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In the wake of an acute crisis for skilled manpower and the rapid rise of unemployment across the globe due to the coronavirus pandemic, Nigeria-based organization, YIEE, is set to train and provide opportunities for 250, 000 youths in Nigeria by 2030.
The Skill-Up Program of the organization will create decent work for youths and help with improving job security, reducing corruption and expanding the economy in order to create and connect individuals to more employment opportunities and lifting poverty.
The program will provide employment opportunities for those youths by strengthening skills. It will introduce youths to the 4th Industrial revolution and ensure Nigerian youths become digitally skilled for the future of works.
According to a study, digital skills will create 2 million jobs in Nigeria by 2025, these jobs demand digitally skilled individuals who will support and drive key digital innovations in Nigeria, ensuring businesses are taken from local to a global scale.
Global report also records that one-third of the working-age population in low- and middle-income countries lack the basic skills required to get quality jobs, leaving them unable to achieve their full productive potential and limiting economic investment and growth.
According to World Bank calculations, more than two billion working-age adults are not equipped with the most essential literacy skills required by employers. Among young adults under the age of 25, the number is about 420 million worldwide.
Meanwhile, according to the National Bureau of Statistics (NBS), it was recently said that the number of jobless individuals in Nigeria is 80,291,893.
Of this number, the youths (those within the age bracket of 25-34) were highest, with 23,328,460 or 29.1% of the labour force. This is the estimated number of persons within the working population, that are available and willing to work.
The pandemic (COVID-19), has compounded an already difficult employment opportunity for youths and the ones who aren’t having decent work.
Government efforts to curb the pandemic means that youths without work experience might face extra difficulties while searching for job opportunities.
According to the World Economic Forum, it was predicted that Nigeria GDP will increase yearly by 0.7% through a digitally enabled economy.
By 2025, this could result in 1.9 million jobs and USD 20 billion additional GDP in Nigeria (World Economic Forum, 2017).
In the context of the aforesaid reality, the initiative of the YIEE is expected to set a milestone in the way to create job opportunities for unemployed youths not only in Nigeria but also in the whole world.
In the era of this globalization skilled youths in any part of the world are in fact the resource for the whole world and YIEE is likely to wish to contribute in this regard.
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