Govt. eyes N$198m VET collections
More than N$190m could be collected for the Vocational Education and Training (VET) Levy from 1713 registered paying employers by the end of its current financial year (1 April 2014 to 31 March 2015).
Of the 1713, 21% are employers from the wholesale and retail sector, 18% from the financial and business services sector and 17% from the mining, quarrying, construction, electricity, gas, water supply and sanitation sector while eight percent are in the hospitality and tourism sector.
Minister of Education David Namwandi says 50% of the amount will be redistributed to participating employers as part of the in-company training grant allocation, provided such companies submit evidence of employee capacitating efforts.
“Another 35% (N$69m) will be utilised towards key priority training areas as per national training needs identified by the Board of Directors of the Namibian Training Authority (NTA) while the remaining 15% will be utilised by NTA for the administrative expenditure incurred during the implementation of the aforementioned training activities and programmes”.
Namwandi commends NTA and various stakeholders involved in the entire levy process for recognising it as a programme, which can sustainably enhance both the quality and quantity of technical and vocational skills provision.
“Through your collective resolve and commitment, our country now has a more stable and sustainable funding regime than ever before, under which to accelerate the provision of equitable, quality and accessible technical and vocational education and training”.
Namibia is still faced with the challenge of expanding basic skills training, to increase employment opportunities while providing a second-chance remedial programme for the large number of learners who leave school with no qualifications.
“Therefore, the monies collected through the levy will make a positive impact on the lives of many people. The hard work starts now, as the focus has to be to create tangible training outcomes and generate more value from the resources available for training”.
For the programme to make an impact, Namwandi says new ways of collaboration are required with all the relevant stakeholders involved.
“We need to look at how new forms of partnerships can cost-effectively increase access to skills development while increasing quality and outcomes,” he notes.