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INTRODUCTION
Lagos will be the 3rd largest megacity in the world by 2015 with a population of 25million people and is characterized by many investment opportunities that are attractive to investors be they local or foreign for domestic and foreign consumption. The economy of Lagos is continuously vibrant and being revamped to turn around the economy of the nation. There is the need therefore to put in place measures that would expand domestic production, boost exports, generate employment and implement industrial incentives to boost the growth of the non-oil sector.
INTRODUCTION
A quick-win in the nation is for each State Government to look at areas of comparative advantage in order to move the nation forward. Here lies the demand for youths, competent and skilled to operate and maintain these services. A major attraction therefore for siting investments in any country/State is the availability of skilled, competent and trainable manpower, preferably youths with minimal industry/field exposure.
TVE and Lagos Vision of Skilled Workforce Development The proactive development of youthentrepreneurs is one of the most lasting solutions to the problem of massive youth unemployment. It is an effective means of stemming or eradicating restiveness amongst the youths. When we have a critical and motivated mass of skilled youth-entrepreneurs the monster of unemployment might be a thing of the past.
INVESTMENT OPPORTUNITIES
There are huge markets in Power, Agriculture, Transportation, Housing, Infrastructural Renewal, Manufacturing, Healthcare and Tourism referred to as the PATH economic growth. All these require a strong connection between the private and public sectors for the production of High Quality Technical Skills to effectively deliver these projects/programmes. PATH for us in Lagos State is the easiest way to economic recovery, massive youth employment and poverty eradication.
INVESTMENT OPPORTUNITIES
Other abundant investment opportunities requiring a critical mass of competent and skilled youths abound in the following areas: i. Downstream activities of Oil and Gas Sector(Domestic production of LPG, manufacturing of cylinders, valves and regulators, production of petroleum jelly and grease, production of bitumen based water damp proof materials, small scale industrial and food grade solvents and chemicals and cosmetics) ii. Power and Steel(Rehabilitation and maintenance of power plants , development of energy infrastructure, construction of power stations, production of steam and gas turbine spare parts, repairs of transformers, iron, billet and light section mills) iii. Telecommunications and Electronics( Repairs of switching and transmission equipment, production of telecommunication cables, radio communications and cellular radio repairs, electronics appliances repairs and maintenance)
INVESTMENT OPPORTUNITIES
iv Rail Transportation(Conversion of wagon bearings, training on break systems, track maintenance, locomotive/electrical prime mover repairs) v Road Transportation(Maintenance of heavy duty trucks and haulage equipment, automobile repairs/maintenance, auto-mechatronics, auto-detailing and auto-recovery) vi Infrastructure upgrade, building construction and maintenance, environmental beautification and urban renewal vii Oil and Gas support services(welding of oil rig platforms, fabrication of pressure vessels, fabrication of buoys, ship repairs and maintenance, industrial painting and oil coatings, pipe-fittings, scaffoldings)
INVESTMENT OPPORTUNITIES
viii Water transportation(dredging and building of channels, construction of terminals and jetties, operation, repairs and maintenance of boats and ferries) ix Agriculture and agro-allied production x Information Technology support services(Software applications, networking, hardware repairs and maintenance and multi-media)
The platform therefore for attracting investments to the nation is weak. One of the key requirements for attracting investments is the availability of key technical manpower at the craftsman and technician levels.
IMPLEMENTATION STRATEGIES
Each State to commence programmes that will motivate and re-direct the army of youth school leavers and graduates who are unskilled, agitated, unemployable and unemployed into a structured competence-based training between 9-24months leading to international certification(City and Guilds, NVQ, IWI etc) to avoid discrimination from employers who are mostly foreign investors. Each State to reposition its Technical and Vocational institutes and harmonise the activities of all Skills Acquisition/Vocational Centres and Technical Colleges at the Local Government and State levels, with a regulating body(LASTVEB,BOTVED etc) coordinating all TVE issues in the states. Trainings will be offered to the youths at these upgraded centres/colleges.
IMPLEMENTATION STRATEGIES
Each State to appoint a seasoned, well respected industrialist with a wide network of industry associates, passionate about youth skills development to offer leadership at the State level as Chairman Industry Advisory Council. Youth skills development requires a strong buy-in of industry partners for sustainability. Each State Governor in the region to assist with a take-off fund for the rehabilitation of existing infrastructure and facilities in each of the centre/colleges. The fund will also be required for offering industry exposure and experiences to the teachers/instructors in the colleges, who are to be deployed as trainers.
IMPLEMENTATION STRATEGIES
Each State to mount a State wide advocacy/awareness programme on TVE as an alternative path to wealth creation, so as to attract youths from respective states into vocational trainings with a view to producing at least 2000 competent youths with international certification in the following suggested areas: (i) automotive Mechatronics (ii) welding/fabrication (iii) spare parts production/machining (iv) industrial air-conditioning (v) electrical machine repairs (vi) electronics appliances repairs and instrumentation (vii) construction trades(plumbing, carpentry/joinery, Blocklaying/tiling, site engineering works) (viii) software applications (ix) landscaping and environment aesthetics.
IMPLEMENTATION STRATEGIES Each State to develop a trade to a high standard in a centre/technical college so as to receive accreditation as a centre for international certification assessment in the region. COREN to assist in forging collaboration with industries to attract partnerships, resources and facilitators to the centres/colleges, monitor and provide information about exit opportunities posttraining.
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