The study, dubbed: Skills White Paper, is targeted at improving the capacity of Nigeria to harness the potential of its growing young population.
According to the White Paper, sub-Saharan Africa is estimated to be home to a quarter of people aged 24 and below by 2030, with Nigeria contributing the most significant number.
The document, with the title: ‘Building strong workforces to power Africa’s growth: The future of work in Africa’, identifies that Nigeria is unable to provide jobs and prospects to majority of its young and growing population, a situation which is buttressed by statistics putting youth employment at 50 per cent.
General Electric Nigeria’s President and Chief Executive Officer Lazarus Angbazo advised that this situation must change “because it condemns a large number of young people to low living standards and represents a terrible waste of human capital undermining future economic growth, but also because it poses a risk to social and economic stability”.
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