unemployment in niger is an exteme issue ,here's why
With a population of more than 13 million, Niger's unemployment rate is at 11.7% since 2010. There are many factors leading to this, but things like political despair from corruption, lack of job opportunities for the youth and inefficient allocation of resources are the top reasons why Niger faces these high unemployment rates (Knoema).
Evidence conclude that for an economy to grow, there must be people investing in that economy. This also includes people negotiating in, from a macroeconomic standpoint, consumption, investments and even savings. Data shows that little or no investment is being done. How can there be jobs created if no one is investing in the future of Niger? |
Unempoyment Rate, Niger
Changes are being made through education
One major issue to unemployment in Niger is the lack of opportunities for the youth. According to an article published by the World Bank, Niger is a country where, "67% of the population is under 25 years of age, the problem of youth unemployment and underemployment is acute, given that the lack of job opportunities threatens to undermine the country’s political and economic stability" (Boosting Youth Employment in Niger).
In fact, to resolve this issue of youth underemployment and unemployment to better prepare Niger for the future, the World Bank has launched a program that is focused on vocational training. The program will "invest $US30 million in the 'Niger Skills Development for Growth Project' over a six-year period. The idea is to promote entrepreneurship skills ( about 11,000 young people aged 15 to 25 will be targeted by this program)."
According to the Ministry of Vocational Training in Niger (directly cited in a study on the vocational integration of youth in Niger by the economist Anne Le Bissonnais):
The objectives and goals of developmental projects like the ones above are what the Nigeriens need for a better economic future. A project like this, "is precisely aimed at enhancing the quality and effectiveness of technical and vocational education and training in Niger by offering on- and off-the job training in priority sectors such as public works, agriculture, and tourism" (Boosting Youth Employment in Niger).
In fact, to resolve this issue of youth underemployment and unemployment to better prepare Niger for the future, the World Bank has launched a program that is focused on vocational training. The program will "invest $US30 million in the 'Niger Skills Development for Growth Project' over a six-year period. The idea is to promote entrepreneurship skills ( about 11,000 young people aged 15 to 25 will be targeted by this program)."
According to the Ministry of Vocational Training in Niger (directly cited in a study on the vocational integration of youth in Niger by the economist Anne Le Bissonnais):
- A million and a half young people ages 13 to 19 are neither in school nor employed.
- 50,000 graduates are unemployed.
- The adult literacy rate (one of the lowest in the world) was estimated at 29% in 2009/2010. Among women ages 15 to 49, the rate is only 11.6%, compared to 27.8% for men.
The objectives and goals of developmental projects like the ones above are what the Nigeriens need for a better economic future. A project like this, "is precisely aimed at enhancing the quality and effectiveness of technical and vocational education and training in Niger by offering on- and off-the job training in priority sectors such as public works, agriculture, and tourism" (Boosting Youth Employment in Niger).