The Industrial Training Fund is set to train no fewer than eighteen thousand Nigerians across the thirty six states of the Country including FCT on eleven areas of skills acquisition.
The training is targeted at improving Nigerians on developing their skills and reduce the rate of unemployment in the Country.
The industrial training fund was established to promote and encourage the acquisition of skills in commerce and industry with a view to generating a pool of indigenous trained manpower sufficient to meet the needs of the economy.
Nigeria is one Country saddled with a high rate of unemployment. A report by the National bureau of statistics states that the number of unemployed Nigerians rose from 3.3 million to 20.9million in the third quarter of 2018.
The federal government is trying hard to reverse this negative statistic through the Industrial training fund which is set to commence it’s 2019
skills intervention programme.
The Trainees will be empowered with start up kits. The 2019 intervention programme will cover seven Areas to give room for more participants.
It may be a drop in the ocean, but the Federal Government is depending on interventions like these to help reduce the rate of unemployment