The Senate has asked the Federal Government to initiate a sustainable unemployment fund to pay stipends to unemployed Nigerians until such persons get jobs. Adopting a motion by Senator Ike Ekweremadu on the escalating rate of unemployment in the country, the Senate urged the government to declare a state of emergency on the situation which they described as a time bomb waiting to explode.
Ekeremadu had noted: “The most pressing demand on the hand of every legislator and public officer is the rising number of curriculum vitae and application for employment from constituent Nigerians.
“A situation where every school graduate has to queue up for job only in government offices is an indication of the breakdown of private sector which is the major driver of world economies.”