In a significant move to bolster Nigeria's informal economy, President Bola Tinubu has approved N3.6 billion for the Industrial Training Fund's Skill Up Artisans Programme, aimed at empowering tailors across the nation. This initiative comes at a time when the unemployment rate in Nigeria remains a pressing concern, particularly among the youth, emphasizing the need for skill development and job creation.
The funding will provide training and resources to tailors, a vital segment of the informal sector that employs millions. By enhancing their skills, the government aims to increase productivity and competitiveness in the local garment industry. “This investment is a step towards empowering our artisans and ensuring they can contribute meaningfully to the economy,” stated Joseph Nnanna, Director-General of the Industrial Training Fund.
As Nigeria grapples with economic challenges, such initiatives are crucial for fostering self-reliance and reducing dependency on foreign imports. Looking ahead, the success of this programme could serve as a model for similar initiatives targeting various sectors, potentially transforming the landscape of vocational training and employment in the country.