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NDE seeks endowment fund to tackle unemployment




The Acting Director General of the National Directorate for Employment (NDE), Kunle Obayan, has canvassed the need to urgently establish a National Employment Endowment Fund to tackle unemployment in the country.

He explained that the Fund could be funded through levies, tariff on import, among other taxes, adding that such fund could be tapped into to empower the youths.

The DG who disclosed this during a media interaction in Abuja, said that the NDE is working with the National Assembly to create the endowment fund so as to increase job creation for the teaming unemployed youths.

The NDE boss said with the increased support to the Directorate by the Buhari-led administration, the Directorate intends to continue with training and settlement of trainees.

He added: “There were parallel efforts by past governments to generate employment which has taken funds from the NDE. However, we are assured that with the renewed commitment of government to the Directorate we intend to create more employment opportunities”.

He maintained that NDE is the apex organization crated solely with the mandate of generating employment, skills acquisition and enterprise creation. He also disclosed that the present administration has put in place programmes to tackle youth unemployment and also provided funds to help poorest of the poor.

Lamenting the increasing population of job seekers in the country and the need to urgently tackle the menace, Obayan explained that the NDE is working with the Federal Government to set a roadmap for employment generation.

Adding that the Directorate is working with the office of the Vice President to empower as many youths as possible to create enterprise to enable them aspire to become employers of labour.

He said initially with little fund available to NDE they could only train and retrain graduate without resettling them, assuring

that with the social Investment plan of the government, greater emphasis has now been placed on not only training but youth empowerment.

He explained further that NDE has different free skills acquisition programmes for youths, vulnerable, retirees, women, handicapped, school drop out, among others.

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