NDE show­cases gains of in­for­mal sec­tor, trains 30 ar­ti­sans

Daily Trust - - DIGEST - From Ke­hinde Akinyemi, Abeokuta

The Di­rec­tor Gen­eral (DG), Na­tional Direc­torate of Em­ploy­ment (NDE), Dr. Nasir Mo­hammed-Ladan has said the in­for­mal sec­tor of the econ­omy is key to eco­nomic de­vel­op­ment.

The DG made this dis­clo­sure at the open­ing cer­e­mony of the train­ing for 30 ar­ti­sans in Ba­sic Busi­ness Train­ing (BBT) in Abeokuta, Ogun State.

He said, “Most of de­vel­oped na­tions of the world did not achieve eco­nomic pros­per­ity be­cause of the large cor­po­ra­tions that ex­ist therein, but through the small busi­ness based in the in­for­mal sec­tor that pro­vide em­ploy­ment for the ma­jor­ity of their pop­u­lace.

“It is for this rea­son that the NDE en­cour­ages the es­tab­lish­ment of small busi­nesses which have the po­ten­tial to end up as big en­ti­ties de­pend­ing on the com­mit­ment busi­ness at own­ers.”

The Ba­sic Busi­ness Train­ing (BBT) scheme, it was stated, is tak­ing-off in 12 states, with two from each geopo­lit­i­cal zone. The 12 pi­lot states are to pro­duce 360 trainees as each state will pro­duce thirty par­tic­i­pants.

Mo­hammed-Ladan noted that the sec­tor had recorded sig­nif­i­cant con­tri­bu­tions, which has been among others, stim­u­lat­ing the mar­ket econ­omy, pro­mot­ing flex­i­ble labour mar­kets, stim­u­lat­ing pro­duc­tive ac­tiv­i­ties and ab­sorb­ing re­trenched labour from the for­mal sec­tor.

“There­fore, the role of the lo­cal bar­ber, shoe shiner, cob­bler, hair­dresser, fash­ion de­signer and sim­i­lar play­ers in the econ­omy can­not be dis­re­garded. Af­ter all, the small time bar­ber can be­come a con­glom­er­ate to­mor­row,” he noted. of the

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