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Everest Amaefule, Abuja
The Federal Government, in collaboration with the African Development Bank, inaugurated Tuesday in Abuja a working group to fight against the threat of youth unemployment.
The committee, which will be chaired by Minister Chris Ngige, Minister of Labor and Employment, was inaugurated by Professor Stephen Ocheni
. According to Ocheni, the working group is responsible for convening a private sector roundtable in exchange platform for the identification and funding of eight projects for accelerated youth employment and skills development.
The team's work should also fit in with the aspirations of the current Economic Recovery and Growth Plan of the current administration and increase the rate of achievement of relevant sustainable development goals in the country.
Ocheni said: "The Federal Government, in the continuing efforts to respond to inactivity This situation has reversed the trend and has entered into a partnership with the AfDB to engage a wide range of stakeholders in a roundtable on youth employment and skills development in Nigeria
"The program provides for private sector participation with the widely recognized potential for job creation by this sector. In addition, the need for all actors to solve the problem of unemployment is the profound impact of the consequences on our socio-economic well-being, which affects all sectors of the economy. "
Mr. Ebrima Faal, Senior Director of the AfDB Office in Nigeria, stated that it was imperative that Nigeria address the problem of unemployment, adding that it would have a positive impact on the Remainder of Africa
Nearly half of the nearly 200 million Nigerians are between the ages of 15 and 30. It is estimated that this population will grow eightfold over the next three decades.
"The Population dynamics distinguishes Nigeria as one of the top five leading countries in Africa's population growth rate of 3.5% per annum. The other four countries are the Democratic Republic of Congo, Ethiopia, Tanzania and Uganda.
"So there is real concern that the growing number of children and young people will be essentially equipped for the jobs of today and tomorrow, and will contribute productive to the economy. "
Faal added," Of Nigeria's 85.08 million labor force, 77.55 million are engaged in some kind of economic activity. 53 million people who do absolutely nothing
"Even with employment, the majority is in the informal sector, which continues to be undermined by poor working conditions. This is why it is important to disclose innovative solutions that will catalyze these demographic endowments for economic progress.
According to him, since 2016, the ADB has invested more than $ 400 million in public and private operations to create jobs.
The organizations represented in the working group include the Nigerian National Petroleum Corporation, the Nigerian Communications Commission, the Nigeria Governors & Forum, the Nigeria Labor Congress and the Nigerian Economic Summit Group
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