Seye Joseph – @seyetweets
According to Trading Economics, – an online journal that report unemployment rate in countries around the world has it that unemployment rate in Nigeria increased to 7.50 percent in the first quarter of 2015 from 6.40 percent in the fourth quarter of 2014 with averaged percentage of 11.93 from 2006 until 2015 reaching an all-time high of 23.90 percent in the fourth quarter of 2011 and a record low of 5.30 percent in the fourth quarter of 2006.
It is in view of this that Young Business Leader, Nigeria has promised to create over a million jobs before the of 2016.
This was reveled when the program was launched in Lagos through the Founder, Ms..
Temitayo said that YBLN is a network of ‘young business leaders’ established to evolve creative methods of providing 1.2 million jobs in Nigeria to reduce the rate of unemployment by 3% by December 2016 and 25% by December 2020.
According to her, “Presently, over forty million Nigerians (40,000,000) of employable age are unemployed. This figure represents almost a third of Nigeria’s growing population”
She mentioned that the causes of unemployment include corruption, mental and financial poverty, lack of infrastructure and the lack of political will, while its far-reaching effects include political and pseudo-religious thuggery, restiveness, crime, poverty and social inequality.
She said that YBLN is a focused attempt at getting a large mass of young people off the sidelines and passionately, proactively involved in evolving and maintaining strategies and actions that would help reduce this untenable rate of unemployment rates in the country.
Temitayo, who is a 2014 Mandela Washington Fellow, said several feasible strategies had been mapped out to create opportunities for unemployed and under-employed people, who are willing to change their conditions.
She mentioned that there is an Aspiring Entrepreneurs programme which is a 8-weeks residential entrepreneurship training and development programme that would select and train a large number of young people with viable business ideas.
“This year, 30 promising and aspiring entrepreneurs would partake in the programme and would get the opportunities to start their own businesses”, she said.
She also mentioned the Employability Masterclass and Job School which is designed based on thesis that current educational system is fundamentally flawed and does not prepare graduates for the realities of the work place.
“What the Employability Masterclass will train, retrain, certify and recommend consistent participants of its classes to employers of labour without charging them a dime”, she said.
According to her, “On the other hand, the Job School will serve as a finishing school with practical coursework designed to offer on-the-job training to young people and teach skills that would be required to succeed in the work place in a practical setting”
She said the initiative would be funded from regular contributions by successful businessmen, adding that the money would be used to train jobless youths in employability skills and finance entrepreneurship ideas that are found business-worthy.
The event featured a discussion on unemployment, which had top business managers, including Mr George Etomi, Managing Partner of Etomi and Partners, Ms Doyin Odunfa, Chief Executive Officer of Digital Jewel and Mr. Uyi Akpata, Country Partner, PricewatersCoopers, as discussants. The Editor of Sunday Punch, Ms Toyosi Ogunseye, moderated the session.