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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