Unemployment and the 2023 elections | The Guardian Nigeria News - Nigeria and World News

Without a doubt, the greatest issue affecting young people in Nigeria today is unemployment. The National Bureau of Statistics put youth unemployment at 53.4 percent as of December 2020, and the aggregate unemployment rate of 33.3 percent is the third-highest in the world. The direct impact is a surge in poverty levels. By the end…

There are several factors behind the problem of unemployment, including population growth outpacing economic growth, the inability of school curricula to equip students with skills for employment, inadequate industries to absorb competent graduates, dwindling level of foreign investment, and even reluctance of local investors to put money into production activities. Wealthy people now invest money in bonds or simply buy foreign exchange and keep it till the rates get higher.

The Buhari administration has failed to provide solutions to these core issues. Nigerians are right to feel angry and disappointed with the democratically elected president who once promised to reform our economy. Yet, we should feel optimistic as the 2023 general elections draw closer. We have an opportunity to recalibrate our nation’s trajectory by electing fresh leadership that has a record of delivering real solutions.

While one is still waiting to experience the contest of ideas on job creation, only one presidential aspirant has spoken to the issue at different fora. He is Dr. Abubakar Bukola Saraki, former Senate President and ex-Governor of Kwara State. During several interviews and interactions with stakeholders of the PDP, Dr Saraki has unfolded his agenda on job creation.

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