Graduate Internship Scheme (GIS)
The Graduate Internship Scheme (GIS) was launched in October, 2012 to create opportunity for graduates to be attached to firms /organizations, where they can work for a year and enjoy a monthly stipend of N30,000 with a Group Life and Accident Insurance. Such interns can use the opportunity to gain working experience and enhance their employability skils.
The project has commenced registration of such firms and over 181,800 beneficiaries have been registered. This is beyond the threshold of 50,000 allotted for the scheme in any given year. Deployment of such beneficiaries has commenced.
The average rate of unemployment worldwide is 14.2% while Nigeria’s rate of unemployment is 19.7%. The country as a whole is above the world average and some States are actually above the National average. According to the table above, fifteen (15) States fall within that category. The Graduate Internship Scheme (GIS) will employ 50,000 youth across the country to ensure that their skills have been developed towards empowering them to be employable in the short/medium/long term. GIS will ensure that youths are attached as apprentices in reputable public/private firms for a period of one year where the skills of such individuals will be sharpened. In view of the above, the Graduate Internship Scheme (GIS) is established as part of the Subsidy Reinvestment and Empowerment Programme (SURE – P) and it will employ 50,000 youth across the country to ensure that their skills have been developed towards empowering them to be employable in the short/medium/long term. GIS will ensure that youths are attached as apprentices in reputable public/private firms for a period of one year where the skills of such individuals will be sharpened as well as boost their chances of becoming self employed. While the GIS is designed as a short-term measure, it has high prospects for job creation. The specific objectives of the program are:
During this period the Federal Government of Nigeria will be responsible for paying a monthly stipend to the graduate interns. The participating institution will be expected to provide adequate opportunities for training and mentoring the interns. This website will be the central platform for public access to updates on the GIS and the registration process. Prospective firms can register for consideration as an employer. Once the PIU completes their due diligence on the firm, ensuring that they meet the eligibility criteria, then the firm will be officially approved as an employer of the GIS. Through the website, the firm will be able to post internship vacancies and get further information and guidance. It is anticipated that vacancies will continue to be posted by approved firms indefinitely. Benefits to interns:
Benefits to Firms/Organizations:
Note: Companies with outstanding tax issues or where the owners or directors have convictions for Fraud will not be eligible to register for the programme.