The Senate on Wednesday, December 11; resolved to urge the Federal Government to provide living stipends to unemployed.
The red chamber also asked the governments at all levels to declare a state of emergency on unemployment.
Senate also urged the FG to initiate a sustainable unemployment fund; for the payment of living stipends to unemployed Nigerians; until such persons secure any kind of employment.
These resolutions emanated from motions moved by the immediate past deputy Senate President; Ike Ekweremadu (PDP, Enugu west) during plenary.
He also lamented the large numbers of graduates that high institutions turn out yearly; who cannot be absorbed by the labour market; describing it as “a time bomb waiting to explode.”
Ekweremadu cited a report published by the National Bureau of Statistics in 2019; that Nigeria’s unemployment rate stood at 23.1 per cent of the workforce in the third quarter of 2019.
He also informed of a statement credited to the Minister of Labour and Productivity; Sen. Chris Ngige that Nigeria’s unemployment rate will hit 33.5 per cent by 2020.
“I am worried that any nation with such number of the unemployed; but employable youth population; is only sitting on a keg of gunpowder.
“The most pressing demand on the hand of every legislator and public officer; is the rising number of Curriculum Vitae and application for employments from constituents and Nigerians.
“A situation where every graduate has to queue up for job only in government offices; is an indication of the breakdown of the private sector; which is the major driver of world economies”, the Enugu Senator said.
He expressed worries that energies and potential talents are lying idle and wasting away; are usually misdirected toward many unprofitable; and harmful ventures as well as lifestyles.
As part of its motions; the Ministry of National Planning was called upon; to put up mechanisms and also programmes; that would provide employment for our teeming unemployed graduates/youth at all tier of government.
The Federal, State, and Local Governments were urged to revitalise existing industries; build new ones; and provide the conducive as well as enabling environment for the private sector to build more industries.