May Day 2019: Unemployment is Still a Major Challenge in Nigeria – Report

Must Read

GTBank Extends Banking Hours Till 6pm

Guaranty Trust Bank, GTBank has announced the extension of its banking hours till 6 pm today, Monday, 20 January...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Top 10 Most Expensive Universities In Nigeria

For many Nigerians, high-quality higher education is a luxury. There are many private universities who are known not only...
- Advertisement -
- Advertisement -

International Workers’ Day (also known as Labour Day or May Day) is observed on 1st May every year. It is celebrated across the world to promote and encourage the international labour associations while honouring the struggles of the working class and efforts of labour unions. The theme for this year’s Workers’ Day is “Uniting Workers for Social and Economic Advancement”.

In commemoration of this year’s Workers’ Day, NOIPolls presents a 4-year average (2016-2019) on public opinion polls on issues facing Nigerians. Findings revealed that employment remains among the top three areas Nigerians expected the government to focus its attention on over the period in view: Security (29 per cent), Employment (28 per cent) and the economy (21 per cent).

Although the issue of unemployment is second on the list, this area has been one of the greatest challenges crippling the Nigerian economy as it has maintained an upward trend within the years in view. According to the National Bureau of Statistics (NBS), the unemployment rate in the country increased from 22.70 per cent in the 2nd quarter of 2018 to 23.10 per cent in the 3rd quarter of 2018.

Read:  Q4, 2017: Personal Well-Being Index Increased to 64.3-Points - NOIPolls

May Day 2019: Unemployment is Still a Major Challenge in Nigeria - Report

In view of the Workers’ Day celebration, the onus is on the government and other stakeholders to create jobs for Nigerians especially through creating an enabling environment for Small and Medium Enterprises (SMEs) to thrive. This will go a long way in ensuring that Nigerians explore various opportunities in tackling the issue of unemployment. Also, it is vital to reflect on workers’ welfare specifically on the issue of the minimum wage as it plays an important role in income distribution as well as the poverty rate. Although the minimum wage in Nigeria has recently been increased from ₦18,000 to ₦30,000, this amount may be negligible in raising the standard of living of the beneficiaries considering the economic situation of the country. For instance, a public opinion poll conducted by NOIPolls on workers’ welfare in 2011 revealed that Nigerians believed that the minimum wage of ₦18,000 was inadequate, hence they clamoured for an upward review to ₦56,000 as at 2011. Again, while the Federal Government has signed the new minimum wage of ₦30,000 into law, it is important for an urgent implementation process.

Read:  Culture and Religion; Greatest Barriers for Nigerian Women in Politics - Report
Read:  Consumer Confidence Index Increased to 70.5-Points in Q4, 2017 - NOIPolls

In summary, as Nigerians join the world in celebrating Workers’ day, it is pertinent for the government to address issues pertaining to job creation and the welfare of Nigerian workers. Job creation challenge in Nigeria can be effectively tackled through strict adherence to and execution of the different strategies and policy framework that have been put in place to move the employment drive in the country forward. Some of these strategies and policy documents include the National Employment Policy (NEP) of 2002, the National Action Plan on Employment Creation (NAPEC), National Youth Policy (NYP) of 2009 as well as the National Policy on Education (NPE)

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Ride the wave of the African Continental Free Trade Area, AfDB President Adesina Urges United Kingdom (UK) investors

The Bank’s chief argued that Africa and the UK should be significant trading partners LONDON, United Kingdom, January 22, 2020,/...

Lekki/Ikoyi Bridge Cashless Policy: Sanwo-Olu commends Motorists, Encourages More Compliance

Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has commended motorists in Lagos for their role in ensuring the successful implementation of the cashless initiative...

Rising debt: A further cause for concern?

Nigeria has run budget deficits for decades, which have been primarily financed by new borrowings, Coupled with subnational borrowings has led to a growth...

Airtel Money and Western Union partner to facilitate mobile remittance service

London and Lagos, 22 January 2020: Airtel Africa plc (“Airtel Africa” or “Group”), a leading provider of telecommunications and mobile money services, with a...

More Articles Like This