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FG, AfDB inaugurates working group on youth unemployment – Newspapers

Everest Amaefule, Abuja

The Federal Government, in collaboration with the African Development Bank, opened a working group in Abuja on Tuesday to address the threat of youth unemployment.

The committee, which will be chaired by the Minister of Labor and Employment, Dr. Chris Ngige, was opened by the Minister of State for Labor and Employment, Professor Stephen Ocheni.

According to Ocheni, the work team has the responsibility of convening a round table of the private sector as a platform exchange to identify and finance eight projects of accelerated youth employment and skills development.

The work of the key team in the aspirations of the Economic Recovery and Growth Plan of the current administration and increase the rate of achievement is also expected. of the relevant Sustainable Development Goals in the country.

Ocheni said, "The Federal Government, in continuous efforts to respond to the situation action and reverse the trend, has established a partnership with the AfDB to involve a broad spectrum of stakeholders in a round table on youth employment and development of skills in Nigeria

"The program is planned to have a rich participation of the private sector due to the widely recognized potential for job creation by this sector. In addition, the need for all hands to be covered to solve the problem of unemployment is the far-reaching implications of the consequences on our socio-economic well-being, which affects all sectors of the economy. "

Speaking at the event , Chief Director, National Office of Nigeria, AfDB, Mr. Ebrima Faal, said that it was imperative for Nigeria to address its unemployment challenge, adding that this would have a positive impact on the rest of Africa.

Faal stated: " Today, approximately half of the nearly 200 million people in Nigeria are between 15 and 30 years old. It is estimated that this population will increase eight times in the next three decades.

"Population dynamics distinguishes Nigeria as one of the top five countries that lead the African population growth rate of 3.5 percent per year.The other four countries are the Democratic Republic of the Congo, Ethiopia, Tanzania and Uganda.

"Therefore, there are genuine concerns to ensure that the growing number of children and young people, basically the endowment of human capital, is equipped for the jobs of today and tomorrow, and are contributing productively to the economy."

Faal added: "Of the 85.08 million of the Nigerian labor force, 77.55 million are engaged in some type of economic activity. This leaves out 7.53 million people who do absolutely nothing.

"Even with employment, the majority is in the informal sector, which continues to be plagued by poor working conditions, which is why it is important to disseminate innovative solutions that catalyze these demographic endowments for economic progress."

According to him, since 2016, the AfDB has invested more than $ 400 million in public and private sector operations aimed at creating jobs in the country.

The organizations represented in the working group include the National Petroleum Corporation of Nigeria, the Communications Commission of Nigeria, the Governors Forum of Nigeria, the Labor Congress of Nigeria and the Nigerian Summit Group.

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