FG is preparing to set up a labor market information system

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The Federal Government says it has concluded plans to establish a Labor Market Information System (LMIS) aimed at addressing the lack of harmonized labor market information.

A statement signed by the Head of Press and Public Relations of the Ministry of Labor and Employment, Olajide Oshundun, said that the Minister of Labor and Employment, Dr. Chris Ngige disclosed it in Abuja as it launched a three-day Labor Market Information System (LMIS) stakeholder workshop organized to strategize on the framework needed to achieve this.

The Minister said that “LMIS would play the role of informing and guiding policy makers in the design and implementation of active labor market policies and strategies, designed to address the skills gap in the country and improve national planning and development.

“LMIS, an initiative of the Federal Ministry of Labor and Employment, in collaboration with other stakeholders, would harmonize all the fragmented labor market information spread across many ministries and agencies into a single platform.

“This one-stop shop for labor market information would provide data for national policy-making, as well as easy access to labor market information for users of that information.

“The availability of reliable, timely, and robust labor market information is essential for policy-making, educational planning, career counseling, and business strategies.”

Ngige pointed out that a well-established labor market information system would provide insight into both labor market supply and demand, which ultimately would help forecast trends for job seekers, training establishments, businesses and policy makers.

“Producing comprehensive, reliable and up-to-date labor market information required increased collaboration among stakeholders,” he added.

The minister therefore implored all relevant stakeholders to collaborate with the ministry for the successful implementation of the project.

Earlier, the Permanent Secretary, Labor and Employment, Ms. Kachollom Daju, represented by the Director, Employment and Wages, John Nyamali, said that the objective of the workshop was to ensure synergy between stakeholders in the generation information for the labor market information system.

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