
News
Old Banknotes: Atiku accuses APC Govs of provoking anarchy
…says Govs inciting comments emboldening people to attack banks
•Protesting youths set banks, IBEDC, INEC offices ablaze in Ogun
The Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has accused governors of the All Progressives Congress (APC) of preparing the ground for anarchy in the country through their virulent utterances and outright confrontation posture over the naira redesign project of the Central Bank of Nigeria (CBN).
In a statement by his Special Assistant on Public Communications Mr. Phrank Shaibu, the PDP candidate, sympathised with Nigerians over the hardship they were facing over the naira scarcity, which was having unintended consequences.
Atiku’s accusation came as the ancient town of Sagamu, headquarters of Sagamu Local Government, area of Ogun State was yesterday morning, thrown into chaos as angry youths protesting the scarcity of the new naira notes attacked branches of four commercial banks and other public facilities in the town.

Following the nationwide broadcast by President Muhammadu Buhari, directing the recirculation of the old N200 and that the N500 and N1,000 should cease to be legal tender, the Kaduna State Governor, Nasir el Rufai made a counter broadcast directing the people of Kaduna to ignore the presidential broadcast and continue to do business with the old notes. He cited the Supreme Court interim injunction as reason.
Also following Rufai’s footsteps, was Kano State Governor, Abdullahi Ganduje who threatened that: “Any bank that refuses to accept old N500 and N1,000 notes will be destroyed. We will not tolerate such disobedience from any financial institution operating within our jurisdiction,”
Governor Ganduje further disclosed that the space of the destroyed banks would be used for building schools.
“We will convert the space of the destroyed banks into schools that will provide quality education for our children,” he had threatened.
Governor of Ogun State, Dapo Abiodun, also threatened that, “the Ogun State Government will be revoking the Certificate of Occupancy, of any corporation or store that rejects old naira notes from members of the public in the State in exchange for goods and services.”
Also, Governor Bello Matawalle of Zamfara had ordered the arrest of anyone who refuses to accept the old N500 and N1,000.
But Bayelsa State Governor, Senator Douye Diri and his Osun State counterpart, Senator Ademola Adeleke, yesterday sued for calm following the raging controversy over the naira redesign policy.
Adeleke also warned against hoarding of new naira notes by commercial banks, calling on the CBN to sanction financial institutions involved in such anti-people activities.
Atiku, however, said the inciting comments by some APC governors wherein they threatened to shut banks rejecting the old notes had emboldened rioters to burn down commercial banks.
He said Abiodun, who had threatened to revoke the certificate of occupancy of banks rejecting the old notes, was acting like a dictator, and this had evoked rebellious actions.
Atiku stated, “The president made it clear that the old N1,000 and N500 notes are no longer legal tender. Those who are dissatisfied with the President’s proclamation should go to court rather than resort to self-help. Two wrongs do not make a right.
“Governor Dapo Abiodun, who is the number one citizen of Ogun State, ought to know better. However, he has been threatening to revoke the C of O of banks that obey the President’s proclamation. This act of defiance has evoked rebellion, hence the riots and burning of banks in Sagamu, Abeokuta, and Mowe”.
Atiku, in the statement by his aide, knocked the All Progressives Congress (APC) chapter in Ogun State for distributing old notes to voters ahead of the election as seen in viral videos.
He added, “In viral videos all over social media, agents of Governor Abiodun could be seen sharing the old notes in envelopes branded with the governor’s picture, convincing the supporters that the notes remain legal tenders contrary to the CBN policy.
“It is obvious that Governor Abiodun’s concern has nothing to do with the pains of the people. It is only because of the inability of his party to buy votes. If we may ask, where did the APC in Ogun State get the old notes that are no longer in circulation? These are funds that were stashed for vote buying.”
He also noted that Governor Godwin Obaseki of Edo State had accused APC chieftain, Adams Oshiomhole, of sponsoring the riots in Benin, which he said was clear evidence that the APC was behind the riots.
“Oshiomhole is one of the biggest critics of the naira redesign policy. It is not surprising that Governor Obaseki, who is the chief security officer of the state, has established that Oshiomhole is behind the riots. The APC really needs to stop provoking these riots,” the statement added.
Shaibu also knocked Kaduna State Governor, Nasir ell-Rufai; and Abdullahi Ganduje of Kano State for trying to provoke civil disobedience in their states.
He said, “The APC and their governors do not love the masses. Their only grouse is their inability to buy votes because of this policy. Nigerians must not be deceived by these unscrupulous politicians.”
Atiku’s aide called on the Nigeria Police Force, the Department of State Services, and other security agencies to infiltrate the ranks of those staging riots with a view to identifying their sponsors.
He said the ultimate goal might be to force the Independent National Electoral Commission to postpone the election on the grounds of insecurity.
“With elections less than five days away, the ultimate goal of the sponsors of these riots may be the postponement of elections. We commend the military and the police so far for curbing some of these riots.
“However, we call on them to go a step further by identifying their sponsors” he said
Angry Youths set Banks, IBEDC, INEC offices ablaze in Ogun
At Sagamu, the headquarters of Sagamu Local Government, area of Ogun State, the violent protesters attacked branches of Union Bank, Keystone Bank, Polaris Bank and Access Bank. While branches of Keystone and Union banks, were burnt, the protesters, attacked branches of Polaris and Access banks.
Other public facilities burnt, were the office of the Independent National Electoral Commission (INEC), located within the Sagamu Local Government Secretariat while furniture and other property of the local government, were also burnt.
In addition, it was gathered that the protesters, also burnt the Sagamu office of the Ibadan Electric Distribution (IBEDC) while they also made bonfire on Sagamu/ Lagos/Benin Expressway.
The protest which was said to have begun in front of the palace of the Akarigbo of Remoland, Oba Babatunde Ajayi, spread to other parts of the town.
The angry youths had last Friday barricaded the Mowe axis of the Lagos-Ibadan expressway in protest of the naira scarcity.
A youth leader in the town, Kayode Segun-Okeowo, described the act as a, “motivated destruction and not a protest.”
“This is not a protest. I’m a comrade and understand the ABC of protest. It’s motivated to cause destruction.
“Those behind this must be stopped,” he said in a telephone interview.
He also confirmed that two commercial banks have been set on fire.
Meanwhile, the Akarigbo of Remo, Oba Babatunde Ajayi, has called for calm.
A statement signed by the Oba read: “Appeal to all to remain calm and peaceful as we continue to engage the Federal Government.
“This policy is not from the state or local government. Therefore, the destruction of lives and properties will only compound an already bad situation.
“I urge our people to continue to accept the old notes in line with the Supreme Court ruling. No person who accepts the old notes would lose out. I can assure you of that, and please hold on to that promise.”
Reacting to the situation, the Police Public Relations Officer (PPRO), for Ogun State Command, Abombola Oyeyemi, said normalcy has been restored in greater parts of the town.
Oyeyemi, said the Commissioner of Police for the State, Frank Mba, was personally leading police teams and some military men to tackle the situation.
News
Woman allegedly kills husband over plans to marry second wife
A woman identified as Bilkisu Sani has been arrested in Rogo Local Government Area of Kano State over the alleged killing of her husband, Hafisu Gausu, amid reported plans by the deceased to marry another woman.
According to reports, the incident occurred around 7pm on Friday, September 18, 2026, in the Katsalle area of Rogo town.
A resident, Auwal Kazagi Rogo, said residents rushed to the scene after hearing cries from Bilkisu, who reportedly claimed that her husband had been kidnapped and killed.
Kazagi said residents who arrived at the scene found Gausu with an injury to his head. He explained that contrary to the initial claim that the deceased had been slaughtered, residents allegedly found that he had been struck with an object.
He said the police were immediately contacted and subsequently evacuated the body for investigation.

According to the resident, Gausu had reportedly been planning to marry another woman as his second wife, a decision that allegedly led to repeated disagreements between him and Bilkisu.
Kazagi said the woman had allegedly vowed to prevent the marriage, prompting community elders to intervene in an attempt to resolve the dispute. However, tensions reportedly continued.
The police subsequently arrested Bilkisu as the prime suspect, while investigations into the circumstances surrounding Gausu’s death remain ongoing.
The deceased was buried on Saturday morning in Rogo in accordance with Islamic rites.
Reports indicate that Gausu and Bilkisu had been married for nearly seven years and had two children. Bilkisu is also reportedly pregnant for the deceased.
Sources in the community further claimed that Gausu had asked his prospective bride’s family to bring forward the wedding date by two months because of the reported disagreement with his wife.
The police have yet to conclude their investigation into the incident, and the allegations against Bilkisu remain subject to the outcome of the investigation and any subsequent court proceedings.
News
Nigerians already enjoying cheaper transportation, says Tinubu
…says more reductions in transport fares to begin October 1
…doubles down on petrol subsidy removal
President Bola Ahmed Tinubu has said Nigerians are already benefiting from reduced transportation costs in states that have adopted compressed natural gas (CNG) and electric-powered public transport systems.
The President, in a statement issued on Saturday, said more Nigerians should begin to experience measurable reductions in transportation costs from October 1 under the National Affordable CNG Transit Programme.
Tinubu said the initiative followed a meeting with the governors of the 36 states on August 27, where they agreed on the objective of reducing transportation costs.
He said an implementation committee had subsequently been established under the auspices of the Nigeria Governors’ Forum, chaired by Governor AbdulRahman AbdulRazaq.
According to him, the committee, PI-CNG & EV, state governments and other stakeholders were already working to identify priority transport corridors, determine appropriate interventions and put the necessary arrangements in place.

The President said the work had become more urgent amid the current global energy crisis, adding that developments across the country had shown what was possible when cheaper energy translated into lower transportation costs.
“In Borno, CNG-powered and electric public transport services are moving commuters for between ₦50 and ₦100 on routes where commercial operators charge between ₦300 and ₦600,” he said.
Tinubu stated that 100 CNG-powered buses in Kaduna were providing free transportation on major routes across the state and had carried about 3.2 million passengers in their first year, saving commuters more than ₦3.5 billion in transport costs.
He also cited the deployment of CNG buses to Pacesetter Transport in Oyo, where the Lagos–Ibadan fare was reduced from about ₦8,000 to ₦3,200 during the initial deployment.
In Adamawa, he said alternative-energy transit services had reduced fares by as much as 50 per cent, from ₦8,000 to ₦4,000.
Tinubu added that 100 CNG buses deployed in Enugu had reduced the Enugu–Nsukka fare from ₦2,500 to ₦1,500, while government-supported buses in Plateau were carrying about 13,000 commuters daily at ₦200, compared with more than ₦500 charged by commercial operators.
He said passengers using CNG-converted commercial vehicles on several Abuja commuter routes were also receiving a 40 per cent fare reduction through the Federal Government’s partnership with the National Union of Road Transport Workers (NURTW).
According to him, the Area 1–Gwagwalada fare had dropped from ₦1,500 to ₦900, Nyanya from ₦700 to ₦420, and Wuse from ₦400 to ₦240.
The President said passengers on the Suleja–Abuja route in Niger State were paying ₦550, compared with about ₦800 previously, while Abia State had deployed 40 electric buses with fares subsidised by 50 per cent.
“These are not projections. Nigerians are already experiencing these savings,” Tinubu said.
He commended governors and state governments that had moved quickly to implement cheaper-energy transport initiatives, but urged them to do more.
Tinubu said disruptions to global energy supplies were putting pressure on petrol and diesel prices and increasing transportation costs worldwide.
He said Nigeria could not control developments in global energy markets but could reduce its exposure as a gas-rich country.
“That is what we have been doing,” he said.
According to the President, his administration had over the past three years invested in building a CNG transportation ecosystem across the country.
He said more than 120,000 vehicles had been converted, while the country now had more than 400 certified conversion centres and over 90 CNG refuelling stations.
Tinubu said the government would not return to what he described as the “ruinous petrol subsidy regime,” which he said consumed trillions of naira and exposed the economy to movements in international oil prices.
He urged states to accelerate the development of cheaper alternatives and ensure that the savings from lower energy costs were reflected in transport fares paid by citizens.
The President noted that Edo State already had 50 CNG buses in active service, while Kano had converted more than 1,000 commercial vehicles and was expanding its conversion and refuelling network.
He added that Delta, Kwara and Lagos were expanding CNG-supported transport services, while Akwa Ibom had taken delivery of 50 CNG buses ahead of commercial operations.
Tinubu urged all states to sustain the momentum ahead of October 1 by working with transport unions and commercial operators, supporting vehicle conversion and fleet deployment and facilitating the infrastructure required.
“The Federal Government will continue to support the scaling of CNG infrastructure and access, expand conversion capacity, and create the enabling environment for states, transport operators, manufacturers and private investors to participate,” he said.
“Now we must move faster and scale this so more Nigerians feel those savings in the fares they pay every day,” the President added.
Editorial
Why Nigerian Graduates and Youths Are Jobless — and Increasingly Vulnerable to Crime and Other Vices
By Tony Edike
Nigeria is facing a youth employment crisis that goes far beyond the number of people officially classified as unemployed.
Every year, thousands of young Nigerians graduate from universities, polytechnics and other tertiary institutions with hopes of securing jobs, becoming financially independent and contributing to the economy. Instead, many spend months or even years searching for employment, while others accept poorly paid informal jobs that have little connection with their qualifications.
For some young people, the prolonged search for work has become a source of frustration, economic hardship and social vulnerability. Others have turned to entrepreneurship, freelancing, technology, migration and other legitimate alternatives. But there are also concerns that prolonged idleness, poverty and lack of opportunities can make some young people vulnerable to drug abuse, internet fraud, gambling, cultism, trafficking and other forms of criminality.
It is important, however, not to suggest that unemployment automatically causes crime. Crime and substance abuse have multiple causes, including family circumstances, peer influence, poverty, insecurity, weak social protection, drug availability and the broader economic environment. What the evidence shows is that Nigeria has a serious shortage of decent economic opportunities for its rapidly growing youth population.

The numbers tell the story
The latest National Bureau of Statistics labour-force figures illustrate the complexity of Nigeria’s employment crisis.
According to the NBS Nigeria Labour Force Survey for the second quarter of 2024, Nigeria’s overall unemployment rate stood at 4.3 per cent, while unemployment among young people was 6.5 per cent. The youth unemployment rate had been 8.4 per cent in the first quarter of 2024. Among people with post-secondary education, the unemployment rate was 4.8 per cent. (National Bureau of Statistics)
At first glance, these figures may appear surprisingly low for a country where graduates frequently complain about the difficulty of finding jobs.

Screenshot
But the explanation lies partly in the way unemployment is measured.
The NBS defines unemployment as the proportion of people in the labour force who are not employed but are actively searching and available for work. A person who manages to find a small informal job, works for himself or herself, or engages in another form of economic activity may therefore be classified as employed even if the income is inadequate to support a household.
This is why the question facing Nigeria is not simply “How many people have no job?” It is also “How many Nigerians have decent, productive and sufficiently paid jobs?”
Millions are working — but in poor-quality jobs
The World Bank has warned that Nigeria’s labour-market challenge is much broader than unemployment.
A World Bank analysis of Nigeria’s labour-force data found that only about 15 per cent of employed Nigerians were primarily engaged in paid wage employment or apprenticeships. It also found that more than three-quarters of employed Nigerians worked in establishments with fewer than five people.
The implication is significant: many Nigerians are technically employed, but the economy does not generate enough formal wage-paying jobs capable of absorbing graduates and workers with higher-level skills.
The World Bank also reported that about 13 per cent of employed Nigerians were working fewer than 40 hours a week while willing and able to work more, a sign of underemployment.
The International Labour Organisation similarly reported that 92.3 per cent of total employment in Nigeria was informal, while the proportion was about 98 per cent among young people in the data cited in its Nigeria labour-market analysis.
This means that the employment problem confronting Nigerian youths is not merely the absence of jobs. It is also the absence of quality jobs.
A rapidly growing youth population
Nigeria’s demographic structure makes the challenge even more urgent.
A World Bank analysis estimated that Nigeria has about 63 million young people aged 15 to 29, while approximately 5.5 million people become of working age every year. That number is projected to rise to about 6.1 million by 2030.
The same analysis found that more than one in four Nigerian youths were not in employment, education or training, while more than 92 per cent of employed young people were in the informal sector. (The World Bank)
This creates a fundamental economic problem: the number of young Nigerians entering the labour market is growing faster than the supply of productive opportunities capable of absorbing them.

The World Bank’s current country assessment also identifies Nigeria’s difficulty in absorbing millions of people entering the labour force each year as a persistent challenge, alongside weak job creation and limited entrepreneurial opportunities.
The graduate paradox
For Nigerian graduates, the situation can be particularly frustrating.
Young people are repeatedly encouraged to obtain university degrees as a route to economic advancement. Yet obtaining a degree does not guarantee employment.
The NBS Q2 2024 figures put unemployment among people with post-secondary education at 4.8 per cent. But the figure does not capture all graduates who are underemployed, working outside their fields, earning inadequate incomes or operating small informal businesses simply because they cannot find suitable wage employment.
The World Bank has previously identified a mismatch between the skills supplied by the education system and those demanded by employers. Its analysis noted that education helps people obtain wage employment but does not guarantee it, while many educated Nigerians remain outside productive, high-quality employment.
This creates what can be described as the graduate paradox: young Nigerians spend years acquiring qualifications, only to discover that the economy has not created enough positions requiring those qualifications.
1. The economy is not creating enough formal jobs
One of the fundamental causes is the structure of the Nigerian economy.
Nigeria has millions of micro and small businesses, but relatively few large companies capable of employing thousands of graduates in formal positions.
The World Bank has noted that more than three-quarters of employed Nigerians work in establishments with fewer than five people. It has also linked the limited growth of firms to problems such as inadequate finance and infrastructure.
Electricity costs, transportation problems, limited access to affordable credit, taxation pressures, exchange-rate volatility and other operating challenges can make it difficult for businesses to expand and employ more people.
The result is a vicious cycle:
small businesses → limited expansion → few formal jobs → more jobseekers → greater competition for available positions.
2. Skills mismatch
Another problem is the disconnect between what many young Nigerians learn in school and what employers need.
A degree may demonstrate academic achievement, but many employers also demand practical experience, digital skills, communication skills, technical abilities and industry-specific knowledge.
This puts young graduates in a difficult position.
Employers frequently demand experience, but graduates cannot acquire the required experience without getting their first meaningful opportunity.
At the same time, some employers report difficulty finding workers with the specific technical and practical skills they need.
Nigeria therefore faces a paradox in which young people are looking for jobs while some businesses are looking for suitably skilled workers.
The solution is not simply to produce more university graduates. It also requires stronger technical and vocational education, apprenticeships, internships and closer links between educational institutions and industries.
3. The dominance of informal employment
Nigeria’s informal sector provides an enormous economic safety valve.
Young Nigerians sell goods, repair phones, operate restaurants, drive commercial vehicles, work in agriculture, provide digital services, trade online and operate thousands of small businesses.
These activities are important and should not be dismissed.
But informal employment often lacks written contracts, pensions, health insurance, paid leave and predictable income.
The ILO reported that informal employment accounted for 92.3 per cent of total employment in Nigeria, while its analysis placed youth informal employment at about 98 per cent.
Thus, a graduate selling goods or providing services may be classified as employed even though the person remains economically insecure.
4. Lack of access to capital
For young Nigerians who want to create businesses instead of looking for employment, access to finance remains a major obstacle.
The World Bank has identified access to finance as a longstanding challenge for Nigerian micro, small and medium-sized enterprises.
The problem is important because a young entrepreneur with a viable business idea may still be unable to obtain affordable capital to purchase equipment, rent premises, hire workers or expand production.
Without capital, many young entrepreneurs remain at subsistence level rather than becoming employers.
5. Economic hardship is making survival more difficult
The employment crisis is occurring alongside a severe cost-of-living problem.
The World Bank’s October 2025 Nigeria Development Update said economic reforms had produced improvements in growth and macroeconomic indicators but warned that many households were still experiencing hardship, with poverty and food insecurity remaining high.
The World Bank’s May 2025 Nigeria Development Update similarly stressed that employment alone would not be enough to lift Nigerians out of poverty because the country needs more productive jobs, particularly wage-paying jobs.
For an unemployed graduate, this means that unemployment is not merely about lacking a monthly salary.
It can mean dependence on parents long after graduation, inability to marry or establish a household, inability to pay rent, inability to acquire professional qualifications and an increasing feeling of economic exclusion.
6. Frustration and vulnerability to social vices
This is where the employment crisis begins to have broader social consequences.
Young people need more than income. Employment can provide structure, purpose, social identity, independence and an opportunity to develop skills.
When large numbers of young people remain economically excluded for prolonged periods, some may become vulnerable to risky coping mechanisms.
These can include:
- internet fraud and other forms of cybercrime;
- gambling and betting;
- drug and substance abuse;
- cultism;
- trafficking;
- violent crime;
- political thuggery;
- irregular migration;
- prostitution and other exploitative activities.
However, unemployment should not be presented as the sole cause of these behaviours. The relationship is more complicated.
Family circumstances, peer pressure, drug availability, insecurity, poverty, social inequality, weak institutions and the expectation of quick wealth can all contribute.
Drug abuse is another warning sign
Nigeria’s substance-abuse problem provides evidence of the broader social pressures facing the population.
The National Bureau of Statistics and United Nations Office on Drugs and Crime’s national drug-use survey estimated that 14.4 per cent of Nigerians aged 15 to 64 — approximately 14.3 million people — had used drugs in the previous year, excluding alcohol and tobacco, based on the 2017 reference period. (UNODC)
Cannabis was the most commonly used substance, followed by pharmaceutical opioids, including drugs such as tramadol, and codeine-containing cough syrups.
The survey found particularly significant drug use among younger age groups for several substances.
Importantly, these figures are from the 2018 national drug-use survey and should not be presented as a current 2026 prevalence estimate. They nevertheless demonstrate the scale of the country’s substance-use challenge.
In July 2026, the Federal Government again described drug misuse as a complex public-health and development issue and cited the 2018 survey’s 14.4 per cent figure.
Cybercrime and the attraction of quick money
The growth of internet fraud has also become a major concern.
Nigeria’s cybersecurity policy recognises that cyberspace is being used for criminal activities that can damage individuals, businesses and the country’s economy. (:)
For some young people, the attraction is obvious: when conventional employment appears to offer low wages after years of education, while stories of sudden wealth circulate on social media, the temptation to pursue illegal shortcuts can become stronger.
But again, unemployment does not automatically produce cybercrime. Most unemployed young Nigerians do not become criminals. Many continue searching for work, start businesses, learn trades, migrate legally, pursue further education or survive through informal employment.
The appropriate conclusion is therefore that economic exclusion can increase vulnerability, but it is not a sufficient explanation for criminal behaviour.
The controversial “80 million unemployed youths” figure
One figure that has generated considerable attention is the claim that nearly 80 million Nigerian youths are unemployed.
The figure was reported in connection with the State of the Nigerian Youth Report 2025, produced by Plan International Nigeria in collaboration with ActionAid Nigeria. The report also said that approximately 1.7 million graduates leave Nigerian tertiary institutions each year, while the economy struggles to absorb them.

However, this figure should be handled carefully in news reporting.
It should not simply be presented as equivalent to the NBS’s official unemployment rate.
The NBS’s Q2 2024 unemployment rate was 4.3 per cent nationally and 6.5 per cent for youths under its labour-force methodology.
The much larger “80 million” figure comes from a different youth-population assessment and should therefore be attributed to the report rather than presented as the official NBS count of unemployed people.
That distinction is crucial because “unemployed”, “not in employment, education or training”, “underemployed” and “working in low-quality informal employment” are not interchangeable statistical categories.
A generation at risk of wasted potential
The greatest danger may not be unemployment itself but the prolonged loss of productive years.
A young graduate who spends five years searching unsuccessfully for meaningful employment loses valuable time that could have been used to acquire professional experience, build a business, develop technical skills or accumulate savings.
The same applies to young people who leave school without acquiring skills that the economy can use.
The problem therefore affects both the individual and the national economy.
Nigeria invests resources in educating its young people. If those young people cannot find productive opportunities afterwards, a significant part of that human-capital investment is not converted into economic output.
What needs to change?
Addressing youth unemployment requires more than announcing another empowerment programme.
First, Nigeria needs more productive businesses.
Government policy should make it easier for businesses to survive, expand and employ workers through better electricity, transportation, infrastructure, access to finance and predictable regulation.
Second, education must become more closely connected to the labour market.
Universities and polytechnics should strengthen practical training, internships, apprenticeships, digital skills and industry partnerships.
Third, technical and vocational education needs greater attention.
Not every young Nigerian needs to pursue a conventional university degree.
Electricians, plumbers, mechanics, welders, construction technicians, agricultural specialists, machine operators, software developers, healthcare technicians and other skilled workers are essential to a modern economy.
Fourth, young entrepreneurs need access to affordable finance.
A youth-enterprise policy that provides training without access to capital, markets and infrastructure will have limited impact.
Fifth, Nigeria needs better job-matching systems.
The Federal Government’s National Job Centre initiative is intended to improve job matching, career advisory services and connections between trained Nigerians and employment opportunities. The government has also introduced the Labour Employment and Empowerment Programme as part of its employment strategy.
Sixth, employment policy must address the informal sector.
The informal economy cannot simply be wished away. It employs millions of Nigerians.
The objective should be to help viable informal businesses grow into more productive enterprises while gradually expanding access to formal contracts, social protection, finance and worker protections.
Seventh, prevention of crime must go beyond policing.
Law enforcement remains important, but prevention also requires addressing the economic and social conditions that make young people vulnerable to exploitation.
Drug prevention, mental-health and social services, youth recreation, skills development, employment programmes and rehabilitation should complement law enforcement.
A problem Nigeria cannot postpone
Nigeria’s youth population can become one of the country’s greatest economic assets if young people are educated, skilled, employed and given opportunities to create businesses.
But a large youthful population without sufficient productive opportunities can also become a source of deep social pressure.
The evidence does not support the simplistic argument that unemployment automatically turns youths into criminals. What it does show is that Nigeria has a serious shortage of quality employment, a highly informal labour market, widespread underemployment, skills mismatches and a rapidly expanding population entering working age.
The real question, therefore, is not simply how many Nigerians are “unemployed.”
It is whether Nigeria can create enough productive, decent and sustainable opportunities for the millions of young people entering adulthood every year.
If the answer remains inadequate, the country risks wasting a generation of human capital — not because Nigerian youths lack ambition, but because the economy has not created enough avenues for that ambition to become productive work.
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