Nigeria’s 80% youth unemployment rate indictment on leadership — Obi

Obi

The 2023 presidential candidate of the Labour Party, LP, Mr. Peter Obi, has described the recent ActionAid/Plan International report, which puts Nigeria’s youth unemployment rate at 80 per cent, as an indictment on Nigeria’s leadership and its economic direction. Obi noted that these figures represent over 80 million unemployed youths. This, he said, was a staggering reality given the country’s undeniably large population.

The former Anambra State governor said this on a post on his verified X handle.

He accused the President Bola Tinubu-led All Progressives Congress, APC, administration of failing in its responsibility of investing in our youths.

Obi said: “The recent ActionAid/Plan International report, which highlights the devastating fact that over 80 million young Nigerians are unemployed, is an indictment on our leadership and economic direction.

“Nigeria tops the world in the absolute number of unemployed youths due to our large population, with over 80/ million youths without jobs.

“South Africa with a youth unemployment rate of around 60 percent, translates to about six/ million unemployed youths, still more than 70/ million fewer than Nigeria.

“When millions of youths are unemployed, it is not a youth problem, it is a leadership failure. This is the direct result of political greed that has failed to serve the people.

“Nigeria has one of the largest youth populations in the world, with about 75 percent of our citizens under the age of 35. With such a large share of the population young, joblessness at this scale should be a national emergency.

“It is deeply troubling that, rather than invest in these youths as our most productive assets, promoting and supporting MSMEs to drive growth and create employment, we the leaders chose wasteful spending, corruption, unproductive borrowing, and policies that will shrink opportunities and expand poverty, reducing Nigerian youths to easy tools for all forms of vices. Vanguard