The Federal Executive Council (FEC) Monday approved the revised National Policy on Employment, Minister of Labour and Employment, Mr Maigari Dingyadi, has said.
The minister said this while briefing State House correspondents at the end of the FEC meeting chaired by President Bola Ahmed Tinubu.
He said the updated framework was designed to reflect current economic realities and provide new strategies to address widespread unemployment and poverty across the country.
“This is a very important memo to the labour sector in general. The reviewed policy aims to create economic opportunities that promote productive employment for Nigerians.
“It aligns with our preparation for the upcoming International Labour Organization (ILO) meeting in Geneva, where we will proudly present our renewed employment framework,” he said.
He said the revised employment policy was developed after extensive consultations and would now be sent to key stakeholders for implementation.
The council also approves a groundbreaking initiative to monetise Nigeria’s tangible and intangible cultural and tourism assets.
Minister of Art, Culture, Tourism and the Creative Economy, Ms Hannatu Musawa, said the initiative would be driven in collaboration with the Ministry of Finance Incorporated (MOFI).