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Investing in skills development key to meeting labour demand

Investing in skills development key to meeting labour demand

TANZANIA will join the global community this week to commemorate World Youth Skills Day aimed at celebrating the strategic importance of equipping youths with skills for entrepreneurship, decent work and employment.

Investments in education and skills development from preschool through post-secondary education to vocational training can play a vital role in the country’s development endeavours.

Skills development can contribute to structural transformation and economic growth by enhancing employability and labour productivity and helping countries to become more competitive.

In a situation where there are few formal sector jobs available, developing practical skills give young people an opportunity to embark on entrepreneurship activities for income generation.

President Samia Suluhu Hassan said recently that it was time to review and evaluate the country’s education curricula to help our youths and develop our nation academically.

The review according to the Head of the State will help develop necessary skills which are highly needed in the industrial sector bus as well as for selfemployability.

Education stakeholders from both Tanzania Mainland and Zanzibar have started providing their views on how to improve the curriculum to suit the current labour demand.

Investing in youth skills development is fundamental and support entrepreneurship initiatives such as personal finance, networking and corporate governance.

The advent of digital technology has increased the ability of young people to develop new skills that are necessary for accessing various digital opportunities.

According to the World Bank, investment in a high-quality workforce can create a virtuous cycle, where relevant and quality skills enable productivity growth and foreign direct investment, which result in more and better jobs for the current workforce and more public and private investment in the education and training system.

This may, in turn, increase the employability and productivity of both the current and future workforce. According to the UN, the education 2030 devotes considerable attention to technical and vocational skills development, specifically regarding access to affordable quality Technical and Vocational Education and Training (TVET).

Most employers in many developing countries report that a lack of skilled workers is a major and increasing bottleneck for their operations, affecting their capacity to innovate.

Employability rests on the knowledge, skills and enterprise of the workforce, suggesting those with degree-level credentials are seen to play an important role in managing the knowledge-driven economy of the future.

There, it is high time that stakeholders take an active part in giving their views aimed at improving the education systems and develop necessary skills to meet labour demand as well as self-employability.

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