THE DISHEARTENING RATE OF UNEMPLOYMENT IN NIGERIA
Dr Akinwumi Adesina, President of the AFDB (Africa Development Bank) revealed recently in a lecture right here in Lagos that about 40% of the youths in Nigeria are currently facing the scorch and shame associated with unemployment in the country.
According to University world news, unemployment rate in Nigeria moved from 13.69% in the year 2016 to 15.3% in the year 2019. Also as at the second quarter of the year 2020, the unemployment rate among youths in Nigeria between the age of 18 to 35 stood at 35%. (www.universityworldnews.com, 2020).
It may also interest you to know that every year, about 2million students are been admitted into the university while about six hundred thousand come out as graduates annually to find their way into the labor force. This simply means that the pool of unemployment would keep growing in the country and in the coming years, it may get to 50% unemployment rate if drastic measures are not put in place to curtail the rate of unemployment in the country.
James Patrick
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