Mr Speaker, the reason I am saying this is that -- I am just building up -- saying that we all do not have doubts about the challenge but the bigger challenge that we all know is, when you do not earmark resources, usually, it is very difficult for you to have them. My Hon Colleague made the argument that, sometimes, you even earmark and the year ends without you having them. But what it means is that, when they are going to come, you definitely have what had been earmarked.
Mr Speaker, it is to help well-co- ordinated programmes of the Youth Employment Agency. If you do not earmark and know exactly at the beginning of the year that you are going to bag roughly this amount of money, it becomes very difficult. That is why in the wisdom of the amendment, is to make sure that we have this dedicated sum, so that it will help in the planning.
Mr Speaker, you know that for the past eight years, we have always tried to do the budgeting before the end of the year. When the budget is done and you know that this is the quantum of money that you are going to have, it will help the Agency to prioritise and be able to tell all of us what exactly they will be able to do. I know that the challenge is, if you provide that money and you do not play an effective oversight, the moneys may disintegrate and may go into the wrong hands.
Mr Speaker, that is the essence of this whole Bill. To make sure that, there is a Board, we are all proposing that there should be even oversight committees at the district and regional levels; it is just to safeguard the resources. So, the earmarking is to make sure that there is a dedicated Fund for the quantum of the money.
Mr Speaker, roughly, it is estimated that every year, about 50,000 students graduate from universities and poly- technics. Replacement in Agencies and Government institutions is just about 10,000. Meaning that for the past almost seven years, every year, we have well over 40,000 well trained youth from our universities, who do not have anything doing. Aside the well-trained ones, we also have the others who are dropouts from school.
Mr Speaker, so, the quantum of money, in my view, cannot even match the challenges that are awaiting this sum. I would want to plead that for now, let us have a framework. This House can always call for this Bill to be amended. But I think that for now, we should carry on the way and the form the amendment is proposing, hoping that all of us, including Parliament will intensify our oversight to ensure that this works effectively.
So, Mr Speaker I would urge my Colleagues to support this amendment.