Causes of Unemployment In Nigeria

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4) The way secondary education prepares our youths strictly for tertiary or University education ignoring the needs of majority who may wish to terminate their education at secondary level to venture into more relevant non-academic types of education.

5) Imbalance in government revenue and expenditure leading to huge debts and deficits.

6) Inadequate training and education systems producing applicants with obsolete skills that are not in tune with the rapid technological change.

7) Shortage of raw materials due to high costs of production, leading to mass organization downsizing and laying-off of workers.

8) Some private sector companies’ attitude in taking advantage of the economic crisis to retrench workers even when they are making profit.

9) The policy of some companies to place a restriction or embargo on recruitment following any and every business downtime.

10) The use of youth corpers, casual workers, outsourcing, temporary/contract appointment as cheap sources of labor.

It is hoped that as Nigeria gradually emerges out of recession, the situation would improve and both government and the major private sector players would come up with a development plan that would revitalize the economy of Nigeria, and thereby provide relevant strategies for combating unemployment and poverty in Nigeria.