SkillsFuture Credit amasses 126,000 Singaporean users in its inaugural year

The average utilisation was highest among Singaporeans aged 25 to 29.

There seems to be a steady growth in Singapore's implementation of Skillsfuture Credit, which citizens can use to pay for out-of-pocket course fees for attending work-skills related courses.

By end-December, more than 126,000 Singaporeans have used the SkillsFuture Credit to up-skill or re-skill themselves in the first year of this scheme.

In a recent statement, SkillsFuture Credit showed that there is a good spread of users in different age groups, where average utilisation was highest among Singaporeans aged 25 to 29 at almost $400 per person.

When it comes to the most popular area of training, Information and Communications Technology rose led the sectors across all age groups.

"Younger Singaporeans enrolled for courses on emerging ICT skills such as data analytics, while older Singaporeans use their SkillsFuture Credit to acquire more fundamental ICT skills such as using the basic functions of a computer," it said.

Other popular training areas include Language Skills, Productivity and Innovation and Security and Investigation.

The improvement also came as the number of eligible courses continued a steady increase.

"Singaporeans can now use their SkillsFuture Credit for over 18,000 approved skills-related courses. These are provided by over 700 training providers, comprising both public and private providers," its noted.