National
Youth unemployment is a global issue - Mbabazi
Publish Date: Aug 04, 2014
Youth unemployment is a global issue - Mbabazi
PM Mbabazi (R) shares the days programme at ICOB meeting on Friday in Washington DC,USA
  • mail
  • img
newvision

Prime Minister Amama Mbabazi has said the high level of youth unemployment is not only a Ugandan problem.

It is a leading global issue, he said, whose eradication necessitates stronger partnerships between Governments and the private sector, sustained macro-economic stability and an enabling environment for investments that contributes to productive employment creation.

Mbabazi said Uganda has an extremely young population which is a critical challenge if deliberate measures are not fast-tracked to address unemployment, citing the Uganda Bureau of Statistics figures, 2012 which place 32% of an estimated 6.5 million youth in the jobless category, while 2 million are under-employed.

In spite of Government’s efforts to provide education and training at various levels for our large and fast growing youthful labour force, Mbabazi said the country continues to experience major deficits in the supply of skilled human resources.

He said Uganda is now faced with a paradox of many graduates on one hand and shortage of skilled labour on the other.

The global youth unemployment rate is projected to be at 12.6% by 2013 with 73 million young people unemployed.

The Premier said the employed youth are also faced with the challenge of working poverty which, in the global context, is highest in Sub-Saharan Africa, estimated at 40.1 per cent in 2012, at the US$1.25 per day level and this is mirrored in Uganda’s youth.

Mbabazi made the remarks while delivering a key note address at the 11th Annual International Convention for the Banyakigezi (ICOB) on Friday, in Washington DC, USA.

 The four-day convention was organized under the theme: Promoting Innovations and Entrepreneurship for Youth Employment.

Mbabazi hailed the Banyakigezi fete for promoting unity, cultural and socio-economic development of their community at home and in the diaspora, harnessing collective efforts for wealth creation and development.

He said Government is cognizant of the serious social consequences of high youth unemployment including increased crime rates, drug usage, social and political strife and unmitigated violence. Mbabazi remarked that Government has started a number of interventions to support the youth to become self-reliant and productive.

He said these interventions include improvement of practical skills through the Skilling Uganda Programme, the student loan scheme which promotes the increase of scientific knowledge and technical skills among the youth, the youth livelihood programme and the introduction of ICT Incubation centers that are aimed at encouraging innovation.

Mbabazi said Uganda has enjoyed remarkable economic growth under the National Resistance Movement, adding that the economy has grown at an impressive average of 6.5% over the past 28 years.  

“The size of the Ugandan economy is now projected to be sh63.3 trillion, which is about $25.3b, by the end of this fiscal year 2014/2015. This progress has been made in the face of significant structural bottlenecks in terms of limited energy and transportation infrastructure,” Mbabazi said.

He said the East African Community market is now over $ 79.2b and the COMESA market is even bigger at US $ 497bn,adding that this is the kind of opportunity that regional integration creates.

“We must therefore build requisite entrepreneurial capacities to seize these opportunities. If we do not do this, our brothers and sisters in the region will do so at our expense,” said Mbabazi stressing that we have to be streetwise in leveraging the opportunities of this real integration process.

He revealed that the President is later this month slated to launch a huge industrial complex for the production of phosphates and steel in Tororo district.

Other presenters at meeting included the current president of the Uganda North America Association, Brian Kwesiga and Jackson Kaguri, the proprietor of The Nyaka Project, a large charitable organization based in Kanungu district.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
80 Ugandan MPs ‘use vehicles as offices’
Due to limited office space at Parliament, 80 NRM MPs work from their vehicles, departing Government Chief Whip Justine Lumumba says....
Nkesiga was a corrupt-free man - Museveni
POLITICAL leaders and prominent clergy were among thousands who gathered on Thursday say farewell to Rev Solomon Nkesiga, the man of God who was known as humble and amiable....
Korea pledges sh25b to reduce maternal mortality
THE Government of South Korea and UNICEF Uganda have signed an agreement that will see the former give to the latter for taming the high maternal and new-born mortality in Karamoja and Acholi...
Court extends criminal summons against Kiyingi
NAKAWA Chief Magistrate’s Court has extended criminal summons against Doctor Aggrey Kiyingi in connection with the recent murder of two prominent Muslim Clerics...
Local govts invite private partners for business
Local governments have passed a number of resolutions at the end of their two-day 10th forum on Joint Review of Decentralization (JARD), among them, the resolve to invite private partners in doing business....
Health ministry directs NMS on resuscitation kits
The health ministry has directed the National Medical Stores (NMS) to make the procurement of newborn resuscitation devices a priority. The move is intended to ensure availability of the equipment to stem the high rate of death of newborn babies who fail to breathe at birth, a condition known as as...
Will the ban of food vendors help eliminate typhoid?
Yes
No
Can't Say
follow us
subscribe to our news letter