…The UNDP in its 1998 report documented that the three richest people in the world have assets that exceed the combined Gross Domestic Product of the 48 least developed countries. …There is no doubt that there are challenges with the Nigerian economy. For the first time in many years, the Federal Government can no longer remit the monthly allocations to the states and local governments. The managers of the economy say that the nation is not broke but cash strapped. In Nigeria, young people account for over 70 percent of the population. Those between 10-24 years constitute 33.6 percent. Ninety percent of Nigerians are below 65 years and the average age of Nigerian is 19.2 for male and 19.3 for female. The youth constitute 62.4 percent of the 73.5 million Nigerians registered to vote in the 2011 general elections. According to the former Minister of Youth Development, Alhaji Bolaji Abdullahi, 42.2 percent of Nigeria’s youth population are out of job and 80 percent of them do not have more than secondary school certificate which is very high compared to 21 percent in the middle east and 16 percent in the UK. Culled from: ADDRESS BY THE PRESIDENT AND CHAIRMAN-IN-COUNCIL OF THE INSTITUTE OF STRATEGIC MANAGEMENT, NIGERIA (ISMN), DR. OTIVE IGBUZOR AT THE 2013 RIVERS STATE CHAPTER AGM/STRATEGIC LEADERSHIP AND GOVERNANCE PLATFORM ON 7TH NOVEMBER, 2013
Posted on: Mon, 11 Nov 2013 14:16:43 +0000
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