These Are The major causes of unemployment in Nigeria.
Out of this massive number of people, there are many among them who remain unemployed. Data from the National Bureau of Statistics (NBS) shows that Nigeria’s unemployment rate as of the second quarter of 2020 is 27.1%, which means that about 21.7 million Nigerians are unemployed. The rate of unemployment in the country has been on the increase over the years. Some of the major causes of unemployment are:
1. Lack of acquired skills: According to the National Bureau of Statistics, about 13.9 million Nigerian youths are unemployed as of 2020. There are many youths in the country who do not have skills that will enable them to be self employed. With the high rates of unemployment in the country, the issue of acquiring skills is a need and not a want. There are many skills that can be acquired in Nigeria, some of them include: Digital marketing, social advertising, graphics designing, website designing, hair styling, barbing, manufacturing, construction, photography, fashion designing, etc.
2. Lack of skills acquisition courses in tertiary institutions: Nigeria has 308 degree awarding institutions which have an enrollment population of about 2 million and produce 600,000 graduates yearly (Source: www.allafrica.com). Out of the thousands of graduates that Nigerian tertiary institutions have produced, millions of them remain unemployed after graduation. One of the factors that contribute to this is the lack of skills acquisition courses in Nigerian tertiary institutions. If all tertiary institutions include skills acquisition courses as part of their curriculum, then graduates will not be left with the only option of seeking white collar jobs. They will not be forced to rely on the government for employment, because they have skills and they can start up their own business which will enable them to be independent, self reliant and self employed.