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Nigeria’s youth unemployment threatens economic freedom and national stability

Protesters calling for an end to bad governance and economic hardship in August

BY SODIQ ADENIJI

Nigeria, the most populous country in Africa, faces a youth unemployment crisis. In 2023, the National Bureau of Statistics (NBS) estimated that with over 60 percent of Nigeria’s population under 30 years old, about 33 percent of that demographic is unemployed. This alarming figure reflects the harsh realities that millions of young Nigerians face daily and paints a troubling picture of a country full of potential but held back by a lack of chances for its young people. Vocational training, entrepreneurial opportunities, and internships are crucial to addressing Nigeria’s employment challenges.

Youth unemployment hinders Nigeria’s economic development, exacerbates poverty, and threatens the country’s social stability. The widespread joblessness stifles innovation, productivity, and growth, leading to a ripple effect that weakens the economy. The lack of decent employment opportunities in the country denies youth their right to a proper standard of living, thereby putting many into low-paying, informal jobs or criminal activities. This frustration feeds into rising crime rates, insurgency, and social unrest, as seen in the #EndBadGovernance protests, where young Nigerians took to the streets, not just against the government but against the systemic failures limiting their opportunities.

Nigeria’s high youth unemployment stems largely from a major skills gap, with industries struggling to find adequately trained workers for key roles, especially in technical and vocational fields. Many young Nigerians enter the job market lacking the specific skills that today’s employers need, creating a mismatch that keeps many positions unfilled. By investing in targeted training and equipping youths with the right competencies, Nigeria could bridge this gap, reduce unemployment, and strengthen its economy. With a skilled workforce, industries would grow faster, and young Nigerians would secure better job opportunities, leading to greater economic stability and personal growth.

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To address this gap, the Nigerian government needs to work with universities, polytechnics, and vocational training centres to update curricula, focusing on skills that align closely with job market demands. This collaboration should also involve industry experts to ensure training meets current workforce needs. Nigeria can look to Germany as a model, as its vocational training system effectively combines classroom learning with hands-on industry experience. Germany’s approach prepares students with specific technical skills that employers require, reducing unemployment and creating a highly skilled workforce. By adopting this model, Nigeria can equip its youth with practical skills, leading to better job readiness and a stronger economy.

The rise in youth unemployment has coincided with increased criminal activities, including armed robbery, kidnapping, and internet fraud. With the right support, young Nigerians can create jobs for themselves and others. However, access to capital remains a significant barrier. According to the Global Entrepreneurship Monitor (GEM) report, over 70 per cent of Nigerian startups fail within the first five years, often due to a lack of funding and mentorship. The government should create more youth-focused seed funding programs that provide young entrepreneurs with the initial capital needed to launch innovative startups.

By investing in these early-stage ventures, the government can empower young people to turn their ideas into viable businesses, ultimately boosting economic growth and job creation. Alongside seed funding, the government should also offer tax incentives to startups. These incentives can include reduced tax rates, tax breaks, or temporary tax exemptions, making it easier for startups to reinvest profits into their operations and growth. Additionally, the government should consider creating support networks, mentorship programs, and training workshops to help these entrepreneurs navigate challenges.

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Private-sector collaboration is also crucial in addressing Nigeria’s youth unemployment crisis. Businesses, especially in key industries such as technology, manufacturing, and agriculture, need to participate in workforce development initiatives actively. Companies can provide internships, apprenticeships, and on-the-job training opportunities to young people, equipping them with practical skills and experience that align with current job market demands.

Furthermore, private-sector organizations should partner with educational institutions to help shape curricula that focus on relevant, industry-specific skills. By offering insights into what skills are needed for emerging roles, companies ensure that schools and training centres are producing graduates prepared for available jobs.

The NBS reported that only 27 percent of Nigerian graduates acquired practical skills during their education.  When a large percentage of graduates lack practical skills, they enter the job market unprepared, which leads to high unemployment rates among youth. This situation not only affects the individuals who struggle to find meaningful work but also hinders overall economic growth.

Unprepared graduates contribute to a cycle of poverty and social instability, as young people without jobs may face frustration and disillusionment. Moreover, when employers cannot find suitable candidates for open positions, they often resort to hiring from outside the country, resulting in a brain drain that further weakens Nigeria’s economy.

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The country’s vast human resources, particularly its youths, should be its greatest asset. Without immediate and sustained interventions such as vocational training, business development assistance,  and internship programs, Nigeria risks dire social and political consequences.

Sodiq Adeniji is a writing fellow at African Liberty.



Views expressed by contributors are strictly personal and not of TheCable.
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