Wednesday, 18 December 2013

CYBERCRIME "YAHOO YAHOO" AND THE RATE OF UNEMPLOYMENT IN NIGERIA

The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.
Unemployment Rate in Nigeria increased to 23.90 percent in 2011 from 21.10 percent in 2010. Unemployment Rate in Nigeria is reported by the National Bureau of Statistics. From 2006 until 2011, Nigeria Unemployment Rate averaged 14.6 Percent reaching an all time high of 23.9 Percent in December of 2011 and a record low of 5.3 Percent in December of 2006. In Nigeria, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Unemployment in Nigeria is one of the most critical problems the country is facing. The years of corruption, civil war, military rule, and mismanagement have hindered economic growth of the country. Nigeria is endowed with diverse and infinite resources, both human and material. However, years of negligence and adverse policies have led to the under-utilization of these resources. These resources have not been effectively utilized in order to yield maximum economic benefits. This is one of the primary causes of unemployment and poverty in Nigeria.
As per the report of the World Bank, the GDP at purchasing power parity of Nigeria was $170.7 billion during 2005. Unemployment in Nigeria is a major problem both economically and socially. Unemployment in Nigeria has resulted in more and more people who do not have purchasing power. Less consumption has led to lower production and economic growth has been hampered. Unemployment also has social consequences as it increases the rate of crime.

For instance cybercrime A.K.A Yahoo Yahoo a redefined form of the popular Nigeria 419 scams, this is a form of fraud that appears to be a field in which Nigerian entrepreneurs were pioneers, and remain prominent. The scammers view themself as a sort of folk hero or Robin Hood, getting money out of gullible westerners in repayment for colonial mistreatment and are frequently viewed as folk heroes
They use the Internet services or software with Internet access to defraud victims or to otherwise take advantage of them, for example by stealing personal information, which can even lead to identity theft. A very common form of Internet fraud is the distribution of rogue security software. Internet services can be used to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme.
Other Internet scams  can include lotteries, on-line dating services, inheritance notices, work permits/job offers, bank overpayments, or even make it appear that you are helping a friend in trouble.
In many cases, "yahoo yahoo boys" troll the Internet for victims, and spend weeks or months building a relationship. Once they have gained their victim's trust, the scammers create a false situation and ask for money. Scammers can be very clever and deceptive, creating sad and believable stories that will make you want to send them money.
All of these scams have one thing in common - they contain requests for money. Sometimes you are asked to pay money to obtain something of value for yourself (e.g. a prize, a romantic relationship, more money); or you are asked to pay money to help a friend in trouble. In every case, however, the ultimate indicator of a scam is that you are always asked to give money.
Yahoo Yahoo boys can be very creative and very determined.

Therefore to curb the menace of Yahoo Yahoo in Nigeria, the government need to work on reducing the alarming rate of unemployment in the country, as the official statistics illustrate that previously unemployment did not always decline with the economic growth. Other solutions such as the provision of right skills to the people to help them tackle the problems and lead a more prosperous life should also be given importance.
Recently the experts have suggested some techniques, which can play important role in curbing Unemployment in Nigeria. These include –
Sports schools, evening clubs that teach kids to play football, swim etc
Computer training schools and clubs that specializes in teaching programming softwares such as Java, Oracle, ASP, Cold fusion, JSP, digital photography, and video editing, etc.

Language schools teaching foreign languages like French, Spanish, and Chinese.Setting up of provisional work agencies, which provides temporary staff to small companies etc.

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