• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
World Bank To Invest $150bn In Africa In 5 Years

Nigeria Facing Severe Crises Of Joblessness – World Bank

5 years ago
UN Votes In Support Of Reparations, Apology Over Enslavement Of Africans

UN Votes In Support Of Reparations, Apology Over Enslavement Of Africans

2 hours ago
Ghana, EU Sign Defence Pact

Ghana, EU Sign Defence Pact

3 hours ago
Life Expectancy In Nigeria Remains Below Global Standard At 54.6 Years

Only 6% Of Nigerians Feel Financially Secure Despite Easing Inflation, Survey Finds

3 hours ago
Putin Assures “African Friends” Support To Fight Terrorism, Food Shortage

Russia Angered Over Strike On Iran’s Nuclear Plant Site

5 hours ago
South Africa: Court Summons Police Chief Over Controversial $21m Contract Deal

South Africa: Court Summons Police Chief Over Controversial $21m Contract Deal

5 hours ago
Thursday, March 26, 2026
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Zimbabwe: Cabinet Moves To Extend 83-Yr-Old Mnangagwa’s Tenure Beyond 2028

    Zimbabwe: Opposition Figure Challenging Mnangagwa’s Tenure Extension Arrested

    Madagascar: Ministerial Applicants To Undergo Compulsory Lie Detector Tests — President

    Madagascar: Ministerial Applicants To Undergo Compulsory Lie Detector Tests — President

    Congo: Voting Ends As Observers Report Low Turnout

    Congo: Voting Ends As Observers Report Low Turnout

    French Foreign Minister Visits CAR To Renew Ties

    French Foreign Minister Visits CAR To Renew Ties

    Opposition Leader, Bobi Wine Flees Uganda, Cites Rising Threats

    Opposition Leader, Bobi Wine Flees Uganda, Cites Rising Threats

    35-Year-Old Rapper Set To Become Nepal’s Youngest Prime Minister

    35-Year-Old Rapper Set To Become Nepal’s Youngest Prime Minister

    Nguesso Set To Extend 4-Decades Rule As Congo Republic Votes Sunday

    Nguesso Set To Extend 4-Decades Rule As Congo Republic Votes Sunday

    Trump Says Appointment Of New Iran’s Supreme Leader “Big Mistake”

    Trump Says Appointment Of New Iran’s Supreme Leader “Big Mistake”

    Trump Threatens 25% Tariffs On iPhones Not Produced In US

    Trump Says New Iran’s Leader Can Only Last With Washington’s Approval

  • Economy
    Life Expectancy In Nigeria Remains Below Global Standard At 54.6 Years

    Only 6% Of Nigerians Feel Financially Secure Despite Easing Inflation, Survey Finds

    Senegal Exceeds Target, Raises $644 Million From Local Bond

    Senegal Denies Secret €650m Loan Deal, Defends Debt Strategy

    Russia’s Damaged Tanker To Be Moved From Mediterranean To Libya Port

    Russia’s Damaged Tanker To Be Moved From Mediterranean To Libya Port

    Ethiopia Revives Stock Exchange After 50-Year Hiatus

    Ethiopia Identifies Currency Swings, Inflation As Key Economic Threats

    Musk Offers To Offset Salaries Of US Airport Security Officials

    Musk Offers To Offset Salaries Of US Airport Security Officials

    Middle East Crisis Leaves African Airlines Battling Skyrocketing Running Costs

    Middle East Crisis Leaves African Airlines Battling Skyrocketing Running Costs

    Vessel Carrying Fuel Originally Bound For Cuba Diverts To Trinidad

    Vessel Carrying Fuel Originally Bound For Cuba Diverts To Trinidad

    Nigeria, UK Sign £746m Deal To Revive Tin Can, Apapa Ports

    Nigeria, UK Sign £746m Deal To Revive Tin Can, Apapa Ports

    Nigeria: ExxonMobil, Shell, Others Agree To End Lawsuits Against NNPC Over Oil Contracts

    Nigeria: Anti-Graft Agency Returns ₦4bn Recovered Funds To NNPC

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Zimbabwe: Cabinet Moves To Extend 83-Yr-Old Mnangagwa’s Tenure Beyond 2028

    Zimbabwe: Opposition Figure Challenging Mnangagwa’s Tenure Extension Arrested

    Madagascar: Ministerial Applicants To Undergo Compulsory Lie Detector Tests — President

    Madagascar: Ministerial Applicants To Undergo Compulsory Lie Detector Tests — President

    Congo: Voting Ends As Observers Report Low Turnout

    Congo: Voting Ends As Observers Report Low Turnout

    French Foreign Minister Visits CAR To Renew Ties

    French Foreign Minister Visits CAR To Renew Ties

    Opposition Leader, Bobi Wine Flees Uganda, Cites Rising Threats

    Opposition Leader, Bobi Wine Flees Uganda, Cites Rising Threats

    35-Year-Old Rapper Set To Become Nepal’s Youngest Prime Minister

    35-Year-Old Rapper Set To Become Nepal’s Youngest Prime Minister

    Nguesso Set To Extend 4-Decades Rule As Congo Republic Votes Sunday

    Nguesso Set To Extend 4-Decades Rule As Congo Republic Votes Sunday

    Trump Says Appointment Of New Iran’s Supreme Leader “Big Mistake”

    Trump Says Appointment Of New Iran’s Supreme Leader “Big Mistake”

    Trump Threatens 25% Tariffs On iPhones Not Produced In US

    Trump Says New Iran’s Leader Can Only Last With Washington’s Approval

  • Economy
    Life Expectancy In Nigeria Remains Below Global Standard At 54.6 Years

    Only 6% Of Nigerians Feel Financially Secure Despite Easing Inflation, Survey Finds

    Senegal Exceeds Target, Raises $644 Million From Local Bond

    Senegal Denies Secret €650m Loan Deal, Defends Debt Strategy

    Russia’s Damaged Tanker To Be Moved From Mediterranean To Libya Port

    Russia’s Damaged Tanker To Be Moved From Mediterranean To Libya Port

    Ethiopia Revives Stock Exchange After 50-Year Hiatus

    Ethiopia Identifies Currency Swings, Inflation As Key Economic Threats

    Musk Offers To Offset Salaries Of US Airport Security Officials

    Musk Offers To Offset Salaries Of US Airport Security Officials

    Middle East Crisis Leaves African Airlines Battling Skyrocketing Running Costs

    Middle East Crisis Leaves African Airlines Battling Skyrocketing Running Costs

    Vessel Carrying Fuel Originally Bound For Cuba Diverts To Trinidad

    Vessel Carrying Fuel Originally Bound For Cuba Diverts To Trinidad

    Nigeria, UK Sign £746m Deal To Revive Tin Can, Apapa Ports

    Nigeria, UK Sign £746m Deal To Revive Tin Can, Apapa Ports

    Nigeria: ExxonMobil, Shell, Others Agree To End Lawsuits Against NNPC Over Oil Contracts

    Nigeria: Anti-Graft Agency Returns ₦4bn Recovered Funds To NNPC

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Nigeria Facing Severe Crises Of Joblessness – World Bank

July 23, 2021
in Top Stories, World
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

 

By Emmanuel Nduka

Relatedreading

UN Votes In Support Of Reparations, Apology Over Enslavement Of Africans

Ghana, EU Sign Defence Pact

A report by the World Bank has indicated that Nigeria is currently facing a severe job crisis that puts pressure on irregular migration for Nigerians, who are seeking to leave the country. 

The World Bank disclosed this in its latest report titled, ‘Of Roads Less Travelled: Assessing the Potential for Migration to Provide Overseas Jobs for Nigeria’s Youth’, published on its website this week.  

According to the report, between 2014 and 2020, Nigeria’s working-age population increased from 102 million to 122 million, growing at an average rate of approximately 3 percent per year. 

“Nigeria is facing one of the most acute jobless crises in recent times. Between 2014 and 2020, Nigeria’s working age population grew from 102 million to 122 million, growing at an average rate of approximately 3 per cent per year.

“Similarly, Nigeria’s active labour force population, i.e., those willing and able to work among the working age population, grew from 73 million in 2014 to 90 million in 2018, adding 17.5 million new entrants to Nigeria’s active labour force.

“Since 2018, however, the active labour force population has dramatically decreased to around 70 million—lower than the level in 2014—while the number of Nigerians who are in the working-age population but not active in the labour force has increased from 29 million to 52 million between 2014 and 2020,” the report stated.

It also added that the expanding working age with scarce employment opportunities is creating high rates of unemployment, particularly for Nigeria’s youth, just as it stated that there was a fivefold increase in the unemployment rate between 2010 and 2020, from 6.4 percent in 2010 to 33.3 percent in 2020.

The Washington based institution also added that the poor combination of the rising unemployment, booming demographics, and unfulfilled aspirations is increasing the pressure on young Nigerians to migrate in search of gainful employment overseas.

“Unemployment is considered to be a key driver of migration. The number of first-time asylum seekers from Sub-Saharan Africa and Nigeria to Europe peaked in 2016, at the height of the European migration crisis, before subsiding in late-2017 (Figure ES.3). Nigerians represented the largest group of migrants from Sub-Saharan Africa to arrive in Europe in 2016 and 2017. Nearly 40,000 Nigerians arrived in Italy in 2016 with over 90 percent arriving via sea routes,” it said.

The report urged that by expanding legal pathways for migration and implementing supporting measures to reap dividends from current migrants in the diaspora, Nigeria can further benefit from international migration.

“Nigeria’s institutions are well-placed to promote managed migration approaches that help create opportunities for prospective Nigerian jobseekers to find employment internationally and can be supported to help design schemes that increases the returns to human capital investments for Nigerian youth,” it said.

“One consequence of inaction to the rising migratory pressure has been the increase in irregular migration to Europe which has resulted in Nigerian migrants facing not only higher economic costs but also physical and psychological abuse along the transit corridors in Niger and Libya,” it warned.

“Reducing the cost of sending remittances to Nigeria directly benefits Nigerian households as it provides more resources for them to invest in their households and in the economy,” it added. 

 

Tags: Illegal MigrationJoblessnessNigeriaWorld Bank
ShareTweetSend
Previous Post

Boat Conveying 45 Migrants Sinks In Southwest Turkey

Next Post

OFFICIAL: Sancho Signs For Manchester United

Related Posts

UN Votes In Support Of Reparations, Apology Over Enslavement Of Africans

UN Votes In Support Of Reparations, Apology Over Enslavement Of Africans

March 25, 2026
Ghana, EU Sign Defence Pact

Ghana, EU Sign Defence Pact

March 25, 2026
Life Expectancy In Nigeria Remains Below Global Standard At 54.6 Years

Only 6% Of Nigerians Feel Financially Secure Despite Easing Inflation, Survey Finds

March 25, 2026

Russia Angered Over Strike On Iran’s Nuclear Plant Site

South Africa: Court Summons Police Chief Over Controversial $21m Contract Deal

Senegal Denies Secret €650m Loan Deal, Defends Debt Strategy

Next Post
OFFICIAL: Sancho Signs For Manchester United

OFFICIAL: Sancho Signs For Manchester United

Please login to join discussion
  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In