Business

ITF laments looming unemployment saga

Published

9 years ago

September 3, 2015

In from Ali Smart
The Director General, Industrial Training Fund (ITF) Juliet Chukkas Oneako has raised the alarm that the few industries available can hardly accommodate the growing level of skilled manpower in the system.
The ITF boss, who expressed this fear on Thursday in Abuja, said though the Fund has since embarked on vigorous training on different skills it was disheartening to note that those trained may not be able to get steady employment at the end.
Oneako, who received the Executive Secretary, Nigerian Investment Promotion Commission NIPC, Mrs. Uju Aisha Hassan Baba, who was on a courtesy visit, said: “With the huge labour market in the country, there is need to export skills because very soon the industries will not be enough even to employ the youths, even if the government wants to support financially how much can the government make available, so there is need to look outward by exporting these skills.”

She also stressed the need for prospective investors to meet their obligation to the Fund.
“I also want to use this opportunity to appeal to investors, that under the ITF Act, every business in Nigeria is under mandate to contribute one percent to ITF programme in the country. It is a must under the labour law. This is one of the areas we would need NIPC to help by speaking to investors on this issue, it is very important that they are know.”

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