Jobs: FG Targets 50% Population in Social Security Scheme 

November 21, 2016, 3:27 pm

The federal government on Monday said government social security scheme policy on job creation and employment will target 50 percent of the nation's population which will eventually have a ripple effect on the economy.

Minister of Labour and Employment, Sen. Chris Ngige said government decision to employ 200,000  graduates in the first phase of its social intervention scheme, despite teething economic challenges, is an eloquent expression of its dogged commitment to lift millions of Nigerians out of poverty and promised that more jobs were coming.

Ngige stated this at the on-going World Social Security Summit in Panama City, Panama.

He observed that at "least 50 percent of the country's population would be captured under the social security net within the life of the present administration.

"Social Intervention is one of the cardinal  progammes of the present administration in Nigeria. Our objective is to tackle youth unemployment and restiveness through job creation notwithstanding the tough economic challenges we face. "

"Some of the programmes in our  integrated  social protection scheme are already being implemented as evidenced in the 200,000 graduates who will commence work by next month."

Ngige said: "More of the jobs are in the offing. Our target is to ensure that millions of Nigerians are lifted out of poverty line while at least 50 percent of the  population are captured in the social security net."

Speaking under the theme, 'Evolving Role of Social Security in a Changing World' Ngige stated that current government  efforts geared to give more support to the operations of the National Health Insurance Scheme as well as that of the National Pension Commission (PENCOM) and assured that  the activities of the National Social Insurance Trust Fund( NSITF) were being enhanced to make it more responsive to achieving social security goals.

Ngige also sought the assistance of China in developing and deepening Nigeria's social protection programmes.

In a  bilateral discussion with the Chinese Minister of Human Resources and Social Security, Mr. Yin Weimin, the Labour and Employment Minister revealed that Nigeria would tap into the Chinese model of Social Security Academy in order to institutionalize social security practices in the country .

China won the best Social Security Nation for year 2016, having captured one hundred million persons yearly into her social security, totaling a billion in the last decade.

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