The Nigerian labour market is a challenging sector. This is because of the high unemployment rate and the low level of employment. However, there are certain things you can do to improve your chances of finding a job in the Nigerian labour market.
In this article, we will mention some ways in which you can improve your chances of finding employment in Nigeria.
What is the state of the labour market in Nigeria?
The Nigerian labour market is the third largest in Africa with a workforce of over 85 million people. Nigeria’s economic growth has been robust in the past, but this growth has not translated into enough jobs. The country’s unemployment rate is currently 18% and it is estimated that about 60% of Nigerian workers are underemployed.
On top of this, Nigeria’s economy is heavily dependent on oil exports. This means that when oil prices are low, the economy suffers as well. When this happens, there becomes a trend of hiring foreign workers from neighbouring countries to fill up these employment opportunities and reduce the amount of Nigerians who need to migrate for jobs.
What are the Challenges Facing Nigeria’s Labour Market?
Nigeria has a high unemployment rate. According to the latest estimates, the country’s unemployment rate is 18.4%. This high unemployment rate is one of Nigeria’s major problems and has been a challenge for many years. The country’s jobless rate is the main reason why many Nigerians are unable to find jobs or even be self-employed.
The Nigerian government needs to take measures that will help increase employment rates in Nigeria. It must also tackle some of the challenges that are facing Nigeria’s labour market such as poor education and skills training, corruption, and lack of infrastructure such as power and water supply, among others.
What are Available Employment Opportunities in Nigeria?
Nigeria is a country with a large population and faces the challenge of unemployment. According to the job outlook report, Nigeria’s economy is not as resilient as it used to be and there are fewer employment opportunities than before.
There are various factors that affect the job market in Nigeria such as skills mismatch, educational system challenges, and corruption. However, these factors don’t change the fact that Nigeria has a strong labor force. The country’s competitive labor force will continue to expand in various economic sectors such as manufacturing, construction, oil and gas exploration etc.
The availability of jobs in a country is a result of a number of international factors including trade relations with other countries, technology absorption rate etc. In 2017, Nigeria was ranked by Forbes as Africa’s leading economy but it also ranks relatively
How Does Immigration/Emigration Affect the Nigerian Labour Market?
Immigration and emigration from one country to another can have a significant impact on both the home country and the host country.
The Nigerian economy is severely impacted by what is happening in other countries. For example, Nigerian immigrants in America send back money to their families in Nigeria and provide valuable remittance that helps the Nigerian economy. On the other hand, if Nigerians leave Nigeria for another country then they will not be able to contribute financially to Nigeria’s economy.
Why Is Stability Important To The Nigerian Labour Market And How Can It Be Achieved?
Nigeria is a stable country with a consistent GDP growth rate of 2.8%. The Nigerian labour market has been experiencing growing pains due to the youth bulge, but this will soon be tackled by the new generation of educated young Nigerians.
In order to maintain stability, Nigeria needs to adopt an inclusive economic strategy that will grow employment opportunities and foster job creation. In the end, labour stability is necessary for sustainable development and it should be achieved through proactive governance and public-private partnership.