Federal government has decried the alarming rate of unemployment in the country and stressed the urgent need to tackle it.
Minister of Labour and Employment, Dr. Chris Ngige stated this at the Validation of Draft Review National Employment Policy, organised by the Labour Ministry and International Labour Organisation (ILO)
“Nigeria unemployment rate is said to have reached 13.3% in second quarter of 2016. This is up from 12.1 per cent in the first quarter, reaching the highest since 2009.
“During the same period, the number of unemployed persons rose by 12.1% to 10.644 million. Youth unemployment also increased to 24% from 21.5%.”
“The current unemployment records are clearly unacceptable. No nation develops by leaving out such huge percentage of the human resources from national development processes.”
“The concern is urgent due to association of youth idleness with perennial violent crimes in different parts of the country. This poses great challenge to socio-economic stability.”
Nigeria Needs 50m Jobs To Tackle Unemployment -FG
Ngige also disclosed that Nigeria needs to create 50 million jobs between now and 2030. This will reduce unemployment, improve standard of living, increase productivity and boost societal peace and cohesion.
According to the minister, the is a serious need to engage a larger percentage of the productive age, 15 to 64 years, in safe, fairly remunerated and sustainable means of livelihood either as wage earners or self-employed, while preserving existing gainful employment.