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‘60% of Nigerian Graduates Are Unemployed’

15 Nov 2012

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NYSC corps members


Yinka Kolawole 
Director General of the National Centre for Technological Management, Dr. Willie Siyanbola, has disclosed that unless both government and private sectors generate over 2.5 million jobs yearly, about 60 per cent of Nigerian graduates will remain unemployed.

Speaking at a stakeholders’ sensitisation workshop on ‘Entrepreneurial Attitudinal Status’ in Nigeria’s tertiary institutions at the Obafemi Awolowo University (OAU), Ile-Ife, Siyanbola  said about five million Nigerians are either not productively engaged or unemployed; a situation which he said was sad.

Commending the Federal Government and some state governments’ intervention programmes to reduce unemployment rate in the country, the DG stated that the effects of the programme would take some time to be noticed. According to him, the issue of job creation should not be left in the hand of the government alone; stressing that job creation was a business for all.
His words “There will be no solution to unemployment in the country unless all the graduates embark on entrepreneurship. It is the only solution to unemployment in Nigeria. There are over 4.5 unemployed people in the country and I doubt if any government can cater for such number of people.”

“The private sector drives the economy of most advanced countries in the world. However, the private sector in Nigeria is like another arm of government. Our people lack the knowledge of investment and that is why the number of unemployed people is increasing,” he added.
In his remarks, the World Bank Country Coordinator, STEP B Project in Nigeria, Dr. Tunde Adekola, said the Bank would continue to partner the federal government, particularly in its transformation agenda at reducing youth unemployment in the country.

He said the federal government was particularly interested in youths because they are better transformed than the older generation, stressing that Nigerian youths should strive not to join the group of citizens who are already unemployed.

“We in the World Bank believe in knowledge. When you have knowledge money will flow. If you have money before knowledge, that is already a deficit and that is why we are campaigning against it,” he added.

Tags: Nigeria, Featured, Business, NYSC corps, OAU

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