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President Buhari Inaugurates Data Banks For Job Seekers

FG to create a data bank known as Labour Market Information System (LMIS) to guide those who have been employed and those wishing to secure employment.

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President Buhari - Investors King

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.

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Bill to Jail Employers For Late Payment of Salary Reach Second Reading at the House of Rep

The House of Representatives has passed for second reading a bill that will penalised salary defaulters. 

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Femi Gbajabiamila

The House of Representatives has passed for second reading a bill that will penalised salary defaulters. 

The bill will prohibit late payment of salaries, underpayment of wages, pension and other emoluments in Nigeria.

The bill was sponsored by the speaker of the House of Representatives, Rt. Hon Femi Gbajabiamila. It scaled through to the second reading on Tuesday without a debate.  

If passed into law and signed by the president, employers who delay salary, wages and pension risk one-year imprisonment. 

Section 2 of the bill stated that “Every employer of labour in Nigeria, whether private or public, and whether it is employing any worker on permanent or contract basis must ensure that all payment of wages, salaries, pension and all benefits to workers are paid promptly without delay weekly, fortnightly monthly, quarterly or yearly as may be agreed by parties in the contract of employment of the additional individuals”. 

Furthermore, the bill seeks to prohibit arbitrary and harsh deduction as punishment in the event of damages and negligence by an employee. 

Section 3(1) of the bill says “an employer is prohibited from entering into any contract with any workman for any deduction from the sum contracted to be paid by the employer to the workman, or any payment to the employer by the workman for in respect of bad negligent work or injury to the material or property of the employer or in respect of any fine.”

Meanwhile, different opinions have trailed the bill. While some commentators commended it, others opined that the bill was dead on arrival. 

A social commentator with the name, Alabi Adejobi said,” The Federal Government and the State Governments are the worst salary defaulters. Unfortunately, they are also the biggest employer of labour in the country. So the law would not work because it is against the biggest defaulters.”

However, another commentator with the name Omolade Grace welcomed the bill. “Better, I hope they can enforce it.” She noted. 

Investors King understands that the bill will need to be passed by both the House of Representatives and the Senate before it is transmitted to the President. It will only become law if the present assent to the bill.

 

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Nigeria to Generate 850,000 Jobs From Energy Transition

President Muhammadu Buhari disclosed that Nigeria would generate 850,000 jobs from energy transition by 2060

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President Muhammadu Buhari - Investors King

At the ongoing 77th UN General Assembly meeting, President Muhammadu Buhari disclosed that Nigeria would generate 850,000 jobs from energy transition by 2060.

At a closed-door meeting with the UN Secretary-General, Antonio Guterres, as part of the country’s sideline activities at the event, the Nigerian president stated that the country will benefit significantly from energy transition. 

The president was quoted to have said “(The Energy Transition Plan 2060) will guide Nigeria’s rapid transition to renewable energy and result in significant job creation with up to 340,000 jobs created by 2030 and up to 840,000 jobs created by 2060 driven mainly by power, cooking and transport sectors.”

In August 2022, the Nigeria Government launched Energy Transition Plan 2060 (ETP, 2060) to as a guide to achieve zero emissions by 2060. ETP 2060 was also designed to help settle the problem of energy crises and lift millions of Nigerians out of poverty.

According to the Energy Transition Plan, Nigeria is expected to spend $1.9 trillion between now and 2060 to meet its goal. 

The president also stressed the need for international players in renewable energy to assist Nigeria on this lofty height. President Buhari’s call for assistance is coming barely after two weeks when the Vice President, Yemi Osinbajo made a similar appeal to the World Bank President, David Malpass. 

Investors King had earlier reported that Vice President Yemi Osinbajo met with the World Bank President. The Vice President appealed to key players and development partners to help Africa and Nigeria, in particular, to achieve its zero emission plan. 

While President Buhari applauded Egyptian President Abdel Fattah El-Sisi for his tireless efforts in the preparations for the COP27 coming up in November, this year, he further disclosed that Nigeria will generate 250 gigawatts from renewable energy. 

 

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Gas Flare Commercialization Program to Create 300,000 Jobs Annually

National Gas Flare Commercialization Program (NGFCP) to create 300,000 jobs annually

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Oil

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority(NMDPRA), Mr. Farouk Ahmed, has said the National Gas Flare Commercialization Program (NGFCP) aimed at monetizing huge volumes of natural gas being flared during oil production will create 300,000 jobs annually.

The NGCFP when activated, will also produce about 600 tonnes of Liquefied Petroleum Gas (LPG), provide clean energy for 6 million households, and 2 gigawatts (2000MW) of electricity annually.

Farouk made this known in Lagos at the 2022 annual conference of the Nigeria Association of Energy Correspondents (NAEC), with the theme: Energy Transition: “Shaping the Future of Nigeria’s Energy Industry, an Appraisal of PIA, Evolving Benefits and Challenges.”

Farouk said,The Nigerian gas flare commercialization program harnesses gas flare for sustainable and value wealth creation. This can unlock and generate approximately 2.5GW of power, 600 tonnes of LPG annually, and create 300,000 direct and indirect jobs while eliminating carbon emissions and providing clean energy for 6 million households.”

Dr. Zainab Gobir, who was represented by the Executive Director, Economic Regulations and Strategic Planning, NMDPRA, said other initiatives and plans are in place to facilitate the shift to a gas-based economy including the declaration of the ‘Decade of Gas’, to foster economic growth and industrialization driven by gas.

According to Farouk, other initiatives including the National Gas Expansion Programme (NGEP) for the penetration and utilization of LPG, Compressed Natural Gas (CNG), and Domestic Liquefied Natural Gas (DLNG), will improve energy access, increase household consumption, and create an alternative energy source.

It can be recalled that on August 16, Investors King reported that the Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated a 12-member ‘Gas Flare Commercialization Program Team’ to manage the nation’s gas flaring.

Engineer Gbenga Komolafe, the Chief Executive of NUPRC said, to monetize gas resources is to take a favorable step toward protecting energy security, particularly in this period of the global energy transition.

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