Home News May Day 2019: Unemployment is still a major challenge in Nigeria

May Day 2019: Unemployment is still a major challenge in Nigeria

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WED, MAY 01 2019-theG&BJournal- The onus is on the government and other stakeholders to create jobs for Nigerians especially through creating an enabling environment for Small and Medium Enterprises (SMEs) to thrive, NOIPolls said today during the presentation of its 4-year average (2016-2019) public opinion polls on issues facing Nigerians.

Their findings revealed that employment remains among the top three areas Nigerians expected the government to focus its attention on over the period in view: Security (29 percent), Employment (28 percent) and the economy (21 percent).

‘’This will go a long way in ensuring that Nigerians explore various opportunities in tackling the issue of unemployment. Also, it is vital to reflect on workers’ welfare specifically on the issue of minimum wage as it plays an important role in income distribution as well as poverty rate.’’

Although the minimum wage in Nigeria has recently been increased from ₦18,000 to ₦30,000, this amount may be negligible in raising the standard of living of the beneficiaries considering the economic situation of the country.

 For instance, a public opinion poll conducted by NOIPolls on workers’ welfare in 2011 revealed that Nigerians believed that the minimum wage of ₦18,000 was inadequate, hence they clamoured for an upward review to ₦56,000 as at 2011. Again, while the Federal Government has signed the new minimum wage of ₦30,000 into law, it is important for an urgent implementation process.

‘’Job creation challenge in Nigeria can be effectively tackled through a strict adherence to and execution of the different strategies and policy framework that have been put in place to move the employment drive in the country forward,’’ the polling firm noted.

Some of these strategies and policy documents identified include the National Employment Policy (NEP) of 2002, the national action Plan on Employment Creation (NAPEC), National Youth Policy (NYP) of 2009 as well as the National Policy on Education (NPE).

Although the issue of unemployment is second on the list, this area has been one of the greatest challenges crippling the Nigerian economy as it has maintained an upward trend within the years in view.

According to the National Bureau of Statistics (NBS), the unemployment rate in the country increased from 22.70 percent in the 2nd quarter of 2018 to 23.10 percent in the 3rd quarter of 2018.

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