Keyamo: Nigeria managing its affairs very well unlike other collapsing nations | Dailytrust

Keyamo: Nigeria managing its affairs very well unlike other collapsing nations

Minister of State for Labour and Employment, Festus Keyamo, SAN
Minister of State for Labour and Employment, Festus Keyamo, SAN

The Minister of State, Federal Ministry of Labour and Employment, Mr Festus Keyamo, on Sunday, said Nigeria’s economic situation is not worse when compared to elites nations in the world that suffered the COVID -19 pandemic.

Keyamo said this at the inaugural meeting of the National Directorate of Employment Board held in Benin City.

“Countries that are more viable economically have not been able to wriggle themselves out of the economic crises occasioned by the COVID-19 pandemic and, in trying to survive, they have further plugged themselves into huge debts but in the case of Nigeria, its government has been able to weather the storm without borrowing much.

“Many nations are collapsing all over the world leading to social unrest here and there but Nigeria is still managing its affairs very well”.

According to the minister, the rate of unemployment has moved from 26 per cent to 33 per cent, saying ‘the only solution to cushion the effects of unemployment is for the Nigerian populace to learn a skill’.

Keyamo stated, “After the COVID pandemic, unemployment has risen to about 33 per cent, it was about 26 per cent before then. So, all agencies of governments are geared toward skilling up and empowering the population to ensure that they are self-employed. It is the only way out of the unemployment crisis in Nigeria.

“There is no way we can create spaces within public institutions to employ Nigerians and clean up the unemployment market.”

He, however, charged the NDE to think of ways to deliver better services to Nigerians, as the President Muhammadu Buhari-led All Progressives Congress government is desirous of lifting 100 million Nigerians out of poverty.

Earlier, the DG, NDE, Mallam Abubakar Nuhu Fikpo, appealed for an increase in budgetary allocation to the body in order to meet up with its demands.

He said allocation increase is very critical as NDE has been receiving almost the same budgetary allocations and insufficient release of funds since 2004 despite the geometric increase in the rate of unemployed persons with its attendant socio-economic implications.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
Media Trust Ltd

Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Whatsapp: +234 806 990 3410