Unemployment in Nigeria

The problem of unemployment in Nigeria is the major problem seriously desturbing  the youths and there is no sign any solution would come by in the near future.

Although there are many factors and events that contributed to the problem of unemployment, for instance the president of Nigeria came out to say that you should not expect him to give you work, you are supposed to go and look it for yourself. He even called Nigerian youths lazy youths, but in reality Nigerian youths have never been lazy youths.

So many youths were disappointed by the president they didn't expect to hear that kind of statement from him because it was contrary to his campaign promises which he made that he would employ  five hundred thousand graduates every year.

To make things worst he increased the price of petrol devaluated the Nigerian currency which as a result caused overshoot in the prices of goods and services, so many company cut the number of their employees to maximise their profits.

Another factor that contributed to unemployment in Nigeria is that Nigerians are wicked and greedy  to one another rich people intentionally struggles with poor on limited employment opportunities in the government sector for their children, and this kind of situation leave no hope for the poor man's child because the rich would pay millions for his child to succeed against poor man child which his parent cannot pay equal amount.

Many of the Nigerian youths resorted to self employment but the problem of self employment is that you need money to start and the lack of money is a big challenge, apart from that even you got the money it would be not be enough, the economy of the country is bad.

The devaluation of naira have caused inflation which made the cost of production high the entrepreneur would have no option than to make the price of goods and services also high this drives away costumers because majority of the people are not working and have no money. 

There is what the previous government of Obasanjo did that is still creating the problem of unemployment, he said that he is changing Nigerian economic system from socialism to capitalism, the said government have no business in doing business in effect he sold hundreds of government companies that are providing employment to Nigerians for years to themselves, their girlfriends, their families and political allies and as a results all the companies collapsed.

They never know that only a competent manager can manage a company regardless of your race, tribe and religion. The fact that you have gone to the university doesn't make you a good manager of a company.

Our universities keep graduating thousands of students every year with no hope of getting employment, Nigerians are now ready to work for any price but they cannot even see the job.