@csrf

17.04.2023 Featured 53% Youth Unemployment Makes Nigeria World’s Second Worst

Published 17th Apr, 2023

By Joseph Adeiye

Nigeria has the second highest number of unemployed youths in the world, a global youth unemployment index has shown. 

The Spectator Index, a news and finance compilation website, posted a 20-country youth unemployment list on Monday. 

Nigeria’s astronomical 53 percent youth unemployment rate makes it second to only South Africa, which has 61 percent youth unemployment. 

READ ALSO: UNICEF: 6,800 Children in Nigeria’s Northeast Have Experienced Abuse

The other countries on the list are Greece, 29 percent; Spain, 29 percent; Sweden, 23 percent; Italy, 22 percent; Iran, 19 percent; Turkey, 19 percent; Portugal, 18 percent; France, 17 percent; Belgium, 16 percent; UK, 10.8 percent; Norway, 10 percent; Ireland, 10 percent; Canada, 9.2 percent; Australia, 7.8 percent; US, 7.5 percent; South Korea, 7.2 percent; Germany, 5.7 percent; and Japan at 5.2 percent. 

Clem Ikanade Agba, the Minister of State, Budget and National Planning, told a technical working group (TWG) on youth employment and skill development in February that the population of Nigeria had reached an estimated 217,079,601. He agreed that the youth population accounted for 70 percent of the entire population with 151 million youths. 

“It is also estimated by (ILO) that 12.6 percent of youths in the global labor force are unemployed, amounting to about 74.6 million youths. In Nigeria, about 53.40 percent of youths are unemployed, according to youth unemployment rates released by the National Bureau of Statistics in 2022,” he said. 

READ ALSO: SPECIAL REPORT: In Ekiti, PWDs Pass Employment Exams, But Gov’t Won’t Give Them Jobs

Fifty-three percent of 151 million Nigerian youths are over 80 million unemployed, according to the National Bureau of Statistics (NBS). 

The federal government has said that it relies on international organisations such as the World Bank to help with youth employment policy recommendations.

Nigeria’s ability to create new jobs at a sustainable rate is yet to compensate for its population size.

Leave a Reply

Your email address will not be published. Required fields are marked *


Published 17th Apr, 2023

By Joseph Adeiye

Advertisement

Our Stories

Remembering Buhari, His WAI, His ‘Baba Go Slow’ Admission, His Many Election Losses

Muhammadu Buhari

‘I Will Drink to Buhari’s Death and I Don’t Even Drink’ — How Nigerians on X Are Reacting to Ex-President’s Passing

BREAKING: Oba Adetona Follows Ex-President Buhari After 65 Years As Awujale

Anambra Govt’s Official X Handle Promotes Soludo’s Son’s New Song ‘Big Flex’

Ikeja Electric Disconnects Lagos Customer Citing ‘Alien N350,127 Debt’

UPDATED: Ex-President Buhari Dies in London

‘This Wasn’t an Election’ — LP Candidate Describes ‘Fraud’ in Lagos LG Polls

MGA Travels CEO Wisdom Aibanbee Fails to Refund Customer’s N500,000 for Failed South Korean Visa

Why Nigeria’s Election Petition System Is Unconstitutional

Bandits

Boko Haram Rehab is Borno’s 7th Most Expensive Capital Project in 2025 Budget

Advertisement