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Saturday, July 15, 2017

ALLEVIATING POVERTY AND UNEMPLOYMENT IN THE NIGERIAN ECONOMY


Theme: Alleviating Poverty & Unemployment in the Nigeria Economy.

Tag line: "Making Life Better For All Nigerians"


Category: Poverty Alleviation
TopicALLEVIATING POVERTY AND UNEMPLOYMENT IN THE NIGERIAN ECONOMY
Focus Area/Coverage: Nigeria in General

By: 

Ambassador Owodunni Aminat


Introduction:


In order to alleviate poverty and unemployment in the Nigerian economy, effective and innovative strategies are needed to successfully eradicate poverty and unemployment. These strategies must be those that would be of greater benefit to the masses and lower class citizens because they are the larger number of people.
Nigeria is blessed with enough land and mineral resources to become a great nation. Before the discovery of oil, agriculture has been our main source of revenue. Almost every household planted food crops in their homes and there were enough food for household consumption and excesses were taken to the market for sale. Every household should be encouraged to plant food and cash crops. The cost of owning a land in Nigeria now is too expensive because the government had focused more on industrialisation, thereby making land costly and less accessible to the masses that want to practise agriculture. Agriculture would be encouraged if the government makes land available to the masses. Agricultural orientation agencies should be set up to train learned and unlearned in our communities.

Statement of the Challenges:


Nigeria government had focused mainly on oil as the major source of internal revenue, we are blessed with mineral resources which include: limestone, timber, coal, gold, tin, rubber, chemicals, steel, food and cash crops, leather etc. Every state in Nigeria has at least one mineral resources, while some are found in more than one state. Nigeria citizens are not aware of the wealth of their nation in terms of natural and mineral resources due to the underutilisation by the private sectors in this area.

Recommended Solutions:


Improving access to electricity is vital for economic development. There is lack of proper policy in the Nigerian power sector. The government should get adequate data to properly estimate the customers to plan for. The government should also implement policies to foster the development of renewable energy in the country. A lot of industries have either collapsed or moved to nearby countries to get adequate electricity for continued survival. This had led to massive turn down of employed individuals, leaving them unemployed. If Nigerians have access to quality electricity, industrialisation will be improved, our industries will be more efficient, our natural and mineral resources will be efficiently and maximally utilised and this will attract foreign investors and boost foreign exchange.

The Nigerian education sector is in an ugly state. The youths are an important source of inspiration for the future, because they will become the leaders of our societies, businesses and nations. We live in a country where our youths would rather compete in immoral television shows to become stars than compete to get good grades. These youth are conditioned to believe that getting educated does not help them due to the alarming rate of unemployment in the country. The education sector, power sector and industrialization sector need to work hand in hand so as to improve the Nigerian economy. The education sector is not properly funded despite the enormous fees paid by our students. There is insufficient infrastructures in our schools, polytechnics and universities. Technology and laboratory equipments is either lacking or poorly maintained. The absence of steady electricity hinders science and technology education.
In the aspect of technology, our youths need to be invested in. students are made to pay huge sums of money to fund projects both at undergraduates and postgraduate levels. The impact of these projects have not been felt in the economy as we continue to import equipments made by other Industrial Trained students in developed countries. Nigerian universities produce lots of graduates yearly in science and technology courses such as pharmacy, geology, engineering among others, but these students lack skills to invent on their own. Universities and polytechnics that offer science and technologies should have industrial training sections within the school premises where they employ personnel to train students on skills and invention of equipments. This will make students more employable, it would also improve industrialisation and foreign exchange. Our education policy should be reviewed. Inventing and creating new ideas that would have an impact on the Nigerian economy should be a prerequisite to become a professor in any field. Skills acquisition programmes should be set up by the government. Acquisition of vocational skills would help to reduce the rate of unemployment in the country.

Conclusion: 


Lastly corruption is Nigeria’s biggest challenge. It is heart-breaking that our leaders and those appointed to fight corruption in the country are also victims of corruption. We are in a country where out of 100% funds, 70% of the funds are embezzled while the remaining 30% is not enough to fulfill the needs of the country. Until corruption is eradicated, poverty and unemployment will continue to be a problem in Nigeria.

Written By:
OWODUNNI AMINAT


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#NICAREER INITIATIVES: Committed to Positive Change & Development.

3 comments:

  1. Hi friends pls vote for me
    No 13 Ambassador Owodunni Aminat. God bless you as you vote

    ReplyDelete
  2. best of luck dear. you are born to win.

    ReplyDelete

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