Festus Keyamo has advised Nigerians to acquire skills. He emphasizes that waiting for government employment is no longer an option. He suggests that skill acquisition is crucial to tackle unemployment, and the government should create a conducive environment for small and medium-scale businesses to flourish. EKO HOT BLOG reports that the Minister of State for … Read more
By Philip Ibitoye Like a ravenous beast consuming everything in its path, Nigeria’s government continues to gobble up debt, with the Debt Management Office forecasting a possible N77 trillion debt by mid-2023. This is unsurprising to many citizens who are well aware of their government’s insatiable appetite for borrowing. Like a relentless wave crashing against … Read more
Peter Obi says Nigeria’s biggest wealth lies in the northern part of Nigeria and he’s willing to unlock it. Eko Hot Blog reports that Peter Obi, the presidential candidate of the Labour Party (LP), has said northern Nigeria houses the country’s biggest and sustainable wealth. EDITOR’S PICKS Peter Obi, Baba-Ahmed Visit Bandit Negotiator, Sheikh Gumi … Read more
Concerned about the high unemployment rate, the Federal Government said over the weekend that it is establishing job centers in each of Nigeria’s 774 local government areas and enhancing the Nigerian Electronic Labour Exchange to better connect job seekers with employers. Eko Hot Blog reports that in order to assist those who have not been … Read more
US Unemployment Rate Rises To 3.7% In August EKO HOT BLOG reports that American employers slowed the pace of hiring in August after the surprising surge in the prior month and the jobless rate edged up, according to government data Friday, which could offer the central bank some relief that its inflation-fighting efforts are … Read more
By Babatunde Kaka Lagos Agency for Mass Education holds mobilisation campaign in Epe, seeks end to unemployment in Epe She disclosed that the vocational training which would attract a certificate of competence recognised all over Nigeria has a time frame of 3, 5 or 9 months from 10:00 – 02:00 pm, thrice a week EDITOR’s … Read more
…they knocked the Federal Government for the increasing number of unemployed Nigerians. EKO HOT BLOG reports that the governors of the Peoples Democratic Party (PDP) have asked President Muhammadu Buhari to restructure Nigeria’s security architecture. The governors, who met in Port Harcourt, Rivers State on Monday, made their demand via a communique issued to journalists … Read more
The banner with the 33-year read, “Governor Gboyega Oyetola, I need a job – I want to be a responsible father”. A Nigerian graduate seeking for job on Monday took to the entrance of the Osun State Governors Office to express displeasure over difficulties in getting job. Oladayo Oyebowale, a Masters Degree holder and a … Read more
…insecurity and unemployment have never been “this bad” in Nigeria. A Former Vice President and PDP presidential candidate in the 2019 elections, Atiku Abubakar, has complained about the state of the nation under the leadership of the All Progressives Congress (APC). According to him, insecurity and unemployment have never been “this bad” in Nigeria. He … Read more
Nigeria’s unemployment rate is pegged at some 23.2 million people, the highest in at least 13 years, and the second-highest rate in the world Minister of State, Labour and Employment, Festus Keyamo, has said that Nigeria’s 33 per cent unemployment figure is indefensible and that the situation has been compounded by the COVID-19 scourge. According … Read more
…insecurity and conflict as well as the COVID-19 pandemic are responsible for the challenges The World Bank says Nigeria’s inflation rate is expected to rise to 5th highest in Sub-Saharan Africa by the end of 2021, behind only Zimbabwe, Zambia, South Sudan and Angola. The bank’s Lead Economist for Nigeria, Macro Hernandez, stated this on … Read more
There are also some positives in Nigeria’s economy depending on what aspect is being focused on – Adesina Despite being on the verge of becoming the country on earth with the highest number of jobless people — a development that is coming after topping the positions of worst developmental indices — the presidency has downplayed … Read more
The Governor of Ebonyi State, David Umahi, has asked Nigerian youths to forget about government jobs which according to him, adds no profit to their destiny. Umahi further blamed the increasing rate of kidnapping, armed robbery, bandits, cultism and killings in Nigeria on youths’ quest for quick wealth. The Governor of Ebonyi State, David Umahi, … Read more
A breakdown of the report shows that the total number of people with employment stood at 46.48 million while the underemployment rate was down by 20.6 percent at 15.91 million. Nigeria’s unemployment rate has increased from 27.1% to 33.3% in the fourth quarter of 2020. According to the Labour Statistics Report released by the National … Read more
Nigeria, Africa’s largest economy, now ranks third on a list of countries with the highest unemployment rate globally. The country’s unemployment rate hit a new record high at 33.3 per cent in fourth quarter (Q4) 2020 from 27.1 recorded in second quarter (Q2) 2020. According to the Q4 unemployment report released by the Nigerian Bureau … Read more
Stakeholders in the educational sectors and other aspect of the economy have raised alarm over Nigeria surging unemployment rate amid restless teeming youth. The stakeholders expressed their concern over the state of the nation vis-à-vis the ramifications of restless teeming jobless youth on the country at an event organised by the National Youth Council of … Read more
A data released by the National Bureau of Statistics on the nation’s unemployment rate after a 20-month interval has shown that the unemployment rate in Nigeria rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. The NBS, in its ‘Labor Force Statistics: Unemployment and … Read more
The 9th Senate has called for a diversified economy in the bid to curb the growing unemployment rate in the country. The Senate Leader Yahaya Abdullahi, disclosed this at a roundtable on solid mineral sector in Abuja on Tuesday. The roundtable is entitled: “Need for continuous implementation of policy reforms for the diversification of the … Read more
-Reps urge FG to bail out failed companies in order to tackle the rising unemployment -According to Reps, provision of employment will help to reduce Nigerians traveling to other African countries for job -Reps called on the federal government to improve the power sector in the country The House of Representatives has called on the Federal … Read more
African Centre for Global Entrepreneurial Leadership (ACGEL), is pulling together over $1trillion fund for job creation to fight unemployment in Nigeria over the next 10 years. The group said only interested applicants ready for its training and mentorship in fashion, agricultures, technology, housing, education and re-investment programmes stands to benefit from the first batch of … Read more