LSF | CDP
The unemployment rate in Nigeria increased to 14.2 percent in the last quarter of 2016 from 10.4 percent a year earlier. It is the highest jobless rate since 2009 as the number of unemployed went up by 3.5 million to 11.549 million.
The unemployment rate was higher for persons between 15-24 years old (25.2 percent), women (16.3 percent) and in rural areas (25.8 percent).
Tackling youth unemployment is key to improving our economy. Young people are three times more likely to be unemployed than the rest of the working population. This is not a new issue, nor one confined to Nigeria.
Finding a first job and starting a career has always been a difficult process. Young people may have good qualifications, but they don’t have the same track record and life skills as older people with years or decades of experience behind them.
The LSF|Career Development programme aims to ensure that potential employers are engaged with young people and schools, so there is more familiarity with the world of work throughout the education system. This can include work experience, career advice, mentoring and community youth initiatives supported by businesses. In the early stages of their education, young people need to see the positive opportunities available in the business world.
In July 2017, we kicked off the LSF|Career development program to help university students and graduates prepare for entry level jobs. We ran a five week programme (every Saturday), giving participants access to high level executives and entrepreneurs to learn and acquire skills for working within an organisation or starting their own business.