The Role of Government in Nigeria Youth Unemployment

The Role of Government in Nigeria Youth Unemployment

It is the responsibility and obligation of the government and other policymakers to create an environment and conditions that encourage youth-led entrepreneurial ventures. Diverse policy initiatives are designed to encourage and encourage youngsters to develop new ideas and create their own ventures as young people. This is likely to lower the number of people who are unemployed significantly and, as a result, give a major hit to the issue of youth anxiety.

In order to achieve this in a way, policymakers must recognize that spending on public services alone does not make a difference in the wellbeing of youth. These are the policy of states that have to be formulated to aid in encouraging young individuals their families as well as communities, to make investments on their own. The primary reason for creating policies that are youth-friendly is they aren’t as expensive as direct investments, however, they do require a significant amount of political compromise to make the policy work so that they are beneficial to every child in the nation.

In The Next Generation Nigeria report, the future of Nigeria is in an era that is experiencing rapid economic, demographic, and social changes. The report says that Nigeria is on the cusp of the biggest change in its history, with declining population growth and its baby boomers entering the workforce. In 2030, Nigeria will be among the few nations around the globe with young workers available in abundance.

The advantages of this for Nigeria are evident According to the study: If Nigeria keeps growing at the rate it has been as it improves education and health standards, and also creates jobs The standard Nigerian could be three times more wealthy by 2030 – and more than 30 million are lifted out of the poverty.

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However, the risks are just much greater than the potential If Nigeria is unable to prepare for the next generation the country is at risk of ethnic and religious conflicts and radicalization as a consequence of the increasing number of youth who are frustrated by the lack of work and opportunities. Nigeria must make 25 million more jobs in the next 10 years – and shift its focus away from oil, which makes up 40% of its GDP, yet employs only 0.15 percent of the people.

What can the government do to accomplish this?

Making the assets that dead Nigerian homeowners have been holding onto into capital that could quickly flow down creating thousands of skillful but untrained jobs, such as carpenters roofing contractors, plumbers, painters carpet installers, bricklayers, and so on. Develop or upgrade their mortgage industry, and establish an additional market for trading mortgage securities.

These homes are assets that could be turned into cash or capital. If the government could help the majority of Nigerian homeowners gain access to the capital that is locked up in their homes and homes, the Nigerian government can generate millions of Naira worth of capital immediately. This capital will be able to flow into the economic system and be reused multiple times, while also creating one million to 500,000 jobs.

According to a report published in 234next.com, Ismail Ridwan, an economist at the World Bank, said, “the amount of money needed for bringing Nigeria to one of the world’s top twenty economies in 2020 will have to be generated within the country.”

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Peter Osalor is a multi-skilled director and chairman of trusts. He is also a director and consultant. Peter Osalor has been a businessman who has been successful since 1992 when the company was founded by Peter Osalor & Co and it has since increased to a huge client base and an annual turnover of over a million dollars. The company is currently a fellow in the Association of Chartered Certified Accountants (ACCA) as well as the Institute of Chartered Accountants in Nigeria (ICAN). Peter is also a part of Chartered Tax Advisors and the Chartered Institute of Taxation in Nigeria (CITN).

He serves as a business mentor for the Princess Trust in the UK. He is an active part of ICAN’s Inter-Governmental Committee of ICAN and is also a part of BCBC which represents the Black Church Membership of Christians who are responsible for ensuring that Christian business owners are not left out of the business opportunities that result from the Olympic Games in 2012. Olympic Games In London.