Unemployment is a global phenomenon that is deep-seated in developing countries. Indeed, Nigeria, among other third-world States, is having more of the albatross than workable solutions.
Yet, unemployment projections of agencies, including that of the National Bureau of Statistics , are grim and unsettling. But beyond another highfalutin policy by the government, it is high time Nigeria comprehensively reviewed the challenges and prospects of sustainable solution across all tiers of government. A headcount of the unemployed through the Agora policy is good, but not enough.
Perhaps, in an attempt to develop a database of unemployed persons, the Federal Government, between April 17 and April 28, 2023, through the National Directorate of Employment carried out a registration exercise of unemployed persons in the 20 local government areas of Lagos State. These statistics may have informed the view of Agora Policy, a Nigerian think-tank in its policy memo that described unemployment as “undesirably high.
Again, many of the cottage industries are practically dead and a lot of local industries, mostly medium and small scale enterprises, often described as the engine for job creation, have been folding up since 1986 when the Structural Adjustment Programme was introduced. Today, many business enterprises have closed down. Among them are some 200 textile firms. And many more are still closing shop, leaving an army of despondent unemployed behind.
Government should play the role of enabler, facilitator, and regulator; helping the private sector grow, create jobs and generate wealth. Government should redirect its efforts to mainly providing a roadmap to productivity and basic services that will promote the enabling environment that would engineer growth in the real sector; and turning investment in infrastructure to employment creation.
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