LASG seeks private collaboration to address youth unemployment

In order to lower youth unemployment in the state, Babajide Sanwo-Olu, the governor of Lagos State, has stated that his administration is open to private partnerships and investment funding opportunities.

Sanwo-Olu said the state government committed billions of naira to address youth unemployment, but the amount was insufficient when he met a delegation from Prince’s Trust International on Wednesday at the State House, Marina.

The governor requested assistance from nonprofits and non-governmental organizations in the area of skill development in a statement issued under the signature of his chief press secretary, Gboyega Akosile.

We need to double the number of beneficiaries of the Lagos State Employment Trust Fund in order to meet the high demand and high unemployment rates.

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Every year, we receive many applications from people who want to use the money to launch new businesses and carry out a variety of other activities. Our large youth population means that skill development is necessary.

“We can actually give these capable young people the room and double the resources they need to grow. We must be able to equip this population with the necessary skills so they can prosper in the contemporary economic climate.

He was quoted as saying, “This is where nonprofit organizations and other non-governmental organizations in the job ecosystem can provide support and interventions.”

The charity’s Chief Executive Officer, Mr. Will Straw, spoke on behalf of the delegation and revealed that the organization had collaborated with the LSETF for the previous 20 months and was prepared to strengthen its partnership with the body.

The organization, according to Straw, aspired to “support thousands of young Nigerians and others across Africa.”