WITHOUT doubt, there is a direct correlation between poverty and unemployment as poverty is naturally one of the consequences of unemployment.”
These were the words of Nigeria Employers Consultative Association, NECA, at its 62nd Annual General Meeting, AGM, in Lagos, few days ago.
Reading the speech of NECA’s President, Dr Mohammed Yinusa (written before his sudden demise), 2nd Vice-President, Mauricio Alarcon, said among others: “A huge population ordinarily is a panacea for economic advantage.
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However, this seems not to be so in our case. The National Bureau of Statistics’ report showed that youth unemployment rate averaged 23.63 per cent from 2014 until 2018, reaching an all-time high of 38 per cent in the second quarter of 2018.
It was, therefore, no surprise when it was reported that Nigeria overtook India as the country with the largest number of people living in…
Source: Vanguard Newspaper
