and future impact of youth unemployment on their businesses and growth and development of the economy.

    Chartered Institute of Personnel Management (CIPM) President, Mr. Udom Inoyo, set the ball rolling when he said to address the skills mismatch in the labour market and halt the unemployment scourge, the nation’s educational institutions must keep up with technological advancements.

    In his paper titled: “The Challenge of Skills Mismatch in Nigeria Labour Market: Implications of Youth Unemployment for Sustainable Economic and Industrial Growth,” Inoyo, who was represented by CIPM’s Registrar/CEO, Ajibola Ponle, observed that: “We are not keeping up with technological advancements. Our institutions are still teaching the same subjects.”

    Inoyo’s observation necessitated calls by participants for a re-jig of the curricula of the nation’s tertiary institutions. The Summit noted that tertiary education curricula in most cases were antiquated and behind technological developments and therefore, not properly aligned to the needs of the modern labour market particularly private sector enterprises.

    Even before the summit, Director General, Nigeria Employers Consultative Association (NECA), Mr. Segun Oshinowo, had argued that time has come to completely overhaul the programmes and courses being run by Nigerian universities if the country must tackle the unemployment menace head on. This, according to him, will bring the universities up to speed with current realities in the labour market and the economy generally.

    Oshinowo observed that courses being offered in Nigerian universities were designed over a century ago by the colonial masters to advance their own economic gains and set up trading businesses under royal charters within their territories.

    The NECA DG, who spoke at recent forum in Lagos, also advocated for a change of mindset by youths from white collar jobs to vocational and skill-oriented jobs relevant to Nigeria of today.

    He reminded youths that though they require academic certificates, such certificates are not meal tickets, but a preparation for how they would behave, interact, and reason well in the nearest future.

    Oshinowo enjoined youths to stop waiting for automatic white collar jobs, but to think outside the box for new options to exit the unemployment market.

    But experts at the CVL observed that absence of entrepreneurship studies at secondary and tertiary levels of the education system had blinded youths to potential opportunities available in self-employment in the economy.

    They, therefore, recommended that all secondary and tertiary institutions be compelled to establish Career Development Units to provide guidance and counselling to youths.

    The talk shop also harped on the need to shift emphasis to theoretical teachings to practical transfer of skills in order to prepare youths for the workplace environment.

    It urged youths to embrace self-employment through entrepreneurship opportunities available in agriculture and services sectors.

    The experts also canvassed the need to increase support to vocational schools and also implement the United Nations Educational Scientific and Cultural Organisation (UNESCO) recommendation that Nigeria dedicates 26 per cent of her national budget to education.

    According to them, implementing UNESCO’s recommended 26 per cent budgetary allocation to education sector will cater for the nation’s rising educational demands, and support entrepreneurial development.

    To Co-Founder/CEO, West Africa Vocational Education (WAVE), Ms. Misan Rewane, CEOs must change the paradigm from the emphasis on credentials and certificates to competence. According to her, there are many youths who, despite not having university degrees, are competent in their various vocations.

    She also called for collaboration amongst Small and Medium Enterprises (SMEs) in the area of training. Besides, CEOs, she said, must be clear on what they want from prospective employees rather than insisting on degree certificates and 5-10 years experience from job applicants.

    Researcher & Training Consultant, Prof. Franca Ovadje, said CEOs must scale up their Corporate Social Responsibility (CSR) in education and health in order to drive economic growth. She said youth unemployment was not all about skills, but values.

    Ovadje, who was one of the lead presenters, also called on the CEOs to help influence the educational curriculum from primary to tertiary level. According to her, it will help them get the right skills set and values from the youths.

    A representative of Ford Foundation, Mr. Dabesaki Mac Ikemenjima, warned that Nigeria’s bulging youth population, which leaves 25 per cent unemployed, could spell doom for the country, if nothing was done. He, however, said addressing the challenge requires input by international and local partners.

    Ikemenjima said Ford Foundation was working with a number of partners and stakeholders to solve the unemployment problem. While pointing out that there are two sides to Nigeria’s unemployment problem, the demand and supply side, he regretted that the two sides are not talking to each other.

    This, he said, was why the Summit mandated the CVL to organise a fresh Summit that would provide a platform for interface between businesses and the academia, adding that a partnership with National University Commission (NUC) should be explored in this regard.

    The experts also unanimously submitted that government should institute a ‘Ranking System’ to rate Nigerian tertiary institutions in terms of quality of teaching staff and associated resources. They noted that this will engender competition and self-improvement similar to the practice in the United States.

    They, however, described the industrial training scheme of the Industrial Training Fund (ITF) as novel and should be sustained and improved. The experts, however, advised government to improve its financial administration in order to ensure release of funds as at when due to ITF, noting that this will enable it meet its obligations to students on industrial attachment.

    Participants at the summit also advised the CEOs to form closer alliance and establish advocacy group to contribute to policy articulation, with the Nigerian Employers Consultative Association (NECA) providing immediate platform to implement the recommendation.

    The CEOs and other employers of labour were also advised to design human capital development programmes for current and future employees as part of their strategic growth plan and drop the thinking that trained staff have the tendency to quit employment after training.

    NACCIMA, LCCI wade in

    As part of efforts to rein in the unemployment monster, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) said it has concluded arrangements to inaugurate its Youth Forum.

    NACCIMA President, Iyalode Alaba Lawson, who made this known at the inaugural meeting of the Youth Forum in Lagos, said through the Youth Forum, NACCIMA will advocate for necessary reforms that will revolutionise the socio-economic environment and encourage the Chamber’s job creation efforts.

    The Youth Forum, she said, will focus on training and developing young entrepreneurs to meet the demand in identified gaps in the existing value chains, while equipping and supporting them to overcome the challenges faced by entrepreneurs such as access to finance, lack of business knowledge, and lack of market access, among others.

    While noting that youths’ critical role in supporting entrepreneurship and development cannot be ignored, the NACCIMA president emphasised that the initiative was in line with the Chamber’s mission to ensure an enabling business environment through policy advocacy.

    She also said NACCIMA aimed at promoting the growth and competitiveness of businesses through proper and prompt information dissemination, using modern technology comparable to the best universal standard of Chambers of Commerce and Industry anywhere in the world.

    The Lagos Chamber of Commerce and Industry (LCCI) is no less worried by the rising unemployment situation in the country, which it said was one of the highest in the world. Its Director-General, Mr. Muda Yusuf, advocated, among others, increased support for SMEs and business start-ups through capacity building and funding.

    He listed some of the challenges holding SMEs down to include lack of finance, inadequate infrastructural facilities, shortage of skilled manpower, poor entrepreneurial skills and lack of enabling operating environment, among others

    While pointing out that there was need to address the challenges in order to unleash SMEs’ potentials, Yusuf noted that all over the world, SMEs are key to real sector growth. He said SMEs boasts huge potentials for employment generation and wealth creation, if adequately encouraged.

    Yusuf said by helping to create more jobs, SMEs reduce unemployment and its associated high crime rate in the country. He also stressed the need for the establishment of small-scale enterprises as a way of developing and providing a training ground for indigenous entrepreneurs.

    This, he said, would help reduce rural urban migration, particularly when they are cited in the rural areas. He argued that rural-urban migration is caused by lack of job opportunities in the rural areas.

    Although, the Federal and state governments have initiated various programmes on job creation, which are yet to cage the unemployment monster, the belief is that current push by the private sector would do the tricks if experts’ far-reaching recommendations are implemented.

  • How to tackle youth unemployment, by experts

    How to tackle youth unemployment, by experts

    More than 25 per cent of Nigerian youths are unemployed, and a huge skill gap exists in the labour market. Therefore, there is the urgent need to re-jig tertiary institutions’ curricula to reflect current needs of the private sector.

    Also, there is the need to shift emphasis on theoretical teachings to practical transfer of skills to prepare youths for the workplace environment. Youths, on their part, should embrace self-employment through entrepreneurship opportunities available in agriculture and services sectors.

    These are part of the recommendations in a communiqué issued at the end of one-day Chief Executive Officers’ Summit on Youth Employment in Nigeria with the theme: “The Challenge of Skills-Mismatch & the Roles of CEOS in Tackling Youth Unemployment”.

    The Summit, which held last week in Lagos, was organised by Centre for Values in Leadership (CVL). Its aim was to address the problem of skills mismatch on youth employment by bringing together high-profile CEOs and youth representatives to discuss the challenge and proffer practical solutions.

    It was also aimed at assisting participants from diverse sectors in the private sector to deliberate, understand and appreciate the dynamics, implications and future impact of youth unemployment on their businesses and growth, and development of the economy.

    Recommending a re-jig of the curricula of tertiary institutions, the Summit observed that tertiary education curricula are antiquated in most cases, behind technological developments and therefore, not properly aligned to the needs of the modern labour market, particularly the private sectors.

    It also observed that the absence of entrepreneurship studies at secondary and tertiary levels of education system has blinded youths to potential opportunities available in self-employment in the economy. It, therefore, recommended that all secondary and tertiary institutions be compelled to establish Career Development Units to provide guidance and counseling to youths.

    The Summit also recommended that government should institute a ‘Ranking System’ to rate tertiary institutions in terms of quality of teaching staff and associated resources in order to engender competition and self-improvement similar to the practice in the United States (US).

    While describing the industrial training scheme of the Industrial Training Fund (ITF) as novel and should be sustained and improved, the communiqué, however, advised the government to improve its financial administration in order to ensure release of funds as at when due to ITF. This, according to them, will enable it meet its obligations to students on industrial attachment.

    The CEOs were also advised to form closer alliance and establish advocacy group to contribute to policy articulation, with the Nigerian Employers Consultative Association (NECA) providing immediate platform to implement the recommendation.

    They were also urged to design human capital development programmes for current and future employees as part of strategic growth plan and drop the mindset that trained staff have the tendency to quit employment after training.

    The Summit mandated CVL to organise a fresh summit to provide a platform for interface between businesses and the academia, adding that a partnership with the National University Commission (NUC) should be explored in this regard.

    Attendance at the Summit included chief executives representing multinational firms and Small and Medium Enterprises; personnel and recruitment consultants; civil society organisations in the employment space, donor and development partners.