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 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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National Gas Flare Commercialization Program (NGFCP) to create 300,000 jobs annually
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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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When it comes to hiring the best people for your business, one of the things that you should do is offer top-of-the-line benefits. This will help you stand out amongst the competition, so that people will be more inclined to accept a job with you over some of your competitors. If you intend on doing this, then you must know what some of the most sought-after benefits are. These are going to be discussed in more detail below.
Need Help Organizing Your Benefits?
If you run a business and need a hand organizing your benefits, then you will be happy to know that putting them all together has never been more straightforward. Company benefits can all be compiled in an easy-to-understand way using an organization, such as Zenefits. This will make it so that you and your employees can both understand what is available.
Health Insurance
One of the top benefits that a lot of employees look for these days is health insurance. When you as a business are offering top-of-the-line private health insurance, you will spark the interest of many different potential employees who are looking for a job. This is also an expensive benefit to provide, but if by offering it you will be getting top talent who are going to be making money for your business, then it is certainly an investment worth making.
Flexible Working
When flexible working was initially brought into force, there were a lot of employers and employees alike who weren’t too keen on the idea. Now, following its implementation, most people want to have a flexible working benefit available, because it allows them to have more control over their schedule and fit work around personal matters, such as going to the dentist and the doctors. As such, most employees will now expect there to be some element of flexible working in whatever business they work for. If you don’t offer this, then you should consider taking the steps necessary to implement it.
Free Food and Drink
One of the favorites that people like is access to free food and drink. This doesn’t mean you have to fork out for a three-course meal every single day, but it more refers to giving your employees access to free fruit in the office. Not only that, but access to coffee and tea would also be very much appreciated. It’s not a big ask, but it’s enough to let those who work for you know that you value what they do.
Conclusion
When it comes to getting the best employees on board, you need to stand out from the crowd and one of the best ways to do this is to offer employee benefits. There are several different benefits out there and some of the most popular are outlined above. They can cost a fair bit, but if you want to get the best talent on board, this is one of the most effective ways you can do it.
Flutterwave, Africa’s leading payments technology company, hired 200 trainees, thereby expanding its employee base by 38%.
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In its recently completed recruitment process for its inaugural graduate trainee program, Flutterwave, Africa’s leading payments technology company, hired 200 trainees, thereby expanding its employee base by 38%.
In July, the fintech company announced vacancies for its graduate trainee program. Interested young graduates across Nigeria had the opportunity to apply for different positions in the company. The registration process lasted for 15 days with the company receiving 11,000 applications.
However, only 200 successful applicants were selected. In a note published on the company’s website, the program was introduced to support young Nigerian graduates by sharpening and honing their technical skills, soft skills, working them through the company’s problems and encouraging them to proffer solutions to them.
The program is the first project launched under the reappointed Chief of People and Culture Officer (CPO), Mansi Babyloni.
Mansi Babyloni worked as the Global Head of People Strategy and Special Projects, Flutterwave in 2020 before she left for an opportunity at Price Waterhouse Coopers in London, UK.
She rejoined Flutterwave as the CPO and will be focusing on investing in people, culture and devising ways to drive growth for the organization.
Speaking about the new training program, CPO said, “I’m thrilled to be back at Flutterwave as the Chief People Officer. This role offers me the opportunity to invest in the talent, develop our people and make us the best employer out there – things I am deeply passionate about. My work starts with the Flutterwave Graduate Trainee Program which has been a passion project of the People and Culture Team for a long time and we are delighted that it is now a reality.
“The program aims to teach our graduate trainees highly transferable skills via an on the job training methodology, skills that will set them up for success for the entirety of their careers. Flutterwave is what it is because of the talent, passion and innovation of a driven squad. We believe supporting the next generation of young talent to realize their potential is the most important way that we can give back to the community.
“This program is critically important to supporting our strategic growth needs, as we continue to expand across markets and geographies. As a global company, we’re looking forward to how this program can grow across other countries.”
Also, commenting on the program was Olugbenga GB Agboola, Founder and CEO of Flutterwave. He said, “The graduate trainee program is a key part of our continued efforts to support young talent and help them kick start their career. Over the years, we’ve been thinking about developing a program that serves as a pipeline for talent from the University to the workforce.
“We’re happy that Mansi and the entire People and Culture team at Flutterwave have made this a reality. Because of this project, 200 people will have an opportunity to break into their careers and get started on the path towards achieving their dreams. We’re elated that Mansi is back and pushing impactful projects in her first month with us.”
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