The Federal Minister of Industry Trade and Investment says that the Industrial Training Fund, has put in place pragmatic strategy that will generate about 20 million jobs from 4 key sectors of the Nigerian economy to help curb unemployment in the country.
He made this statement in Abuja at an interface with stakeholders on strategies for job creation.
The agriculture, construction, transport sectors are the target of the industrial training fund, to create jobs for unemployed youths in the country.
Annually the Nigerian tertiary institutions produce up to 500,000 graduates with only a fraction able to secure employment.
This has become a source of concern to the government, as relevant key players in the society met to meet minds on it’s improvement and areas that the group will assist the government either through funding or by technical assistance.
According to the National Bureau of Statistics 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 to 20.9 million.
This is despite the fact that in the 3rd quarter of 2015 to the 3rd quarter of 2018, the number of people in employment increased from 68.4 million to 69.53 million.
What this indicates is that, although government efforts to create jobs may be having an impact, the number of unemployment is still rising.
