The Senate today considered a motion on the ‘escalating rate’ of unemployment in the country.
The motion was sponsored during plenary by the immediate past Deputy President of the Senate, Senator Ike Ekweremadu.
Citing a report published by the National Bureau of Statistics in 2019, Senator Ekweremadu stated that Nigeria’s unemployment rate stood at twenty-three point one percent of the workforce in the third quarter of the year.
He also raised an alarm that the nation’s unemployment rate would hit thirty-three point five percent by 2020.
In their resolution, the senators proffered solutions to the executive arm of the government for adoption and implementation.
One of these is for the Federal, State and Local Governments to declare emergency on the provision of employment across the country.
The senators also called on the Federal Ministry of National Planning to put the necessary mechanism and programs in place to achieve this.
They proposed the revitalization of existing industries and urged the executive arm to initiate sustainable employment fund for the payment of stipends to unemployed Nigerians until such persons secure employment.
In his contribution, Senator Istifanus Gyang described unemployment as a monster that could consume the nation if its people were not careful.
Senator Olubunmi Adetumbi, on his part, decried the inability of the private sector to address the escalating rate of unemployment in the country.