100M Nigerians may be jobless in 2050 – UN

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According to the United Nations System in Nigeria, the nation could have an additional nearly 100 million unemployed people by 2050 and even deeper levels of inequality, if it fails to create  productive youths capable of sustaining its future economic growth. Demographers project population of unemployed to 185.6m by 2050, up from 85.7m in 2011—at a rate of 25m per decade— but say Nigeria can head off a “demographic disaster” with active policies to ensure it attains “demographic dividend.” according to report from Daily trust. Planning Minister, Abubakar Olanrewaju said the ideal is a shift in population structure that could allow the country “break away from the cycle of high birth and death rates into a regime of low birth and death rates” and industrialise the economy.

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Olarenwaju who spoke as experts met in Abuja to consider Nigeria’s options of attaining demographic dividend, said economic and social policies should include “openness to trade, flexible labour markets and investment in human capital, including education and public health.” According to the UN resident coordinator Daouda Toure, “opening the demographic window in this country can be fast-tracked by leveraging on the country’s leadership to mobilize political interest and catalyse action to harness the demographic dividend.” He said Nigeria needed homegrown strategies to fasttrack perceptible demographic transition and create a productive youth…Read more at TODAY

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