Fidelity bank banner UBA banner
Lagos Govt. pledges transparent disbursement of N25B Empowerment Trust Fund

By News Express on 13/01/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,884


The Lagos State Government has given assurance that the N25B Empowerment Trust Fund would be accessible by every qualified Lagosian who has convincing business ideas and innovations irrespective of status, locations, beliefs or political affiliations.

Speaking in an interview session with newsmen, the State Commissioner for Wealth Creation and Employment, Hon. Babatunde Durosinmi-Etti, explained that the decision to inject the fund is to grant soft loans to young entrepreneurs within the next four years with the interest rate of about one per cent administrative charges which is considered among the lowest in the country and the whole of West Africa.

He further stated that the government would assist in making other job areas attractive through provision of good environment for business activities rather than allowing the populace concentrate on the few available job areas like the multinationals, oil companies, banking sectors and the civil service.

The commissioner expressed confidence that the rate of unemployment across the state would have been reduced drastically before the expiration of the four year term of the Employment Trust Fund.

He affirmed that the board comprises individuals from private sector with proven integrity and experience to handle the assignment and just two government officials.

Durosinmi-Etti traced the history of the high rate of unemployment to non inclusion of skills acquisition programme into the school curriculums which according to him forms part of cognitive value that had gone into extinction.

“When examining the issues of unemployment, it is pertinent to study it from the indices perspective. There is disaggregated unemployment, underemployment and structural unemployment. This implies that there are graduates seeking for employment where their expertise is not needed but are bent on having such jobs because of the monetary turnovers,” the commissioner explained.

He emphasised that with the determination of the present administration to address the skill gap deficiency in the state through investment in skills acquisition centres to meet up with present day’s needs and demands, the influx of foreign artisans into the country would become history.

Durosinmi-Etti described the situation where the jobs that could be undertaken by Nigerian artisans are given to artisans from neighbouring countries as worrisome, stressing that the trend could be reversed if the home-based artisans are equipped with qualitative skills that would be more attractive to the private sector.

He, however pleaded with Lagosians to give the change mantra in the state a chance, trust the present administration and be progressive partners towards the attainment of a Lagos that will be the cynosure of all eyes in eradication of unemployment.

•Photo shows Hon. Durosinmi-Etti.

Source News Express

Posted 13/01/2016 05:43:46 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Osinbajo tackles past govts over spending of $982.8bn...

National Assembly postpones passage of 2016 budget

Dickson cries out as INEC, security agencies bungle...

Senate versus IGP: Stop this unnecessary show of...

Otti will transform Abia as Governor —Obiano; hails...

Embattled Supreme Court Justice slammed with 15-count charge...

150 women executed after refusing to marry militants...

Electoral Violence: Wike floors Police in Abuja court...

'World War 3 looms' •Intersociety says Syrian conflict...

Bishop urges support for President Buhari's war against...

Igbinedion: Judgment in line with the law, says...

Akpabio commiserates with NUJ over journalists’ death

 

Latest News BREAKING: Soji Cole wins 2018 Nigeria Prize for Literature •Netherlands-based Peter Ngene carts away Science Prize 30 million youths to endorse Atiku for President — Youth Mobiliser Police raise alarm over cloned certificates, ATM cards in circulation Anambra Govt. bans church services in schools Save Lagos Group spits fire over alleged moves to impeach Ambode •Threatens to picket Lagos House of Assembly Fayemi dissolves Ekiti boards, parastatals Gov. Udom alleges plans by APC to cause violence in Akwa Ibom EFCC quizzes Abia Finance Commissioner, 4 ministry officials over alleged fraud Nnamdi Kanu is like Ojukwu, By Fredrick Nwabufo Okowa swears-in new commissioners, others •Charges political appointees 3,280 retirees approved to receive benefits in Q1 — PenCom Facebook hires ex-British Deputy Prime Minister

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,619 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,891 views) Shameless Genevieve Nnaji exposes breasts in public (315,234 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (257,954 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,793 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,583 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,364 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,822 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,575 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,048 views) Lagos plane crash: Journalist releases victims’ names (161,698 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,462 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (68) Business & Economy (3,695) Business Verdict (52) Columnists (948) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (660) Global Business Monitor (304) International (2,547) Interview (165) Live Commentary (28) Love Matters (145) News (39,744) Opinion (1,125) Pidgin (13) Politics (7,300) Religion (881) Sports (1,733) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement