Draft of paper 3 - Oluwatoyin Akinola April 6 2015 High...

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Oluwatoyin Akinola April 6, 2015. High Rate of Unemployment in Nigeria Unemployment in Nigeria is one of the most critical problems the country is facing. This topic has been a great burden in my heart since I came to the United States of America. I discovered that in America, almost everyone has his or her place of work to go, whether during the day or night shift. It seems any college student or even a high school student who is willing to work, has a daily or a weekly job they’re doing. On the other hand, t he incidents of unemployment in Nigeria in this century is alarming. The rates keep on rising without any appreciable effort to cushion the effects. Even among are graduates with a degree in Bachelors of Science or Technology, or Masters there is no good or even manageable job to be done. Hence, this paper offers a solution to the high unemployment rate in Nigeria. The high rate of unemployment has caused several problems in the country, for individuals, the government and the general public. Widespread poverty, youth restlessness, high rates of social vices and criminal activities are prevalent even among graduates because of their joblessness. Despite the fact that the country is endowed with diverse resources, both human and material, long years of negligence and adverse policies have led to the under-utilization of these resources. These resources have not been effectively utilized in order to yield maximum economic benefits. This is one of the primary causes of unemployment and poverty in Nigeria. Corruption has eaten up into the nerves of the leaders, and recently we heard of the missing or not unaccounted for twenty billion dollars at Nigerian National Petroleum Corporation. I believe this money could have been invested in infrastructures and aided businesses in creating more job opportunities in both public and private sectors. 1
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E. E Ekuri, F. O. Alade, M. Sule and F. N. Odigwe in Research in Education states that “The longer graduates stayed unemployed, the higher their perception of the value of entrepreneur education” (83). This study therefore, recommends urgent intervention in the sensitive sectors of the economy such as power, industry, and agricultural sectors in order to create employment opportunities. If it continues this way, P. S. O. Uddin says, there will be “Decline in quality of life largely on family income, insecurity, education and health care, nutrition, drastically reduced which ultimately lead to reduction in life span” (400). Also, the
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