Ex-President, Chartered Institute of Bankers of Nigeria (CIBN), Debo Famuyibo has stressed the need for database on job creation as well as data on the jobless in Lagos State.
Speaking yesterday during a public hearing on a bill to create Employment Trust Fund by the Lagos State government, he said the data base should cover both the formal and informal sector of the state’s economy.
Famuyibo observed in section eight of the proposed law that there should be accurate database for the Fund, saying that would make it sustainable.
He spoke at a stakeholders forum on the proposed law tagged: ‘Employment Trust Fund Bill, 2015’ at Lateef Jakande Auditorium, Alausa Ikeja.
He said that section nine which is meant for the sources of fund should be explicit, saying: “It is important to be clear on percentage from companies, employees and that dedicated percentage should be specified from payees.”
He explained that some other sources that should be tapped to get fund included unclaimed dividends which according to him, “is an honey pot sitting untouched.”
Speaking on the occasion, the Executive Secretary of CIBN, Anthony Arabameh said there should be adequate database on employment to achieve the desired result.
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