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Unemployment Has Reached Critical Level – SMEDAN DG

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The director general of Small and Medium Enterprises Development Agency (SMEDAN), Dr Dikko Umaru Radda, has said that, unemployment in Nigeria has reached a crisis situation level, stressing that only one out of every 100 graduates gets a job now.

He, therefore, lamented that if the situation is not properly addressed with sufficient job creation, civil, social and political upheavals may ensue imminently.

SMEDAN boss also noted that, the global population of young people between the ages of 15 and 24 is rapidly on the increase, with vast majority of that group living in emerging economies like Nigeria, hence, the need to properly manage the group to yield positive demographic dividends, rather than becoming a security burden.

Radda, who stated this in Kaduna, while flagging-off sensitisation programme on Young Business Owners in Nigeria (Y-BON), however, said that, Micro, Small and Medium Enterprises (MSMEs) are the surest ways to diversify the economy and employ the huge youth population.

According to the DG, who was represented at the occasion by the North-West Zonal Coordinator of SMEDAN, Alhaji Ahmad Muhammad Madaki, he said one of the major causes of unemployment in Nigeria is skill shortage occasioned by dearth of skilled personnel and entrepreneurial competence among others.

According to him, “There is no doubt that, unemployment situation in Nigeria has reached a crisis level. Statistics have shown that only one out of every 100 graduates is assured of getting a job in Nigeria.

“It is towards addressing this challenge that the Small and Medium Enterprises Development Agency (SMEDAN) has initiated the Young Business Owners in Nigeria (Y-BON) programme, to provide a platform where existing entrepreneurs, either as standalone or cooperative societies, will be competitively selected for further support packages, to reduce some of the fundamental challenges that usual confront MSMEs.”

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