The Central Bank of Nigeria has said that about 80 per cent of Nigerian youths are unemployed.

The Central Bank of Nigeria has said that about 80 per cent of Nigerian youths are unemployed.

 

The Special Assistant on Sustainable Banking, CBN, Dr. Aisha Mahmood, made the assertion  in Abuja yesterday while delivering a paper on ‘Nigerian Sustainable Banking Principle’ at the 2014 World Environment Day programme organised by the Federal Ministry of Environment. She said that unemployment was still a huge threat to Nigeria’s economy.

 

“In Nigeria, there is the issue of youth and employment,” she said. “70 per cent of the 80 million youths in Nigeria are either unemployed orunderemployed. We are all witnesses to what happened recently during the immigration recruitment exercise and this is simply because 80 percent of the Nigerian youth are unemployed.”

This is in spite of the repeated release of figures by the National Bureau of Statistics which shows that the Nigerian economy had been creating millions of jobs in recent years. Last week, the NBS announced that the economy created about 1.2 million jobs in the 2013 fiscal year.

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