The effects of joblessness go well beyond the inability of individuals to meet his daily needs, the society also suffers when a large chunk of its citizenry are idle. The experts submitted that there is an urgent and strategic re-assessment of Nigeria’s economic growth to ensure that such growth addresses the challenges of unemployment and job creation in the country. Speaking further, Professor Odejide pointed out that the low employment-intensity of the economic growth process is directly linked to the structure of the Nigerian economy, which is heavily dependent on oil and gas. He added that this sector that is primarily responsible for generating economic growth is not labour intensive in terms of its production process. To this end, standard policies that are directed at promoting economic growth will not effectively respond to the challenge of job creation, he remarked.

Source: The Guardian July 31, 2018 05:15 UTC