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Nigeria Going Through Worst Unemployment Crisis -World Bank

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Nigeria is currently going through one of its worst unemployment crises in recent times, a new report by the World Bank has stated.
The multilateral institution also noted that the socio-economic challenges facing Nigerians in the last 10 years have led to an astronomical increase in the number of citizens seeking asylum and refugee status in other countries.
This is as the World Bank, in a separate report, has estimated that about 4,000 Nigerian children were made orphans by the Covid-19 pandemic between March, 2020 and July, 2021.
The report, which expressed concern about the country’s rising unemployment situation, was published by the Washington-based institution with support from the Korea World Bank Partnership Facility (KWPF) and the Rapid Social Response (RSR) trust funds.
In the report titled, ‘Of Roads Less Travelled: Assessing the Potential for Migration to Provide Overseas Jobs for Nigeria’s Youth’, the World Bank further estimated that there were 2.1million Internally Displaced Persons (IDPs) in Nigeria in 2020 alone.
World Bank, however, blamed a combination of rising unemployment, booming demographics, and unfulfilled aspirations as resulting in increasing pressure on young Nigerians to migrate in search of gainful employment overseas.
In addition, the Washington-based institution disclosed that the number of international migrants from Nigeria has increased threefold since 1990, growing from 446,806 in 1990 to 1,438,331 in 2019.
It explained that despite this trend, the share of international migrants as a proportion to Nigeria’s population has remained largely constant, increasingly slightly from 0.5 per cent in 1990 to 0.7 per cent in 2019.
According to the bank, recent rise in irregular migration notwithstanding, the share of international migrants in Nigeria’s population was much lower compared to the shares in Sub-Saharan Africa and globally.
The data showed that the number has risen by over 1,380 per cent in the years between 2010 and 2019, indicating that in comparison, the number of persons coming into Nigeria from outside has been relatively stagnant in the decade under consideration
“An important trend that is observed in the data is the rise in the number of refugees and asylum seekers from Nigeria. The share of refugees and asylum seekers from Nigeria has increased drastically in the last decade, growing from 27,557 in 2010 to 408,078 in 2019,” it stated.
It noted that although the country was reaping dividends from the success of its citizens in the Diaspora, which was put at five per cent of its Gross Domestic Product (GDP) in 2019, when it comes to the discourse on international migration, the narrative has not been palatable.
“Nigeria is facing one of the most acute jobless crises in recent times. Between 2014 and 2020, Nigeria’s working age population grew from 102million to 122million, growing at an average rate of approximately 3 per cent per year.
“Similarly, Nigeria’s active labour force population, that is, those willing and able to work among the working age population, grew from 73million in 2014 to 90million in 2018, adding 17.5million new entrants to Nigeria’s active labour force.
“Since 2018, however, the active labour force population has dramatically decreased to around 70million—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 29million to 52million between 2014 and 2020.
“The expanding working-age population combined with scarce domestic employment opportunities is creating high rates of unemployment, particularly for Nigeria’s youth,” the World Bank report noted.
However, between 2010 and 2020, the international financial institution estimated that the unemployment rate rose five-fold, from 6.4 per cent in 2010 to 33.3 per cent in 2020, with the rates being particularly acute since the 2015/2016 economic recession and further worsened as Covid-19 led to the worst recession in four decades in 2020.
Increasingly, it noted that educated Nigerians were struggling to find employment opportunities in the country while unemployment rates increased substantially for Nigerians across all education levels over the years, becoming progressively challenging for educated Nigerians to find employment opportunities.
“Combined with significant demographic changes and increased aspirations of the youth, Nigeria’s unemployment crisis is creating migratory pressure in the economy.
“Unemployment is considered to be a key driver of migration. Consequently, multiple surveys show that the number of Nigerians, who are looking to migrate internationally, is high and increasing,” it pointed out.
In the last few years, the bank stated that the number of persons eager to migrate has increased from 36 per cent in 2014, to 52 per cent in 2018, noting that the desire to migrate remains higher among unemployed (38 per cent), youth (39 per cent), secondary education graduates (39 per cent), urban residents (41 per cent) and post-secondary graduates (45 per cent) in Nigeria.
It maintained that since there has not been an expansion of legal migration routes for youth increasingly eager to find opportunities in the overseas labour market, young Nigerians are opting for irregular migration routes to realise their hopes for a better life.
“What is worrying, however, is the increase in the number of forced and irregular migrants from Nigeria,” it disclosed.
It stressed that to ensure mutual cooperation, the European Trust Fund for Africa (EUTF), which was established in 2015, with the aim to promote areas of mutual development interest between Europe and Africa, has since provided more than €4billion in aid to African countries to address various development-related challenges and priorities in Africa.
Since its inception, the EUTF, the bank stated, has provided more than €770million for migration-related projects in Nigeria, with most of the funds invested in border control measures, awareness campaigns to stop trafficking, and the creation of jobs domestically, including for returned Nigerian migrants.
While predicting that by 2100, Europe’s working age population between the ages of 20 and 64 would decline by 30 per cent owing to low birth-rates and increased longevity, it further projected that at same time, the working age-population in Nigeria could increase by 140 per cent.
“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 increase the returns to human capital investments for Nigerian youth,” the report concluded.
In a related development, the multilateral institution has estimated that 4,000 Nigerian children were made orphans by the Covid-19 between March, 2020 and July, 2021.
The report by the bank’s experts at the Imperial College of London, revealed that over 4,100 Nigerian children lost one or both primary caregivers within the aforementioned period, while 4,300 lost one or both primary and secondary caregivers.
The report posted on the bank’s blog was jointly authored by World Bank’s Lead Economist, Laura Rawlings and a senior technical advisor, Centre for Disease Control (CDC) Covid-19 International Task Force, Susan Hillis, and titled, “For every two Covid-19 deaths, one child loses a caregiver. We must do more to address the orphan crisis.”
The report stated: “The Covid crisis will leave many unwanted legacies. The world has been closely tracking the Covid-19 death toll, with official mortality counts now reaching over four million people, largely concentrated among adults. The children left behind have been practically invisible.
“Our estimates of the toll on children left behind, just released, are that for every two people, who die of Covid, one child is left orphaned, facing the death of a parent or grandparent caregiver, who had been living in their home.
“By the end of June 2021, because of Covid-19, our estimates show that nearly two million children under 18 years had lost a mother, father, and/or grandparent caregiver, who lived in their household.”
According to the experts, countries with primary caregiver death rates of at least one per 1,000 children include Peru (10.2 per 1,000 children), South Africa (5.1), Mexico (3.5), Brazil (2.4), Colombia (2.3), Iran (1.7), the USA (1.5), Argentina (1.1), and Russia (1.0).
They also noted that at the current rate, one child was being orphaned every 12 seconds due to a Covid-19-associated death, adding that the toll was growing.
The authors noted that the Covid-19 related deaths had a wide range of effects on the children from economic, developmental to psychological impacts, which would reverberate across generations.
According to them, children orphaned by Covid face a constellation of risks, which often arrive with rapid and broad consequences.
“The threats of poverty, malnutrition, displacement and separation from siblings or other family members, school dropout, depression, violence and child marriage can emerge suddenly from the Pandora’s box of Covid-19,” they said.
Nigeria had as of July 20, 2021, recorded about 2,128 Covid-19 deaths, suggesting that for every one death in the country, an average of two children become orphans.

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Make Laws To Advance Nigeria, Not Selves, Fubara Tells NASS …Seeks Concerns Of Women, Issues In Difficult Terrains Addressed

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Rivers State Governor, Sir Siminalayi Fubara, has challenged the National Assembly Joint Committee on Electoral Matters to focus on amendments that contribute to improving the electoral process in the country for good of society and not to advance individual gains.
The Governor maintained that any legislation targeting to empower or undo particular individual(s) is misplaced, and urged the lawmakers never to pay attention to identified problems it promoted.
Governor Fubara gave the charge when he hosted a delegation of the National Assembly Joint Committee on Electoral Matters, led by its Chairman, Senator Sharafadeen Abiodun Alli and co-Chair, Hon Adebayo Balogun, on courtesy visit to Government House in Port Harcourt, yesterday.
The Governor said: “You are still working on your electoral amendment. I wouldn’t say much on that until when we see your proposal and conduct public hearing where we will make our inputs.
“But, legislate in such a way and manner, knowing full well that tomorrow, you will also sit here (executive). So, don’t do it because you are on the other side. And you say, maybe, let it be at the disadvantage of the people sitting here.
“Do your legislation in such a way and manner that when you sit here, those laws that are made can also apply to you, and you will sit and say, yes, I did the right thing.”
Governor Fubara noted that Nigeria is in a very trying time, and needed to be careful not to make costly mistakes that would erase any good work that has been done in the minds of the people to necessitate a fresh start.
The Governor explained that the level of political awareness and the drive among the people to be involved in the political process is higher now than it was about 20 years ago, and urged the lawmakers to be more sensitive to the realities of the times.
Governor Fubara said: “Everybody now understands that political involvement is the key to a better and developed state. Everybody wants to be part of the system, from the local government to the state and to the Federal Government.
“So, I am happy that we are doing this at this time; and not just doing this but taking the most critical aspect of the election: women. If we are talking about election, it is not the men, the true votes that are counted in elections are women and youths.
“So, taking up this very delicate and sensitive subject to addressing the situation at this time, I think the National Assembly is trying to understand and to feel the pulse of our people.”
Governor Fubara particularly noted how difficult it is to conduct elections in Rivers, Bayelsa, Delta, and Ondo states because most of the communities are riverine and could take more than two days journey to access them on sea amidst the scare of being kidnapped or suffer boat mishap.
Governor Fubara applauded the committee for the courage to take on such sensitive task of embarking on sensitisation of the people and engaging with them on best way to ensure that they enjoyed greater safety during elections.
He said, “I believe that after this committee’s sensitization programme that you are doing, it is going to help us have a framework that will help us get an amendment that will protect the interest of the women, protect elections in difficult terrains.
“Because most times, when elections are conducted, we will wait two days or more before results from different areas will come in. And when they come, at times, these results decide the total picture of the election.
“Considering this now, I believe that you will come out, work out something that will help us solve this difficult problem.
“But, most importantly, to encourage women, give them opportunity more than the 35 percent Affirmative Action, and something that will give them assurance that they should be part of this process.”
Governor Fubara said his administration understands the importance of opportunities when given and what it means to give people opportunities to actualise their aspirations.
The Governor, therefore, assured that whatever the recommendations they make, if they make it public, the Rivers State will be one of the states that will first implement them.
He added, “But, most importantly, we want you to be our ambassadors. You are a visitor to Rivers State today. You have seen us. When you go back, you should also tell them that it is not really those things that you are hearing. Tell them that Rivers State is organised. Tell them that Rivers State is focused, and the leadership is purposeful for the people.”
In his address, the Chairman, National Assembly Joint Committee on Electoral Matters, Senator Sharafadeen Abiodun Alli, said they are in the State for what he described as the second in the series of zonal engagements of the people on the proposed amendment to the Electoral Act, 2022.
Senator Alli stated that there is no doubting the fact that Nigeria has never had an Electoral Act that is as good as the one of 2022, but noted that as soon as the 2023 elections were over, flaws were noticed that needed to be addressed.
He said, “And, I must say without being inmodest, that this is the first time this is happening in the history of the National Assembly. Because we felt that for us, for our people to have confidence in the electoral process, they should be involved in the lawmaking process, and we have decided to go round.”
Senator Alli further said: “About two months ago, we were at Ibadan to talk to the youths and the traditional institutions. Today, we came in here, and it is continuing tomorrow to talk about the issues of legislation: the women and elections in difficult terrains.
“We put this because, apart from the issues of the women and the youths; the South-South, because of the topography of the place (region), it is one of the most difficult terrains we are having difficulties in conducting elections in Nigeria.
“And we need to let the people tell us how the challenges they are facing during elections could be ameliorated in the lawmaking process, hence our coming here,” he added.
He solicited the support of the Government and people of the State and the zone in efforts to fashion a workable electoral amendment that would address the concerns of majority, if not all Nigerians.

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Spain Puts Forward 11 Stadia To Host World Cup 2030

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The Spanish FA are reportedly set to confirm the 11 venues that will make up their end of the 2030 World Cup.
The game’s global showcase will take place in Spain, Portugal and Morocco in six years’ time with the final set to take place at Santiago Bernabéu.
But 10 more stadia are set to be put forward by RFEF by the deadline set by FIFA, according to our sources.
Games will take place in: Madrid, Barcelona, Bilbao, San Sebastian, La Coruña, Zaragoza, Seville, Malaga and Gran Canaria, the Madrid-based sources claimed.
Neither Vigo nor Valencia, as initially planned, will be present amongst the host cities.
Madrid and Barcelona will both have two stadia present with the Santiago Bernabéu and Civitas Metropolitano in the capital and Camp Nou and Stage Front Stadium in Barcelona.
Meanwhile, FIFA has announced their summer update to the men’s world ranking list with some significant movers.
Argentina’s Copa América victory sees them keep hold of top spot, while France’s disappointing European Championship isn’t enough to dislodge them from second.
Spain are the biggest movers near the summit, rising five places to third, while Belgium drop down to sixth and Colombia enter the top 10 as a result of their run to the Copa final.
Elsewhere, Türkiye have shot up 16 places to 26th due to their Euros showing and Venezuela move from 54th to 37th as a result of their recent showings, making them the biggest overall movers.

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Tinubu Tasks Ambassadors On Enhancement Of Economic Value

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President Bola Tinubu received some ambassadors at the Presidential Villa yesterday.
President Tinubu in Abuja called for the enhancement of the economic value of bilateral relations between Nigeria and partner nations.
The president spoke when he received Letters of Credence from the Ambassadors of Portugal, Jorge Adao Martins Dos Santos; the Socialist Republic of Vietnam, Biu Quoc Hung; and the State of Kuwait, Salim Khalifa Mohammed Almuzayen, at the Presidential Villa.
Tinubu expressed his appreciation for Nigeria’s long-standing relations with Portugal and the shared interest in the areas of trade and culture, as well as partnership in oil and gas, which had translated into gains for both countries.
“It is good to have you in Nigeria. I am happy you are familiar with Nigeria and the environment.
“I believe that with your presence, our bilateral relations will be further improved. I am happy you are also present in other West African countries.
“I have been informed of your economic interest in Nigeria. We need to work together for more localised productions as regards mineral deposits.
“I have an open-door policy, and you can always reach me through the Ministry of Foreign Affairs and my Chief of Staff, Right Honourable Femi Gbajabiamila,” the president said.
To the Ambassador of Vietnam, President Tinubu said the manufacturing sector in Nigeria was ready to benefit from the automating skills and technology of the Asian country.
“Thank you for coming to work in Nigeria. We share a lot with Vietnam in terms of diversity and values.
“We really value our bilateral agreements with your country, Vietnam, especially in the area of technology. We look forward to adding more value to the partnership with you in terms of collaboration for development,” he said.
President Tinubu also thanked the ambassador of Kuwait for his country’s long-standing good relations with Nigeria and extended his appreciation to the Emir and the Crown Prince.
“I am glad we are pulling strings to enhance the value of our relationship. We are both committed to the development of our people and will explore opportunities for economic ties. I have an open-door policy so you can always reach me,” the president said.
In his response, the Ambassador of Portugal said investors from his country had a keen interest in Nigeria, and that the trade with Nigeria on gas predated the war between Russia and Ukraine, and would be sustained.
“I will work on our agreements on improving economic relations. There is no shortage of interest in the areas of development where we can be partners.
“We are one of the highest buyers of gas from Nigeria, and we remain grateful for the supplies.
“Portuguese companies are also handling the rail line construction from Kano to Niger Republic. It will be ready in two years,” the Portuguese Ambassador said.
His Vietnamese counterpart said: “Under your leadership, I see Nigeria overcoming most of her challenges and taking its place among the happiest people in the world.”
Hung added that he was in the country to strengthen relations and improve economic ties.
The Ambassador of Kuwait assured President Tinubu that he would do his best to strengthen bilateral ties for the mutual benefit of both countries.

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