year in year out versity convocate graduates but rate of unemployment is high, likely solution pls fellow reply?

its quite terrible to know the rate of unemployment in nigeria,but i believe what contribute mosly to such is because people were not well educated on how yo start on their own instead of looking for employment,theres a lot of opportunities for every nigerian to explore if only,they ready to take the new challenge.

Very true.

calebonian:

its quite terrible to know the rate of unemployment in nigeria,but i believe what contribute mosly to such is because people were not well educated on how yo start on their own instead of looking for employment,theres a lot of opportunities for every nigerian to explore if only,they ready to take the new challenge.

not true,Nigerian people are one of the most hard working people on earth,it is the years and years of neglect by successive military government and harsh not too friendly policies that the government in collaboration with world bank heaps on the people that stagnates them.

They are indigenous companies in the 80's which have been closed due to harsh policies,devaluation of the naira,lack of infastructures and incessant coup de tat,that has ruined down most business ,scared away foriegn investors and make things generally difficult for ordinary Nigerians .

For instance if you say u want to engage in retail business and u have 500,000.When u start adding the cost of procuring a shop which ranges between 150,000 - 250,000 per annum and u have to pay 4 2yrs,coupled with epilieptic power supply ,payment of one tax or the other u find you're back to square one .No body will encourage u and the moment u open a shop or a business the government and its agencies start fleecing u of your money through exhorbitant tax rates which goes up and never come down,so the challenges an ordinary Nigerian encounter when starting a business are so many and hydra headed than his counterparts anywhere in the world.

Ok !! for emphasis why are nigerian clearing and forwarding agents running to cotonue to open shop?because the cost of opening a business there is low compared to Nigeria and there r no bottlenecks or bureacracy and the business environment is friendly to the agents ,even the government of cotonue is given them incentives to remain in business,so y should they come to Nigeria and go through some harsh treatment.

So if there is anybody that started a business Here in Nigeria and it grows that person should be commended i.e if the person does not have government or "PDP" backing.

So please Nigerians are trying their best despite all the set backs we have gone through,WE WILL SURVIVE.

Read my post here, 'twas my 1st post: https://www.nairaland.com/nigeria?topic=25795.msg641983#msg641983