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Home Business News Business

Lagos flags off 2020 internship programme, promises to pay N40,000 monthly to graduates  

Omokolade Ajayi by Omokolade Ajayi
December 30, 2020
in Business, Spotlight
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Governor Babajide Sanwo-Olu

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Lagos State Government has flagged off the 2020 Lagos State Graduate Internship Placement Programme (LASGIPP).

According to the press release issued by the Lagos State Government, recounting key moments at the flag-off ceremony for the Internship Placement Programme (LASGIPP), on Tuesday at Radio Lagos/Eko FM Marquee, Governor Sanwo-Olu challenged graduates under the Graduate Internship Programme to prove their mettle at their various places of internship.

READ: Lagos multi-billion naira 32MT per hour rice mill to be completed by Q1 2021

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He assured them of a monthly stipend of N40,000 from the State Government, throughout the period of the internship. He called on the beneficiaries to aim for a higher goal of being financially independent, pursue the bigger picture of being Chief Executive Officers of their individual companies later in future, and not be contented with the stipend.

READ: Lagos warn against unlawful ownership transfer of state housing units

The Governor, who was represented at the event by the Commissioner for Wealth Creation and Employment, Mrs. Yetunde Arobieke, urged the beneficiaries to make the best use of the opportunity, and gather enough experience that would serve as a buffer to securing paid employment or as independent entrepreneurs.

READ: Lagos to reform bus segment, to phase out one-bus ownership

Arobieke advised the interns to make the State Government proud in their respective organisations by being assets and not liabilities to their employers.

What they are saying

In his remark, the Chairman, Lagos State House of Assembly Committee on Wealth Creation, Mr. Jude Idimogu, expressed the belief that the engagement of the graduates as interns despite the myriad of challenges of Y2020 shows the genuine commitment of Governor Sanwo-Olu to gainfully engage the youths.

READ: Rivers State seizes oil production site owned by Shell over oil spills

The Governor of Lagos State in his words said:

  • “The Graduate Internship Placement Programme we are flagging off today is one of the State government’s capacity building programmes developed to change the narrative about our graduates being unemployable and lacking the requisite work environment ethics and culture. It is a unique variant among the numerous programmes designed to reduce the increasing unemployment rate in the country and also accelerate the State’s post-COVID economic recovery.”

READ: 7 out of 10 bank loans given to Lagosians

The Commissioner for Youth and Social Development, Mr. Segun Dawodu, also assured that applicants under the GIPP, who are yet to be captured, would be included in the subsequent editions of the Programme. In his words he said:

  • “Year 2021 would witness more of Youth friendly policies and increased engagements with the young generation and some stakeholders in the society, in addition to the promotion of grassroots sporting activities.”

READ: Lagos launches 14 ferries to tackle gridlock, says Okada ban irreversible 

Bottom line

The State Government revealed that the Graduate Internship Placement Programme will help to find a sustainable solution to the issue of unemployment in the state and the persistent increase in the Country.

However, the most relevant statistics from the National Bureau of Statistics reveals that Nigeria’s unemployment rate as at the second quarter of 2020 was 27.1%; this shows that about 21.7 million Nigerians remain unemployed, while 13.9 million Nigerian youths are unemployed.

READ: Lagos earmarks 300 distressed buildings for demolition

It is important to note that the Graduate Internship Placement Programme set up by Lagos State is impressive, but the fact that only 4,000 beneficiaries will benefit from the program shows that the program is not yet inclusive enough, as many graduates with no means of livelihood remain uncaptured under this programme.


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Tags: Lagos StateLagos State Government (LASG)LASGIPPNigeria News
Omokolade Ajayi

Omokolade Ajayi

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor.

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Comments 1

  1. Ubong says:
    December 31, 2020 at 3:54 pm

    Please how can a prospect apply to benefit from the internship program?

    Reply

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