NES26: Only 10% of young Nigerians in labour market have real jobs — Oby Ezekwesili
Oby Ezekwesili says deregulation of the economy is the solution to unemployment and underemployment.
ADVERTISEMENTOnly a tenth of the 2.5 to three million young Nigerian who enter the labour market annually find anything that meets the International Labour Organisation’s definition of a decent job,Oby Ezekwesilihas said.The former minister and presidential aspirant spoke on Monday at the 26th edition of the Nigerian Economic Summit.
She said deregulation of the economy is the solution to unemployment and underemployment and not a social investment programme.Speaking as one of the panelists discussing the country’s path torecovery, she said the telecom sector was not contributing to the nation’s GDP until it was liberalised and deregulated.
“Only 10 percent of the young people who enter the labour market of the nearly two and a half to three million of them would find anything that the International Labour Organisation defines as a decent job.“We should say to ourselves, where are the rest? What are they doing? A lot of the time, public officials don’t like deregulation. I remember when we did the one for the telecom sector, the then minister hated the economic team because it was the end of an era. headtopics.com
“Government officials, across Africa love where they can make the decisions because the decision point is the point of control and opportunity but to the detriment of the rest of society,” Mrs Ezekwesili said.She said the oil and gas sector would have contributed much more to the economy if it was liberalised and deregulated and not sat on by the president.
She noted that during the two recessions the country has had, when other sectors of the economy were going in the negative direction of contribution to growth, the unregularised telecom sector is holding the economy up. Read more: Premium Times »
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You can pass the IELTS exam in flying colours and get a permanent residency to Canada. DM for details on the high score formula for passing the IELTS exam Are they even up to 10 percent? This woman and her IMF-W/Bank policies again. What happened when they deregulated power sector? Do we now have light?
Mama you will not die in shame, consummated fact. So true. From the 10%, 7% are the sons and daughters of the elites while the remaining 3% are the privilege ones. Welcome to Nigeria my country Very correct. It's even less Is it not the govt that you served with introduced contract staff which has resulted to slavery of Nigerians in private sectors.
Then what is your own contribution to this, instead of you encouraging us to join the labour market are not part of the people using to gain recognition both in and out of the country Wetin You take use conclude to this?🙄