₦airaland Forum

The rate of unemployment in the country is alarming. If anyone thinks that any government will provide employment, it is like building castle in the air. How will Government provide jobs when privatisation is the order of the day? Indirectly, what the government is telling us is that they are not employer of labour. It is private sector that drives the economy. To worsen the case, it is most likely that some parastatals might be merged, meaning that there will be duplication of functions. The implication is that some people may need to be sacked.
The role of government essentially is the creation of enabling environment for small businesses and entrepreneurship to thrive. As many small businesses are springing up, more jobs will be created. Also, government will generate more revenue in form of taxes. Mostly, the development will see in developed countries are fuelled by small businesses. Even, all these blue chip companies still rely on small businesses to function. See below the statistics of the U.S. economy

Small businesses make up:
99.7 percent of U.S. employer firms,
63 percent of net new private-sector
jobs,
48.5 percent of private-sector employment,
42 percent of private-sector payroll,
46 percent of private-sector output,
37 percent of high-tech employment,
98 percent of firms exporting goods,
and
33 percent of exporting value.

Source: https://www.sba.gov/sites/default/files/FAQ_March_2014_0.pdf

The solution to unemployment in Nigeria is entrepreneurship. It is time our youths embraced entrepreneurship. They should seek for entrepreneurial education which is different from what they were taught at schools. Even for the employed, there is no job security anywhere again. Your own business is your personal security. Let's wake up to the responsibility. We shall surely succeed. God bless our Youths! God bless Nigeria!!
For top articles on entrepreneurship and how to start, run and grow your business, visit http://businessinfohub.com

My brother you have made a very valid point.

I hope someone will learn from this. But again, we all can't be entrepreneurs (and employers)

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The youth of this generation are really suffering.They live in a world where your university degree no longer quarantee that you will get a job.

hunkydory:
The youth of this generation are really suffering.They live in a world where your university degree no longer quarantee that you will get a job.

That is true

Live in the world of getting employed and you'll stay poor. Make hay while the sun is shining

aboyaji:
Live in the world of getting employed and you'll stay poor. Make hay while the sun is shining

The earlier one starts, the better.