Nigeria might have experienced strong economic growth between 2010-2015, but job creation did not keep up. Hence, unemployment and underemployment remain major problems, especially among young people.
In 2017, 23 million of Naija's youth, aged between 15 and 35, were either unemployed or underemployed. By 2030, this number could reach 91 million! In other to avert this, Nigeria needs to create 3.5 million quality jobs every year.
There are many factors hindering entrepreneurial development and job creation in Nigeria. These include:
Poor quality of education
Challenging business environment
Lack of access to finance
Access to credit
There is a need to prioritize adequate investment in the Nigerian youth, thereby making them a powerful force for socio-economic development.