As Nigeria's youth population grows, so does its youth unemployment rate, reaching nearly 11.1 million in 2012. The Nigeria Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) has implored the federal government to harmonise the various poverty/unemployment policy … The presidential candidate of the Allied Congress Party of Nigeria (ACPN), Dr. Obiageli Ezekwesili, says she will drastically reduce unemployment. ADVERTISEMENTS: Here we detail about the six employment strategies used to reduce employment. In the second quarter of 2018, youth unemployment peaked at 38% in Nigeria. How to Reduce Unemployment in Nigeria Speaking on Monday during a gathering on youth unemployment and development organised by the Senate, Saraki said it is necessary to consider the issue of marginalisation of […] The presidential candidate of the Allied Congress Party of Nigeria (ACPN), Dr. Obiageli Ezekwesili, has assured Nigerians that the increasing rate of unemployment in the country would stop if she emerged as the President of the country. The second issue that has arisen from the protests is the frustration felt by Nigerian youths due to high youth unemployment in Nigeria. 10 ways to reduce unemployment in Nigeria,Ways to Reduce Unemployment in Nigeria. Reducing occupational immobility: Immobility is a cause structural unemployment. How I intend to reduce unemployment – obyezeks. In just their […] By Ngozi Uma On Sep 6, 2020 12:08 AM. CHAPTER ONE. The problem is to prove that the economic policies have not been successful. Specifically, this study examines; 1. the extent of relationship between entrepreneurship training and unemployment reduction in Nigeria. In that way, such graduates will be fully equipped for employment (by employers or by themselves) and help reduce unemployment in the country. Entrepreneurial development through education will This has propelled 14 young Africans from Nigeria and Ghana to curb unemployment in Nigeria and the Africa continent as a whole. Correspondingly, the country's unemployment rate in Nigeria increased to 23.1 per cent in the third quarter of 2018 from 22.7 per cent in the second quarter of 2018. It is a fact that many youths in Nigeria are unemployed due to some basic factors affecting Nigeria’s economy. This… This article will give you 10 ways to reduce unemployment in Nigeria. Disrupting how we learn might be the fastest and maybe cost effective way to reduce unemployment in Nigeria and private organisations can actually make it happen if more collaborations are forged with Higher Institutions of learning in the country. Senator Tolu Odebiyi, the vice chairman of the Senate Committee on the Federal Capital Territory (FCT), in this interview by OSARETIN OSADEBAMWEN, speaks on Nigeria’s unemployment and… Could vocational training be the solution to youth unemployment in Nigeria?. Unemployment is a huge problem all over the world, but it is worse in Nigeria with a very large youth population. Nigeria, as a country, is blessed with many un-utilized resources which are enough to gainfully engage every un-employed person. “Nigeria has a wealth of amazing young talent and we are truly passionate about identifying those talented individuals, training a huge number of them to be IT experts so they can compete successfully in the future of work. It is mostly used in economics, of the condition of various social … Share. As such, to reduce unemployment, the larger buck lies at the feet of the FGN – Federal Government of Nigeria. Unemployment is a huge problem all over the world, but it is worse in Nigeria with a very large youth population. How Churches Can Help To Reduce Unemployment In Nigeria. The problem is a proof that the economic policies have not been successful. In this post, we will discuss the10 Ways to Reduce Unemployment in Nigeria. Image courtesy of cbenjasuwan at FreeDigitalPhotos.net. Unemployment is a huge problem all over the world, but it is worse in Nigeria with a very large youth population. Director-General, Bureau of Public Service Reforms (BPSR), Mr Dasuki Arabi, disclosed that Micro, Small and Medium Enterprises (MSMEs) are very important in the economy, and government will rely on them to reduce the rate of unemployment in the country. Impact of Unemployment on Nigeria economic Growth 1981-2017 PDF. READ MORE: Dangote moves to reduce unemployment rate with investments in agriculture Key Take-aways. Senator President Bukola Saraki says to reduce the growing unemployment rate in Nigeria, the marginalisation of young Nigerians must be stopped by including their interest in national planning. The impact of unemployment on economic growth includes; 1. fall in national output, 2. increase in rural-urban migration, 3. waste of human resources, 4. high rate of dependency ratio, 5. increase poverty, depression, 5. increase frustration, all sorts of immortal acts and criminal behavior . Negligence of Agriculture and Other Natural Resources. It is noted to be the highest jobless rate since 2009. Read more: The Nation Nigeria » Nigeria is the largest country with black people on earth,there is no other place on earth with a larger concentrate of blacks than Nigeria. Although there are no recent statistics, experts in the labour sector say the figure has surged year-on-year. If (and when) the Nigerian government is ready to put an end to the spate of unemployment, or at least, reduce it to the barest minimum, other key elements would automatically fall in line. Nigeria’s youth remain the hardest hit by unemployment with over 13.9 million people aged between 15 and 34 years unemployed. Unemployment as a social problem facing Nigeria. The decline in employment elasticity of output growth […] Presidential Candidate, Young Progressive Party (YPP), Prof Kingsley Moghalu on As E Dey Hot Subscribe- be the first to view our latest videos Connect … 1.1 Background of the Study If you feel otherwise kindly let us know in the comment section below. 0 104. INTRODUCTION. 10 Ways to Reduce Unemployment in Nigeria. development on unemployment reduction in Nigeria. The data also shows 7.6 million of this subset did nothing. ... How I intend to reduce Nigeria’s unemployment rate – Ezekwesili. 3. If you pay close attention to media in recent time, there has been so much motivation and encouragement from various governments and individuals, advising the unemployed youths in Africa to look at Agriculture and farming as solution to the unemployment problem. Strategy 1# Use of Labour-intensive Technology: Both the organised and un-organised sectors must adopt labour-intensive technology if sufficient employment opportunities are to be generated in both the rural and urban sectors of the economy. Unemployment in Nigeria has been a big problem which has not been sovled today,where thousands of graduate, graduate every year with no job .if they go in foreign exchange I think it will help reduce unemployment in Nigeria though it not easy but with hardwork you will sure be successful The rate of unemployment in Nigeria is not only alarming but a national embarrassment needing meaningful and tangible action. This research will discuss in details the causes of poverty and unemployment in Nigeria. The problem is a proof that the economic policies have not been successful.This article will giv The increase in unemployment in Nigeria, on the other hand, has resulted to decrease in consumption, due to low income earned by the citizens, thereby resulting to low production- the inability of firms to sell their goods, forces them to reduce their output. MSMEs are very important, Govt rely on them to reduce unemployment – BPSR MSMEs are very important and government will rely on them to reduce the rate of unemployment in the country, the Director General, Bureau of Public Service Reforms, Mr Dasuki Arabi said yesterday. • Causes of unemployment • How to reduce unemployment in Nigeria Definition Of Unemployment According to Oxford Advanced Learners' Dictionary, Unemployment is 'a state of not being employed. How Churches Can Help To Reduce Unemployment In Nigeria. The presidential candidate of the Allied Congress Party of Nigeria (ACPN), Dr. Obiageli Ezekwesili, says she will drastically reduce unemployment in the country if she emerges president. Poverty and Unemployment in Nigeria: Causes, Effects And Remedies 1981 -2016. The issue of Poverty and unemployment has continued to be a core subject matter in Nigeria and other African countries alike. In the last quarter of 2016, the unemployment rate in Nigeria increased from 10.4% to 14.2% earlier this year. Nigeria has an estimated population rate of over 200 million,yet it is facing the problem of unemployment,and the unemployment rate seems to be on the rise every day in Nigeria. 2. the extent of relationship between entrepreneurship traits and unemployment reduction in Nigeria. How can Nigeria reduce youth unemployment? Education in Nigeria is devoid of the element crucial to averting the surging rate of unemployment in the country, therefore the breeding of psychological dependence on direct access to money. Lagos – It has become clear that the problem of unemployment cannot be solved by the government alone. Distinction can be made between demand-side and supply-side policies to improve the working of the labour market in matching people to available jobs. Mr. Arabi who is renowned for his drive in carrying […] Believing Sunday Special. 3. A research has made it known that the percentage of young people from age 15 to 35, without job is 55.4 percent, while unemployed graduates are about 25 millions. 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