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Job shortages hurt MINT countries too

Tuesday, Mar 25, 2014 - 02:02

March 25 - Nigeria may be one of the new emerging MINT markets but like Europe it has a massive unemployment problem. Last week at least seven job hunters were killed in a stampede. Hayley Platt looks at the challenges they face.

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Nigeria is seen as future economic powerhouse. It's oil rich states in the south have helped the economy grow by 6 percent. But it hasn't helped 28 year-old Ukadike Chisom. He's been looking for work since he graduated from university in 2011. (SOUNDBITE) (English) UKADIKE CHISOM, UNEMPLOYED GRADUATE, SAYING: "It has been a very difficult one, because you keep searching, you keep submitting CVs and they keep turning you down." Last week Ukadike attended a government-backed recruitment drive in the capital Abuja. But things turned deadly when 60,000 job seekers turned up to fill just 4,500 vacancies. At least seven people were killed in a stampede and dozens more injured. (SOUNDBITE) (English) UKADIKE CHISOM, UNEMPLOYED GRADUATE, SAYING: "People were suffocating, we were even lucky in our centre no one died but there were eleven casualties." Unemployment is a huge challenge in Nigeria. Particularly among the country's youth. It's estimated that more than 37 percent of under 25's are out of work. Chinedu Ekeke is a public affairs analyst. (SOUNDBITE) (English) CHINEDU EKEKE, BLOGGER AND PUBLIC AFFAIRS ANALYST, SAYING: "It is a ticking bomb, and it's waiting for us. Invest massively in public works, invest massively in infrastructure. Where are we going to get the money from? Curb corruption. 20 billion dollars is missing, we know how much we lose to crude oil theft every day, block the loopholes." Nigeria's Universities were once regarded as some of the best in Africa. But successive military governments and a dramatic fall in oil prices in the 80's have taken their toll. Now the government wants to encourage entrepreneurship. It's introduced 39 new subjects to its education curriculum including plumbing, decorating, upholstery and photography. It's a formidable challenge - Nigeria may be one of the new emerging MINT markets but 60 percent of Nigerians still live in poverty.

Job shortages hurt MINT countries too

Tuesday, Mar 25, 2014 - 02:02

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