Unemployment: World Bank Expert Calls For Synergy Among Stakeholders | Independent Newspapers Limited
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Unemployment: World Bank Expert Calls For Synergy Among Stakeholders

Posted: May 17, 2015 at 6:41 am   /   by   /   comments (0)

By Oladele Ogunsola, Ibadan.


The Sector Leader of the Human Development Team in the Nigerian Country Office of the World Bank, Abuja, Foluso Okunmadewa, has called for partnership among the various arms of government in the country, private and civil society organisations to tackle the problem of unemployment.

He highlighted key remedial actions, including social assistance programs focusing on the unemployable, infrastructural development, broad-based economic policies, functional education and market oriented skills development and market asymmetry through ICT facilitation and development as complimentary interventions which the stakeholders could work on.

A Professor of Agricultural Economics, Okunmadewa spoke at the 3rd Grace Foundation Day Lecture and 10th Anniversary of Grace Leadership Foundation held at the Trenchard Hall, University of Ibadan at the weekend.

Speaking on the topic, ‘Employing the Unemployable in Nigeria-Evaluation of Public Actions and Emerging Lessons’, the World Bank expert noted that the high rate of unemployment and especially youth unemployment was becoming a serious threat to the well-being of the country.

According to him, “the increasing rate of entrants of skilled and unskilled youths into the Labour market with low chances of getting sustainable jobs and the resultants effect on the social, economic and political stability of the country suggest urgent reformative actions”.

He maintained that the existing policies and programmes “are inadequate and obviously ineffective, especially in terms of employing the unskilled and uneducated”.

Okunmadewa insisted that the renewed urgency to tackle the issue of unemployment in Nigeria “stems from the glaring redundancy, induced sectarian violence, high rates of political violence, kidnapping, armed robbery and other vices such as terrorism, leading to loss of lives and property and the potential truncating of the recent gains in economic growth in the country “.

In his welcome address, the President of the Foundation, Bola Olowe, he gave the philosophy behind its coming into being in the year 2005 as a non-government, but faith-based organization, with the vision of ‘raising a new generation of leaders for our nation under God’.