Re: USA Africa Dialogue Series - #GEJAchievements in Job Creation: Addressing Structural Weaknesses

Officially unemp;oyment rate in Nigeria is about 20%. but unofficially it is 45%. If you have two unemployed graduates living with you in an urban setting like Lagos the pressure of unemployment feels even more than the latter.

Prof Felicia A. D. Oyekanmi
Department of Sociology
University of Lagos
Akoka, Yaba,
Lagos Nigeria
Tel: {234} 1 7941757
Cell: {234}8056560970

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On Thu, 15/1/15, olakassimmd via USA Africa Dialogue Series <usaafricadialogue@googlegroups.com> wrote:

Subject: Re: USA Africa Dialogue Series - #GEJAchievements in Job Creation: Addressing Structural Weaknesses
To: usaafricadialogue@googlegroups.com
Date: Thursday, 15 January, 2015, 20:23



What is the current unemployment rate in
Nigeria?
























---- Original Message
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From: Olusola Daniel <olusoladaniel316@gmail.com>


To: usaafricadialogue
<usaafricadialogue@googlegroups.com>


Sent: Thu, Jan 15, 2015 2:34 pm


Subject: USA Africa Dialogue Series - #GEJAchievements in
Job Creation: Addressing Structural Weaknesses



















Before
President Jonathan, the rate of unemployment was pegged at
23.9% in 2011 which
was further precipitated by the global economic recession at
that time. This
was the one of the major structural weakness of the
economy.





In
response to the high unemployment rate pegged at 23.9
percent in 2011, the
structural weaknesses of the economy and the increasing
number of people
entering the job market, President Jonathan encapsulated a
series of economic
policies and programmes in his Transformation Agenda in the
same year. The
Transformation Agenda is hinged on three pillars – fiscal
consolidation,
private sector-led inclusive growth and job creation.
Nonetheless, the
overriding objective of the Agenda is the creation of job
opportunities for
Nigerians such that everyone capable and willing to work
will be able to find
work.





Prior
to Jonathan administration, policies that necessitated the
foundation for
inclusive growth and Job creation were not
present.





President
Jonathan administration has emphasized sound macroeconomic
policies of low and
stable inflation, sustainable public finances and strong
external position. The
President Goodluck Jonathan administration views these
policies as the
necessary foundation for sustainable inclusive growth and
job creation in the
economy. Besides maintaining stability, many sets of reforms
have been carried
out in the last decade. Indeed, the recent growth trajectory
of the Nigerian
economy cannot be explained outside the tough but extremely
beneficial economic
reforms during the period. For instance, the 7 percent
growth per annum
recorded during the period, driven by non-oil sectors of the
economy, is faster
than the average growth rate for the Sub Saharan Africa
region at 5 percent.
The reforms pursued in the last decade were not only
extensive, but also
detailed and specific in addressing some critical and
structural weaknesses of
the economy.





Compare
#Nigeriab4GEJ













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Listserv moderated by Toyin Falola, University of Texas at Austin
To post to this group, send an email to USAAfricaDialogue@googlegroups.com
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Current archives at http://groups.google.com/group/USAAfricaDialogue
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