Unemployment still on the Rise

Nigeria’s unemployment numbers jumped by nearly 30 percent this year to 16 million, according to a November report by the National Bureau of Statistics; Another two million are expected to be unemployed by the end of the year, less than forty percent of Nigeria’s nearly 200 million people are fully employed. Many Nigerian youths hit the streets looking for a job every day, most seek employment years after graduation. They set out from their house in the morning not knowing where they are going to, they just have that hope, that belief, that they’ll find something. Nigeria overtook India this year as having the largest number of people living in extreme poverty – 87 million, according to the Washington-based Brookings Institution. Nigeria edged-out of its worst recession in nearly three decades last year, unemployment and poverty have yet to see a positive impact.  The major factors contributing to high unemployment Read More