There are More Jobs in Nigeria than the Available Job Roles

Why Jobs in Nigeria is at least double what we have today.

According to PwC Nigeria Economic Alert report September 2020 and Nairametric economic report which all took their values from NBS 2020 Bulletin, we have approximately 35 million Nigerians in full-time employment, and 23 million under-employed making a total of 58 million employed individuals leaving 22 million unemployed from an estimate of 80 million labour force (Q2, 2020).

Without any mathematics, I believe we already have enough jobs if firms in Nigeria can quit the lean team approach.

We cannot hide from the reality of Ghost Workers in Nigeria's Public Sector.

Releasing the ghost jobs to living citizens and organization recruiting as much as needed to run an effective team can change the unemployment statistic significantly.

From my conversations with friends and colleagues who have worked and still work in the developed economies, as well as my experience over the years, I have seen several situations where one person is being made to do the work of a team.

We set Team's target for individuals and yet expect them to outperform the targets.

E.g. what you find mostly in the Data space is having 1 or 2 people doing the work of a team or unit. You end up having these individuals doing so much and making fewer impacts because they have to step into domains they are have limited knowledge and experience just to get the work done. most time, the results come up burnt.

I believe if Nigerian firms decide to let go of a lean team - which oftentimes doesn't produce the best result, and create the roles as they should, we will record more growth across industries.

More Interesting Stats:

• 41% of the labour population with a bachelor's degree are without employment.
• In a surprising data, out of the 35.5 million Nigerians that are fully employed, 28.8 million of them never attended school (6.29 million) or did not have a tertiary education (22.5).
• In fact, the most fully employed people in Nigeria with SSS (Senior Secondary School certificates) are a whopping 13.2 million
• The unemployment rate among bachelor's degree holders is higher than the 18% for people with vocational skills.
• The unemployment rate for people with vocational skills is also lower than people with master's (23%) and doctorate degrees (23%).

This simply indicate that University Degree does not guarantee a gainful employment in Nigeria

There is the fear of not understanding how increasing the workforce will drive growth in an economy where cost is on the high side and revenue dwindling.

Let me know your thought in the comment section.

Sources

https://www.pwc.com/ng/en/assets/pdf/economic-alert-september-2020.pdf

https://nairametrics.com/2020/08/14/breaking-nigeria-unemployment-rate-jumps-to-27-1/#:~:text=The%20total%20number%20of%20people,rose%20to%2023.2%25%20from%2058%2C527%2C276.&text=The%20unemployment%20rate%20during%20the,%25%20recorded%20in%20Q3%2C%202018.

#nigeria #unemployment #jobvacancy