Lagos state government promises productive economy

Luqmon Balogun, Lagos

The Lagos State government south-west Nigeria, has restated its commitment to create an enabling environment for a productive economy.

Commissioner for Wealth Creation and Employment, Mr. Babatunde Durosinmi-Etti gave the assurance at a public presentation in Lagos.

Durosinmi-Etti who emphasised equal opportunity of employment for the residents of the state said the newly-created ministry by Governor Akinwunmi Ambode was to address unemployment and expand wealth creation in the state.

According to him “The ministry was created by his Excellency to address the teeming unemployment in the country”.

He explained that the gesture was part of the fulfilment of Governor Ambode’s campaign promises to reducing unemployment and empowering the young entrepreneurs.

Human capacity building
The Commissioner also stressed that measures were in place to ensure that residents of Lagos feel the impact of the ministry in terms of human capacity building.

“The ministry has strategic road map. And our plan is to have five employment centres in the five divisions of the state. These labour exchange centres will be a nexus between the employer and employee and hopefully within the next thirty days we should have our website up and running,” he said.

He assured that the ministry would give priority to vocational skills in order to make it more attractive as “there are deficient skills gap which must be filled for any meaningful success to be recorded in terms of empowering the people.”

Employment Trust fund
The Commissioner said that government has made a commitment of N25 billion into the Employment Trust fund to cater for employment and wealth creation projects in the state.

“The Trust Fund bill was signed recently and the governor has inaugurated a board which would be more private-sector driven. Most of the entrepreneurs will have access to the fund as long as they meet the necessary requirement, and there will be an equal opportunity for everyone, especially budding entrepreneurs with new ideas,” he added

He said that “It’s not the loan that moves an entrepreneur but enabling environment and government has promised to provide that.”

He also mentioned that the administration was aware of the attitude of diversion of forms available for job opportunities across party level, stressing that only those suitable for the fund would have access to it this time.

Youth involvement
The Commissioner however laments the quest for white-collar jobs, among the youths which he said, was not certain considering the current global economy.

He therefore enjoined the youths to be more creative and generate ideas that can push the development of the economy.

“I just want to assure the youth in the state, and all those entrepreneurs and those that are not employed that this is one way the government can rekindle the trust of the youths and they must start thinking of how they can come up and show ways in terms of being credible to prepare themselves for accessing such funds.”

He charged the residents of the state to support the government in its drive to provide employment for all.