Niger Delta
UN Expresses Concern Over Nigeria’s High Unemployment Rate
The United Nations Organization has decried the high unemployment rate among Nigerian youths which it said was alarming.
The UN stated that a country which allows its youths to be unemployed without sustainable job opportunities, such a nation is merely sitting on a time bomb which is waiting to explode.
United Nations Residents/Humanitarian coordinator Edward Kallon, made the remarks at the UNCT Retreat stressing that if policy formulators did not come up with policies that would tackle unemployment problem, Nigeria would be like a nation which is sitting on a time bomb waiting for an opportunity to explode.
Kallon maintained that Nigeria unemployment rate which already is at 36.5% was not healthy for economy of a nation like Nigeria.
Speaking on the theme; “The Management Accountability Framework (MAF) – A Foundation Piece of the UN Reform process, ” Kallon called on all stakeholders of Nigerian economy to rise up to the challenge to find a lasting solution to the problem of unemployment which has
bedeviled the nation in recent times.
Edward Kallon who spoke on the youth bulge said, “Nigeria has a significant “youth bulge”, with an estimated 83 percent of the population below the age of 40 years while 62 percent are below the age of 25 years.
He said that the official youth unemployment rate is around 36.5 % adding that as we look at combined un- and underemployment rates, the number has increased to about 45% for those between 24-35 and around 65% for those 15-24.
He said that with the figures reeled out violent extremism is tremendously on the increased in some areas with members of the radical groups conducting recruitment for uneducated and the jobless ones into their folds.
“In some areas, violent extremism and membership of radical groups are increasingly becoming attractive alternatives for undereducated, jobless youth. Others migrated outside the country.
“Research shows that unemployment is the number one reason why Nigerian youth migrate. Some 64% percent express this sentiment.”
He called on every stakeholder in the business of developing the youths and society at large to work towards the development and upliftment of the youth from the shackles of poverty.
He said that Nigeria as a nation had been blessed with abundant human and material resources which if properly harnessed poverty would remain a thing of the past.
Friday Nwagbara, Calabar
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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