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Business News

NECA seeks unemployed Nigerians’ data to effect FG’s stipend payment  

NECA has expressed its concerns over calls for a sustainable unemployment fund for the payment of living stipends to unemployed Nigerians.

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NECA urges FG to expand tax net, Unemployment to hit 33.5% in 2020, NECA warns, NECA seeks data of unemployed Nigerians to effect FG’s stipends payment  

Barely days after the Senate asked the Federal Government to initiate a sustainable unemployment fund for the payment of living stipends to unemployed Nigerians until such persons secure employment, the Nigeria Employers’ Consultative Association (NECA) has expressed its concerns.

While the Director-General of NECA, Timothy Olawale said that the resolutions seemed possible and workable because it would help unemployed youths by giving them disposable income, he also noted that it is pertinent that the government addresses some fundamental issues before the implementation of the policy.

Olawale called for the accurate data of the number of Nigerians qualified to benefit from such social security gesture. He said that since this plan has the potential of changing the general hopeless state that has taken over the youths, it is important to guard it so that it will benefit the actual unemployed people without any form of dubious transaction.

[READ MORE: Unemployment to hit 33.5% in 2020, NECA warns]

Speaking further, The NECA DG hoped that this time, the intervention would be impactive because so far, all the social intervention programmes had been cosmetics and short-term in nature without potential to solve the real issues of unemployment.

Olawale’s words: “It is important to know the number of Nigerians that are actually unemployed to forestall the programme becoming another scheme bedevilled with patronage.

 “Also of importance is the funding and administration of the project. The project was not captured in the already passed 2020 Appropriation Bill, thus it is worrisome where the funds to bankroll it will come from. It is hoped that government will not further burden the already overtaxed private businesses.

[READ MORE: Unemployment to hit 33.5% in 2020, NECA warns]

 “Government at all levels must take a more than cursory look at the private sector. More deliberate effort should be put in place to support the organised private sector to grow and create employment by ensuring a favourable operating environment.

 “Businesses are currently overburdened with different forms of taxes and levies, inadequate infrastructures and unfriendly regulatory environment. Herein lies the solution to the teething unemployment scourge of our nation,” he told Punch.

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

1 Comment

1 Comment

  1. Mr. Bassey Easier Ekpe

    October 10, 2020 at 12:42 pm

    Good day chidima I am writing in responds to the approve fund that NACA wants to dispute how can the unemployed enroll in. thanks

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