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JOB CREATION: Okowa Leads A New Way


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Caught in the web of governments’ choked capacity for direct employment and the slow pace of industrialization, especially in Africa, thousands of fresh school graduates join many more unemployed millions in the labour market, yearly.
The attendant poverty and disillusionment among youths have its effect on crime rate, social escapism and the recent craze for illegal emigration.
In Nigeria, successive federal and state administrations are trailed with garbages of failed attempts to provide solutions. Often poor in strategic designs, sometimes merely politically motivated, they focused on providing handouts which only go to sustain consumption, rather than inspire production.
Campaigns into the 2015 national elections dwelt so much on unemployment issues but, as we complete a four year circle, many governments at various levels seem to have disowned their promises with the National Bureau of Statistics, for instance, reporting 3.67m job loss by the 4th quarter of 2016 and a rise in unemployment from 7.51m by October 2015 to 11.19m by September 2016, with about 1.5m more people entering the unemployment bracket by the 2nd and 3rd quarters of 2016.
In 2017, job loss increased to 4.07m by the 3rd quarter and the unemployed rose further from 11.92 to 15.99m. Suffice to say these are just official figures on the formal sector as, no doubt, millions more are not captured.
The NBS noted that most affected are the youths, fresh graduates of ages 15 and 24 and older graduates of ages 25 and 34.
It has been globally demonstrated, that the way out for nations is to inspire job creation through self employment rather than have millions marching the streets for non available white collar jobs, but matters are not helped here by the educational curricula that pay little or no premium to technical and vocational skills, unlike in Asia, Europe and America where emphases in poly technical knowledge enables tens of millions of cottage, small and medium scale industrial and commercial enterprises which form the life wire of the advanced economies.
The difficulty in Nigeria is compounded by the stifling business and investment credit system that disconnects with the people and encumbers enterprise. Even when credit schemes have been initiated, they have ended up as mere tools for political patronage and conduits for corruption.

Courtesy: Fred Edoreh

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