There is a significant difference between unemployment and unemployability. Unemployment is a state in which someone is willing and able to work but cannot find a job. Unemployability, on the other hand, is a state in which someone is unable or unwilling to work, even if they want to. Many people confuse unemployability with unemployment, but they are actually two very different concepts. Unemployment is often a result of the economy. When the economy is bad, there are fewer jobs available, and more people are unemployed. Unemployability, on the other hand, is usually a result of a person’s own limitations. Some people are unable to work because they are too sick, or they do not have the necessary skills.
Unemployment is a situation in which people who are able and willing to work are not able to find employment. Unemployment can be caused by a variety of factors, including a lack of available jobs, a lack of skills or experience, or a mismatch between the skills of the unemployed and the skills required for the available jobs. It can also be caused by social and economic factors, such as the closure of a factory or the introduction of new technology that reduces the need for certain types of workers. It can also be the result of social and economic policies, such as the minimum wage or restrictions on hiring and firing. And it can be the result of natural disasters or other unforeseen events.
Many Nigerian graduates are unable to find jobs.
Unemployability is a social problem that has been around for as long as people have been working. There are many factors that can lead to someone becoming unemployable, including, but not limited to, age, disability, and lack of experience or education. Age is often cited as a key factor in unemployability, as many companies are reluctant to hire someone who is too old or too young. This can be problematic for older workers, who may find it difficult to find a job that is suitable for their age and experience level. Additionally, young workers may not have the experience or education required for many jobs, which can lead to them being unable to find work. Disability can also lead to unemployability.
In Nigeria, unemployability within graduates is high. This is primarily because the educational system in Nigeria does not adequately prepare students for the workforce. The majority of Nigerian graduates are not adequately trained in critical thinking, problem solving, and communication skills. In addition, many graduates lack the necessary technical skills needed for the workforce. As a result, many Nigerian graduates are unable to find jobs, even if they are highly educated. The Nigerian government is currently working to address this issue by improving the quality of education in Nigeria.
Young people are instead chasing government employment.
There are several things to consider when making the decision to hire a Nigerian graduate rather than someone already working in the field. Nigerian graduates are often highly educated and have a strong work ethic. However, they may lack experience in the field, which can be a disadvantage. On the other hand, someone already working in the field may have more experience, but may not be as educated or as motivated. Ultimately, the decision depends on the specific needs of the company and the qualifications of the candidates.
Most graduates from Nigerian institutions are unable to do the job they are employed to do, according to Dr. Isa Ali Pantami (Federal Minister of Communications and Digital Economy of Nigeria). Recently stated that many young people are instead chasing government employment rather than venturing into entrepreneurship. Dr Pantami, believes this is due to a lack of relevant skills and training.
About a quarter of the Nigerian population possess some formal education.
Countries that are interested in doing business in Nigeria are concerned over the lack of skills that are present in the workforce. A recent study showed that only about a quarter of the Nigerian population has any formal education, and this lack of skills is a major obstacle to doing business in the country. There are a number of programs that are working to improve the skills of the population, but the lack of infrastructure and funding is holding these programs back. Nigeria is a very promising market, but businesses need to be aware of the lack of skilled workers, and plan accordingly.