₦airaland Forum

Africa’s biggest economy is also one of its sickest.

Nigeria, home to the world’s largest number of extremely poor people, looks set to break another record: the highest jobless rate.

A third of the labor force is without employment or working only a few hours a week — second only to Namibia in the list of 82 countries tracked by Bloomberg.

That’s just one of Nigeria’s economic challenges.

The country has had two recessions in the last five years, inflation is at a near four-year high, insecurity in the north of the country is rife and getting worse and attempts to diversify the economy away from oil have largely failed.

That’s a problem in a world moving inexorably away from fossil fuels.

For now, the jobless rate is possibly President Muhammadu Buhari’s biggest problem. Unemployment has more than quadrupled over five years and the World Bank was warning even before the coronavirus pandemic began that Nigeria could become home to a quarter of the world’s destitute within a decade.

Buhari has tried to stem the decline but the measures have had limited success. The government sought to slash import bills by imposing restrictions on what goods can be brought into the country, allowed the naira to weaken and tried to do away with a fuel subsidy.

The danger isn’t lost on Godwin Emefiele, the central bank governor.

“The level of unemployment must be addressed swiftly to moderate the restiveness among the populace,” he said this week.

That discontent was demonstrated last year when protests against police brutality morphed into demonstrations about everything from insecurity to youth unemployment that brought the country’s biggest cities to a halt.

https://www.bloomberg.com/news/newsletters/2021-03-26/next-africa-nigeria-heads-for-a-record-nobody-wants?cmpid%3D=socialflow-twitter-africa&utm_content=africa&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

In the midst of abundant natural resources, bad leadership, corruption and mismanagement, got us here.
Ghana is now far better than the fake giant of the continent. Unemployment is one of the reason insecurity has kept increasing with different dimensions.
We need to have a great turnaround in leadership if things must change.

APC and LIE Mhd will tell you that the news is fake

Having another Northerner lead this nation will turn Nigeria to Somalia

Well nothing new! The world's headquarters of extreme poverty will definitively have the highest number of unemployed people.Buhari have won another inglorious trophy for Nigeria.

Another feather on the great cap of incompetence

This here is what happens when you vote out of spite.

Remember when they said they’re voting buhari “to deal with igbos”?

Now the only people thriving are the igbos because they are largely self employed.

Another Buhari masterstroke!

APC online rodents and Tinubu urine drinkers will still display the hollowness in their mendula by defending the indefensible.

Fools!

Alhaji lai Mohammed will soon come out to deny this and release him own stats with the source been from his mouth.

Nigeria as a nation,is even jobless..survives of loans and international grants.

We warned y'all Buhari was only going to mess everything up and not achieve a single thing, I remember telling y'all the man was a humongous disaster of epic proportions !!!!!! But una say una prefer Nepa bill .... I remember saying if you give Buhari the swedish Economy he will tank it in 6 months max and y'all thought I was playing ..The greatest gift I have is being able to notice emerging problems before any one does ... If Buhari spends 3 more year the country will be unrecoverable and it will become another Somalia or Afghanistan micro partitioned and ruled by warlords and bandit actors while what's left of govt will only be found in state capitals and cities .. you were all thoroughly warned

most of the jobless people are graduates, waiting for people to employ them.
Meanwhile get a quick and affordable loan with no collateral requirements. check my signature for more details.

u need to see this thread

Another great achievement of the half dead man who seats at a corner doing nothing except passing blames to everyone except himself.

Rickbronz:
most of the jobless people are graduates, waiting for people to employ them.

Meanwhile get a quick and affordable loan with no collateral
requirements. check my signature for more details.

With the fast diminishing purchasing power, even the employed and business persons are feeling it..

Why dont you give them free loans.

If you are surprised you are a fool

To some confused BMC crew Nigeria is doing great being led by their darling daddy.

They said PDP took the country backwards for 16years and are happily planning to add another APC 16years backwards to make it 32years backward. Some of them are already in their 40's and will soon start having their grand children
Tufiakwa

A failure will ever be a failure.
Despite having the highest fuel price ever,despite increase in VAT,Electricity bills,taxes,stamp duty etc;this Buhari goverment has turned out to be the worst in security,economy,corruption and now jobs.
They will soon blame it on covid.

Nigeria is a failed state. Nothing new.

That’s the legacy of Buhari Presidency.

knightsTempler:
That’s the legacy of Buhari Presidency.

Buhari for third term

Congratulations Nigeria,you are the true definition of shith@le.

Lalasticlala Pls take this to front page, maybe buhari and his goons will see this and receive healing from their wickedness

True that

Thanks to Buhari


APC 2023 achievement: We made Nigerian citizens the most jobless people on earth

Apc don finish Nigerian

The problem is that there's no hope for Nigerians..is really unfortunate that she has daft as a leader

Dead giant of Africa!
How on Earth he won the second term should be studied by political science students. Through Buhari, Nigeria has broken the worsts records of all time. News like this gives credence to the notion of him not being actually in total control of the country...
Okay, let's impeach the figure head and give room to capable hands to preside, his northern brothers won't agree because Buhari is their own and that's all that matters...

Notherners are the major reasons Nigeria is the way she is

We Heard that b4 ! Next !!!

The certificateless herdsman in Aso rock has literally broken all world negative index there is....


And his brain dead supporters still eulogise him like their existence is tied to failure.

Another feather to Buhari's APC cap.

Damnnn niggarrrr
Thanks to bubu

Yahoo nko