June 18, 2013

Job Creation In Nigeria: Challenges, Opportunities And The Role Of Micro, Small And Medium Enterpris

This
paper identifies the challenges of job creation in Nigeria and examines
governments approach using the Micro, Small and Medium Enterprises to support
Economic reforms.

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Delivered By:MUHAMMAD NADADA UMAR

Publication Date:December, 2011

Document Size:25pages


The issues of MSME development and job creation are key in the present administration?s economic development efforts. This is one way of delivering the dividends of democracy and thereby stemming the tide of restiveness and insecurity in the nation. In realizing this, the Government has been trying to establish structures to ensure that the business environment is conducive for the private sector to thrive and create jobs. Entrepreneurs/MSMEs must be encouraged to drive the process of job creation as they are known, all over the world, as aggregate generators of employment.




Related

 

Nigeria Economic Update (Issue 52)

Recently released population estimate figures by the Nigeria Bureau of Statistics, show a significant increase in Nigerias population, based on the 2006 census. Notably, total population grew by an estimated 40 percent from 2006, to 193 million persons in 2016. Also, disaggregate demographic data from 2007 to 2016, reveals an increase in the number of males (74 million to 99 million) and females (71 million to 95 million), with a 2016 gender (males to females) percentage ratio of 51:49. The high rate of population growth can be attributed to the improvements in average annual rate of natural increase the difference between crude birth rate and death rate. As in preceding years, the composition of children and youths make up the highest share of the population growth. This presents a potential increase in the rate of labour supply. Going forward, there is need for the government to support rapid job creation in order to check the potential upsurge in unemployment rate.