After Spending N1,000,000 To Become A Graduate, No Job? - Jobs/Vacancies - Nairaland
Nairaland Forum › Nairaland General › Jobs/Vacancies › After Spending N1,000,000 To Become A Graduate, No Job? (1580 Views)
| After Spending N1,000,000 To Become A Graduate, No Job? by gr8tness(op): 12:09pm On Dec 05, 2015 |
The ILO report of 2009 maintained that the nations institution churn out a total of 619,097 graduates in 2005. With the increase in Nigerian universities between 2005-2015, it is estimated that not less than 1,000,000 graduates per annum. From 2005-2015, there are no less than 8,000,000 graduates scrambling for position in the labor market. The skill and graduate explosion in Nigeria is alarming, when matched with the statistics that less than 10% is absorbed in the labor market. It therefore means that over 90% of this graduates will have no job to do. Quiet alarming is the exploitation of the private sector, where a graduate is employed to work for 6 working days from morning to night with a meager salary average of N20,000. An average graduate has spent an estimated N800,000 to read a four year course with a tuition fee of N70,000, N30,000 for logistics, N50,000 for accommodation on campus and other unaccounted expenditures. For secondary education, apart from cost of WAEC and NECO, an average student spends N90,000 on school fees, N20,000 miscellaneous and N120,000 on school materials, amounting to an estimated N230,000. This means, from secondary school to graduation in tertiary institution, an investment of N1,030,000 is invested in the educational sector. N1,030,000 invested in acquiring certificates should be profitable in terms of return. It means the graduate should be able to recoup this investment after working for at least 1-3 years, this is the payback time concept in business. Unfortunately, a graduate working in the private sector earns an average of N30,000. When dissected, he spends approximately N10,000 on feeding, N10,000 on transportation and N10,000 on other miscellaneous expenditures. Then I am tempted to ask, what is the savings? Where is investment? The answer is Zero. This is the reason for the inability of some graduates to grow their life professionally and otherwise even when working in the so-called private sector. There is only one way out, rather than being a job seeker and wasting skills and potentials, every graduate is called upon to start a business. After pursuing certificates with no skills for 16 years of life, then its time to begin to set a foundation to be an entrepreneur. Graduates that are fortunate to get a job cannot break out of the vicious cycle of ‘living from hand to mouth’ except they start discovering opportunities in the business world and keying into it. The best start is to launch your business idea and start getting acquainted for it. The best time to start is now! At iBrics International Resource, we provide Market Research, Feasibility Studies and Business Plans for intending startups in Nigeria. All you need to do is discuss your business idea with our Online Consultant via Whatsapp: +2347068180074 or BBM: 22A8CB74 and request for a business plan. The business plan will be written, configured, calibrated and structured to meet the demand of your environment, covering a roadmap for that business idea to become a reality and expand to enviable heights. Order a Business Plan to suit your budget, idea and business goals now! Procrastination will only make you lose opportunities that you will regret. Whatsapp: +2347068180074 BBM: 22A8CB74 iBrics International, Committed to business excellence in Africa |
| Re: After Spending N1,000,000 To Become A Graduate, No Job? by menix(m): 12:12pm On Dec 05, 2015 |
Main reason I refused to go to school.. Nah spare part shop sure pass. 3 Likes |
| Re: After Spending N1,000,000 To Become A Graduate, No Job? by Imortal001: 12:13pm On Dec 05, 2015 |
Welcome to nigeria! 1 Like |
| Re: After Spending N1,000,000 To Become A Graduate, No Job? by gr8tness(op): 12:14pm On Dec 05, 2015 |
The main issue now is that, most graduates have misplaced priorities, so its very difficult for them to start developing skills after investing such time in the four walls of the academic community........ You are indeed lucky, you can build on that anyday and anytime menix: 2 Likes |
| Re: After Spending N1,000,000 To Become A Graduate, No Job? by gr8tness(op): 12:16pm On Dec 05, 2015 |
Imortal, its really pathetic and we seem to be having too much of FAITH and no more of WORKS...... there must be a way out, things cant just continue like this.... it all starts with enterpreneurship.... Imortal001: |
| Re: After Spending N1,000,000 To Become A Graduate, No Job? by Imortal001: 12:26pm On Dec 05, 2015 |
gr8tness:. yes, i totally agree wit u. but wit time nd right people tins wil get beta |
| Re: After Spending N1,000,000 To Become A Graduate, No Job? by CharlyNick: 12:30pm On Dec 05, 2015 |
That's because u put all ur Eggs in One Basket. U put your hope in a paper called certificate. You feel getting a Job is the best achievement in Life |
| Re: After Spending N1,000,000 To Become A Graduate, No Job? by shepherd77: 5:01am On Dec 12, 2015 |
That's the general misconception. Ppl believe the sole purpose of education is to get a job. That's false. The sole purposes are too acquire useful knowledge, the ability to use that knowledge and a sound judgment when using the knowledge. Where i however blame the system is the system isn't imparting specific knowledge for the countries specific problems. Anyway, Dragnet, SHL, Workforce PQ & Answers are available on this thread https://www.nairaland.com/2685888/myjob-mobile-app-android |
| Re: After Spending N1,000,000 To Become A Graduate, No Job? by tunex23: 7:40am On Dec 12, 2015 |
gr8tness:yes, luv to go into enterpreneurship will you give me the capital? |
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