The Director-General of the Industrial Training Fund (ITF), Joseph Ari, says Nigeria recovered from the recession caused by the COVID-19 pandemic through the laudable economic policies of the President Muhammadu Buhari administration.
Ari explained that the ITF supported Buhari’s efforts by providing requisite skills using its acquisition programmes that helped most Nigerians recover their sources of livelihood.
Ari disclosed this on Wednesday during the Fund’s 2020 annual performance review meeting held at the ITF headquarters in Jos.
He said, “Across the globe, all societies, be they developed, developing and underdeveloped, struggled to cope with the outbreak of the COVID-19.
“As a country, Nigeria bore the brunt of the virus more than most, as our economy slipped into recession for the second time in less than five years. We thank God that we have come out of recession because of the very laudable policies and steps taken by the Buhari administration.
“While the recession lasted, governments, both at the Federal and State levels, reverted to massive borrowing to stabilize and sustain the economy.”
Ari noted that ITF, as an organization that is reliant on the Organized Private Sector for sustenance, felt the pandemic’s ripple effects as most of its clients either rationalized their workforce or closed shop.
He said that despite the pandemic challenges, the ITF recorded impressive achievements in some key areas, which includes the implementation of some skills acquisition programmes and the commissioning of several projects.