maybachmusic:
My sis told me something worrisome


Of all their set in economics that graduated since 2012


None has gotten a decent job that earns up to 200k




With figs like this curbing yahoo will be hard

How many Nigerians who graduated since 1990 do you think earn 200k?

tuniski:

How many Nigerians who graduated since 1990 do you think earn 200k?

Na wao


100k is like a great salary these days

Thought 'Trader Moni' will reverse that.... government bereft of any ideas to slow the fall off the cliff.

madone:
which signature

�

maybachmusic:





Na wao


100k is like a great salary these days

Yes nau the middle class has been wiped out!! Majority professionals don't Earn 100k.

In the history of the nations of the world the only antidote to economic peril and sustainable development has consistently been industrialization. From the Americas, through Europe to the Asian Tigers. Any nation seeking to develop must place the taste for commerce firmly behind the will to 'make stuff' instead.

I repeat, no nation will prosper on agriculture, selling commodities or offering services alone.

The most successful agricultural producer in the world is the United States. It is the top producer of half of the worlds agro produce from staples such as wheat, corn and cotton and can feed and clothe itself many times over yet agriculture is just 5.4% of its GDP.

China is the top trading nation of the world. It ships 12 percent of the goods available on earth by sea, air and rail yet it is only the second largest importer and 80 percent of its imports are commodities to fuel its insatiable manufacturing plants.

Nigeria's manufacturing at 18 percent of a relatively small GDP, lower than that of agriculture at 21 percent is just ridiculous. We can never develop this way. This government must get Nigeria making stuff to check unemployment and cut down on imports which put incessant pressure on inflation and the value of the naira, and like I've said previously, government shoukd make deliberate effort to get the steel industry, energy sector and petroleum sector functional.

the future is still bright but you will not be told that your future starts with today

chinambusay:
Chris Ngige, Nigeria's Minister of Labour and Employment who spoke yesterday at the opening of a two-day workshop on Breaking the Resilience of High Unemployment Rate in the Country in Abuja, revealed that Nigeria’s unemployment rate is expected to reach 33.5% by 2020.Ngige who confirmed that the data from the National Bureau of Statistics (NBC) shows that Nigeria's unemployment rate could reach 33.5 percent by 2020, added that the high unemployment rate of 23.1 percent and underemployment of 16.6 percent by the National Bureau Statistics (NBS) of 2019 report is a source to worry.

He said; “It is a worrisome status as the global poverty capital (World Bank, 2018); and concomitant high prevalence rate of crimes and criminalities, including mass murders, insurgency, militancy, armed robbery, kidnappings, drug abuse, among others.

“As if this situation is not scary enough, it is projected that the unemployment rate for this country would reach 33.5 percent by 2020, with consequences that are better imagined, if the trend is not urgently reversed."


https://unclesuru.com/2019/05/03/nigerias-unemployment-rate-to-reach-33-5-by-2020-ngige/

People like Alibaba won't say anything. Secondary school graduate are coming out every year like wise NYSC. And No job, No capital. Abi na everybody go do pon pon or mechanics. Abi you expect ones parent to feed them until 30? No body has any right to blame any yahoo boy . You can only do that when there's employment. Yahoo boys stop local and ritual don't scam your fellow hustling Nigerian or use someone for Ritual. But any other one is acceptable for now. Western countries scam a whole Nation to benefits their citizens you won't hear activist say anything about it in Nigeria. Ass lickers.

.

Yes,the unemployement rate was growing day by day.https://getapkmarket.xyz/

But Mr Ngige it was you who told us this government has created 9million jobs just weeks to election... I tire o. So nor be only Amaechi and Fashola dey feed us phantom figures na everyone in this government ba

capitalzero:


solutions to unemployment.
Part 1- Education
1. Compulsory technical education or skill acquisition programme for all youths after secondary school. No admission to university without having skills
2. No new undergraduate admission to university for at least 2 years
3. Reknown educational or consulting firms should involve in university admission
4. Enforce standards in university education. no to jamboree admission
5. Auditing firms of international repute should audit papers published by university scholars. Any lecturers with fake or plagiarized papers should be sanctioned
6. Departments or courses should be scrapped or merged while university or polytechics either public or private not meeting up to standards should be converted to secondary schools or vocational training centres or technical colleges.
Part 2- business/economy
1. Use of NIN for all adults.
2. Voluntary nysc. Graduates who are unwilling to do nysc should get #1M to start business which will employ minimum of 2 workers. Such ones cannot take any job in private or public sector or relocate abroad in the next 3 years.
3. Scrapping cost of registering small scale business premises by state government with more emphasis on income tax.



to be continued. late for work

These are necessary conditions but not sufficient enough to wipe out unemployment in Nigeria.For example,Nigeria has one of the largest population of highly skillful and technical workers in the world but no jobs for them,so the rate of unemployment continues to soar.
What we need is a set of appropriate fiscal and monetary policies that would reduce the demand and importation of foreigners and foreign goods.No country has ever solved the problem of unemployment by throwing its economy open to all kinds of imports.
Nigeria got this wrong right from the onset.We did not pursue industrialization. A country that has crude oil but import refined petroleum will continue to suffer from lack of employment for its engineers,scientists,etc.
The real sector of the economy should be developed then the economy itself will generate massive employment opportunities for the people.We cannot eat our cake and have it. Nigerian economy is only creating employment for foreigners through massive importation of foreign commodities. Infact Nigeria is not really a player in global economy yet. We only have a system in place to share crude oil revenue among the elites through the state apparatus, nothing is working in Nigeria except corruption ,inefficiency,nepotism and stupidity of our leaders in the past.

rusher14:


Exactly what I said about you.

That's all you want and that's all you would ever get.

Shut up.

Tinubu group of fanatics.

buhari govt has no vision and so all his appointees

Alamu1111:
Oloriburuku country where person manage go school no job since I finish my nysc back in 2012 till date I never see one better job than to go teach come Dey collect 15k per month why people no go do crime yahoo yahoo

Pele boss,I did wrote a motivational article on what an unemployed graduate's can do.
My user name is 'Darevofpeace' I left NYSC in 2015.You are not alone.

So are they insinuating we should expect worse days ahead? Messed up government.

What most Nigerians do not know is that the present economic challenges we face in Nigeria present are consequences of lack of vision of our leaders who led us in the 70s,80s,90s and early 2000. They failed to plan for the future at all. It is like a taxi driver who makes a lot of money from driving his car for decades and never planned for the replacement of the car when it becomes a scrap. The taxi driver will definitely be jobless when the car eventually breaks down totally.Nigeria made a lot of fortune from oil during these decades but squandered all while its population continues to grow astronomically. The graduates don't have refineries to work because they are all broken down,there is unstable power supply because we did not plan to expand our power generation in line with growing population. i don't know whether the person who cursed this country is still alive.Nigeria is a big joke.