Nigeria Economy Not Creating Jobs For Young People - CSAE Report

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A report released by the Centre for the Study of African Economies (CSAE) has shown that the Nigerian economy is not creating jobs for young citizens.

“Mining can’t absorb large numbers of people and it is on the decrease. The sectors that contributed are the financial and the business sector which is also resilient to shock.

Mma mentioned the challenges that will affect the future jobs to include – poor infrastructure, lack of access to finance, corruption, skills gaps, land policies. Speaking, a lecturer with University of Nigeria Nsuka, Prof Emmanuel Nwosu said African countries have not been able to have a substantial value for their export that’s why the export is low.

Chief Research Economist, African Development Bank, Nigeria Dr Anthony Simpasa, said the bank is very clear on how they look at partnership that will unlock potentials adding that their partnership is on how to reduce poverty.“This programme will benefit all the sectors of the economy adding that the Bank has invested in that area.

Source: Financial Digest (financialdigest.net)

 

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