• 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

4 years ago
Diaspora Commission Urges Calm Over Deportation Threats Against Nigerians In Ghana

Diaspora Commission Urges Calm Over Deportation Threats Against Nigerians In Ghana

12 hours ago
Trump Threatens 25% Tariffs On iPhones Not Produced In US

US Knocks Nigerian Authorities For Splashing ‘Billions’ On Govt Buildings Amid Worsening Poverty

13 hours ago
2025 Women AfroBasket: Nigeria, Uganda, Cote d’Ivoire, Mali Book Quarter-final Place

2025 Women AfroBasket: Nigeria, Uganda, Cote d’Ivoire, Mali Book Quarter-final Place

17 hours ago
Burkina Faso Accuses Ivory Coast Of Killing Its National In Custody

Burkina Faso Accuses Ivory Coast Of Killing Its National In Custody

17 hours ago
Newly Identified Diabetes Variant In Africa Rewrites Medical Beliefs

Newly Identified Diabetes Variant In Africa Rewrites Medical Beliefs

19 hours ago
Wednesday, July 30, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    HT Exclusive: With 80 Presidential Aspirants, Is The End Of Paul Biya’s 4-Decade Grip On Power Imminent?

    HT Exclusive: With 80 Presidential Aspirants, Is The End Of Paul Biya’s 4-Decade Grip On Power Imminent?

    CAR: President Touadera Announces Third Term Bid After Removing Tenure Limit

    CAR: President Touadera Announces Third Term Bid After Removing Tenure Limit

    Cameroon: Electoral Body Disqualifies President Biya’s Main Challenger

    Cameroon: Electoral Body Disqualifies President Biya’s Main Challenger

    Insecurity In West Africa No Longer France’s Concern — Minister

    Insecurity In West Africa No Longer France’s Concern — Minister

    Rwanda: Kagame Appoints Top Central Bank Official As New PM

    Rwanda: Kagame Appoints Top Central Bank Official As New PM

    Strained Relations: Ramaphosa, Trump To Meet This Week

    US: Lawmakers Vote To Favour Bill Seeking Sanctions Against SA Over Its Foreign Policy

    As Regional Tension Worsens, Eritrea Cautions Ethiopia Against Conflict

    As Regional Tension Worsens, Eritrea Cautions Ethiopia Against Conflict

    Algeria Is Neutral In Libya Conflict, Says President Tebboune

    Algeria Is Neutral In Libya Conflict, Says President Tebboune

    Burkina Faso: Military Govt Scraps Electoral Body, Says It’s Waste Of Funds

    Burkina Faso: Military Govt Scraps Electoral Body, Says It’s Waste Of Funds

  • Economy
    Trump Threatens 25% Tariffs On iPhones Not Produced In US

    US Knocks Nigerian Authorities For Splashing ‘Billions’ On Govt Buildings Amid Worsening Poverty

    Russia Forges Closer Ties With Direct Flights To North Korea

    Russia Forges Closer Ties With Direct Flights To North Korea

    Nigerian Govt, BoI Earmark N50m Innovation Grant For STEMM Students

    Nigerian Govt, BoI Earmark N50m Innovation Grant For STEMM Students

    IMF To Visit Senegal In August, With Focus On Hidden Debts, New Disbursements

    IMF To Visit Senegal In August, With Focus On Hidden Debts, New Disbursements

    Kenya: President Ruto’s Convoy Kills British National

    Kenya: Rating Agency Says Cost Of Debt Servicing’ll Remain High Over Local Borrowing

    Zambia Seals $1.1bn Deal With Chinese Firm To Construct 60,000 BPD Refinery

    Zambia Seals $1.1bn Deal With Chinese Firm To Construct 60,000 BPD Refinery

    Gita Gopinath To Step Down From IMF, Return To Harvard Faculty In September

    Gita Gopinath To Step Down From IMF, Return To Harvard Faculty In September

    AfDB To Boost Sustainable Agriculture In Morocco With $116 Million Loan

    AfDB To Boost Sustainable Agriculture In Morocco With $116 Million Loan

    Ghana, Serbia To Sign Labour Mobility Agreement

    Ghana, Serbia To Sign Labour Mobility Agreement

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    HT Exclusive: With 80 Presidential Aspirants, Is The End Of Paul Biya’s 4-Decade Grip On Power Imminent?

    HT Exclusive: With 80 Presidential Aspirants, Is The End Of Paul Biya’s 4-Decade Grip On Power Imminent?

    CAR: President Touadera Announces Third Term Bid After Removing Tenure Limit

    CAR: President Touadera Announces Third Term Bid After Removing Tenure Limit

    Cameroon: Electoral Body Disqualifies President Biya’s Main Challenger

    Cameroon: Electoral Body Disqualifies President Biya’s Main Challenger

    Insecurity In West Africa No Longer France’s Concern — Minister

    Insecurity In West Africa No Longer France’s Concern — Minister

    Rwanda: Kagame Appoints Top Central Bank Official As New PM

    Rwanda: Kagame Appoints Top Central Bank Official As New PM

    Strained Relations: Ramaphosa, Trump To Meet This Week

    US: Lawmakers Vote To Favour Bill Seeking Sanctions Against SA Over Its Foreign Policy

    As Regional Tension Worsens, Eritrea Cautions Ethiopia Against Conflict

    As Regional Tension Worsens, Eritrea Cautions Ethiopia Against Conflict

    Algeria Is Neutral In Libya Conflict, Says President Tebboune

    Algeria Is Neutral In Libya Conflict, Says President Tebboune

    Burkina Faso: Military Govt Scraps Electoral Body, Says It’s Waste Of Funds

    Burkina Faso: Military Govt Scraps Electoral Body, Says It’s Waste Of Funds

  • Economy
    Trump Threatens 25% Tariffs On iPhones Not Produced In US

    US Knocks Nigerian Authorities For Splashing ‘Billions’ On Govt Buildings Amid Worsening Poverty

    Russia Forges Closer Ties With Direct Flights To North Korea

    Russia Forges Closer Ties With Direct Flights To North Korea

    Nigerian Govt, BoI Earmark N50m Innovation Grant For STEMM Students

    Nigerian Govt, BoI Earmark N50m Innovation Grant For STEMM Students

    IMF To Visit Senegal In August, With Focus On Hidden Debts, New Disbursements

    IMF To Visit Senegal In August, With Focus On Hidden Debts, New Disbursements

    Kenya: President Ruto’s Convoy Kills British National

    Kenya: Rating Agency Says Cost Of Debt Servicing’ll Remain High Over Local Borrowing

    Zambia Seals $1.1bn Deal With Chinese Firm To Construct 60,000 BPD Refinery

    Zambia Seals $1.1bn Deal With Chinese Firm To Construct 60,000 BPD Refinery

    Gita Gopinath To Step Down From IMF, Return To Harvard Faculty In September

    Gita Gopinath To Step Down From IMF, Return To Harvard Faculty In September

    AfDB To Boost Sustainable Agriculture In Morocco With $116 Million Loan

    AfDB To Boost Sustainable Agriculture In Morocco With $116 Million Loan

    Ghana, Serbia To Sign Labour Mobility Agreement

    Ghana, Serbia To Sign Labour Mobility Agreement

  • 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

Diaspora Commission Urges Calm Over Deportation Threats Against Nigerians In Ghana

US Knocks Nigerian Authorities For Splashing ‘Billions’ On Govt Buildings Amid Worsening Poverty

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

Diaspora Commission Urges Calm Over Deportation Threats Against Nigerians In Ghana

Diaspora Commission Urges Calm Over Deportation Threats Against Nigerians In Ghana

July 29, 2025
Trump Threatens 25% Tariffs On iPhones Not Produced In US

US Knocks Nigerian Authorities For Splashing ‘Billions’ On Govt Buildings Amid Worsening Poverty

July 29, 2025

2025 Women AfroBasket: Nigeria, Uganda, Cote d’Ivoire, Mali Book Quarter-final Place

Burkina Faso Accuses Ivory Coast Of Killing Its National In Custody

Newly Identified Diabetes Variant In Africa Rewrites Medical Beliefs

West Africa Moves On As France Closes Final Chapter Of Security Ties

Next Post
OFFICIAL: Sancho Signs For Manchester United

OFFICIAL: Sancho Signs For Manchester United

Please login to join discussion
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Diaspora Commission Urges Calm Over Deportation Threats Against Nigerians In Ghana

Diaspora Commission Urges Calm Over Deportation Threats Against Nigerians In Ghana

July 29, 2025
Trump Threatens 25% Tariffs On iPhones Not Produced In US

US Knocks Nigerian Authorities For Splashing ‘Billions’ On Govt Buildings Amid Worsening Poverty

July 29, 2025
2025 Women AfroBasket: Nigeria, Uganda, Cote d’Ivoire, Mali Book Quarter-final Place

2025 Women AfroBasket: Nigeria, Uganda, Cote d’Ivoire, Mali Book Quarter-final Place

July 29, 2025
Burkina Faso Accuses Ivory Coast Of Killing Its National In Custody

Burkina Faso Accuses Ivory Coast Of Killing Its National In Custody

July 29, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Diaspora Commission Urges Calm Over Deportation Threats Against Nigerians In Ghana

July 29, 2025

US Knocks Nigerian Authorities For Splashing ‘Billions’ On Govt Buildings Amid Worsening Poverty

July 29, 2025

2025 Women AfroBasket: Nigeria, Uganda, Cote d’Ivoire, Mali Book Quarter-final Place

July 29, 2025

Burkina Faso Accuses Ivory Coast Of Killing Its National In Custody

July 29, 2025

Newly Identified Diabetes Variant In Africa Rewrites Medical Beliefs

July 29, 2025

West Africa Moves On As France Closes Final Chapter Of Security Ties

July 29, 2025

Angola: 3 Persons Killed, Dozens Arrested In Fuel Hike Protest

July 29, 2025

When Will They Quit? Ageing African Leaders Are Denying the Younger Generation Leadership

July 29, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

West Africa Moves On As France Closes Final Chapter Of Security Ties

From Hope To Fear: Kenya Joins East Africa’s Crackdown On Free Expression

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2024 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

© 2024 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