Tackling unemployment in Nigeria through entrepreneurship development

One of the naughty issues confronting Nigeria as a nation is the high percentage of unemployment among a segment of an employable population.

Indeed, statistics on unemployment by various agencies shows that a large percentage of the population is unemployed with the youth constituting over 60 per cent.

Situation Analysis, Issues and Challenges of the Nigeria Manufacturing Sector

The manufacturing sector is very crucial for the development of the Nigerian economy. Apart from facilitating employment generation and wealth creation, the manufacturing sector also helps in raising the quality of life of Nigerians home and abroad. However, the sector remains weak due to a myriad of challenges including the poor state of the nation’s infrastructure which imposes a high cost of production, feeble technological support and stumpy levels of innovation, which lead to invention of low quality products and non-competitiveness.

Situation Analysis, Issues, Challenges and Prospects of the Oil and Gas Sector in Nigeria

The oil and gas sector has continuously dictated the pace and structure of growth of the Nigerian economy for the past three decades. The huge oil and gas resource base, which currently stands at about 38 billion barrels of proven oil reserves and 187 trillion cubic feet of gas, has positioned the country as one of the key players in the global energy supply. Nigeria is the 10th largest oil producer in the world and the 7th in proven gas reserve with potential to grow to 600 TCF. In 2009, the oil and gas sector accounts for approximately 16.05 per cent of Gross Domestic Product, (GDP), 95 per cent of total foreign exchange earnings and 85 per cent of total government revenue resulting in near total dependence on oil and gas revenue for national development.