President Muhammad Buhari through the Ministry of Labor and Employment has inaugurated a data bank known as Labour Market Information System (LMIS) to guide those who have been employed and those wishing to secure employment.
This information was disclosed in a statement made available to the media by the permanent secretary of the Ministry of Labor, Mrs. Kachollum Daju.
According to her the data bank will be a guide for both the employed and those seeking employment.
“Alongside the LMIS, we are also going to improve on job matching, known as the National Electronic Labour Exchange (NELEX),” Mrs. Daju said.
“It is where you match job seekers with the job. It has been going on but apparently many Nigerians are not aware of it.
“It is not just the Ministry of Labour and Employment or the Federal Government, it is multi-sectoral and different sectors will come together to ensure that this is achieved.”
She added that the Ministry of Labor has created approximately 16 job centers across the nation, with plans to create more job centers in the country to cater to all 774 local government areas.
According to the data from the National Bureau of Statistics, the unemployment rate of the country stood at 33.3% while the youth unemployment rate stood at 42.5%.
The high unemployment rate is one of the challenges confronting Nigeria, Africa’s largest economy. Since President Muhammadu Buhari became president in 2015, over 21 million Nigerians were said to be unemployed despite promising to create 100 million jobs over a period of 10 years. The administration will handover to a new president on May 5, 2023.
While the LMIS data bank is commendable, the database will not create jobs except the government does.