Monday, October 1, 2012

Why stay angry and hungry?

It is not news that the average young Nigerian is angry and in most cases, hungry. According to the National Bureau of Statistics (NBS), 60 per cent of Nigerians live on less than $1 (~N160) a day. Though problematic, Nigeria’s minimum wage law provides this standard of living: N600/day = N18,000/month = N216,000/year. However, for those living in poverty, this is their reality: N160/day = N4,800/month = N57,600/year.

The National Youth Policy defines a Nigerian youth as someone between the ages of 18 and 35. Per the 2006 census, 50 per cent of Nigerians were between 18 and 35. According to the National Population Council, there are 167 million Nigerians as of July 2012. If we assume the ratio has stayed the same, there are approximately 83.5 million Nigerians in this age bracket. The Africa Economic Outlook 2012 estimates that Nigeria’s youth unemployment rate is 37.7 per cent. In reality, the rate is probably higher. So, little surprise that young Nigerians are angry and hungry when 31 million of them are jobless!

This is my challenge to you today as we celebrate another independent day, don't add to the number, STAND OUT of the number and subtract from the number by employing people. Nigeria is a wonderful country to do business.

SHUT UP AND START SOMETHING TODAY!!!

Nigeria will surely be great again.

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