14 May 2014

Nigeria: Actuarial Science, Solution to Unemployment, Says NUC

The National Universities Commission (NUC) is to expand Actuarial Science programme to all Nigerian Universities in a bid to equip youth with both knowledge and skills to reduce unemployment in the country.

Executive Secretary of the commission Professor Julius A. Okojie made the disclosure yesterday at a one-day stakeholders meeting on manpower development for Nigerian Universities and Nigerian Pension Industry, organised by the commission in Abuja.

Professor Okojie said the problem of unemployment in the country could be easily be addressed when youth are trained in various skills right from the University level, saying "actuarial science is the solution to Nigerian unemployment problem."

He said: "we have realised that for us to have any impact in terms of development is not just getting university education but getting a proper university education. And a combine package of good education and skills can mould our youth become independent workers even if they did not get employment."

He pointed out that at present only Ahmadu Bello University (ABU) Zaria and the University of Lagos (UNILAG) are running the programme, assuring that the commission is planning to involve more universities to commence the programme.

"We are at the stage of building the capacity of our manpower now and after we got the required manpower we will expand the programme to involve more universities. We are losing lots of benefits from the actuarial science and we want utilise the programme to empower our youth."

Earlier, the Dean of Faculty of Administration, Ahmadu Bello Univeristy, Zaria, Dr. Siraj Abdulkarim, said the school is planning to establish a faculty of actuarial science in order to expand the programme to cover other critical areas of human endeavour.

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