Nigeria needs jobs to tackle unemployment

There are 16 million unemployed in Nigeria in 2017 third quarter —National Bureau of Statistics, NBS, has said. As per NBS more men worked full-time than women, while a higher percentage of female worked part-time between 20-39 hours and below 20 hours per week.

 

The absolute number of male full-time workers, 34.85 million, was more than twice the number of female full-time workers, 16.21 million, in the third quarter of 2017.

 

Nigeria needs more women in the workforce, better education and skills for its young. Colleges have to take the initiative ; help candidates with career services, campus placements for jobs with companies.

 

 

Agriculture to boost African economy

 

(CNBCAFRICA) Many new age entrepreneurs are dedicated to finding a way for agriculture to be a source of income, jobs and employment on the continent.

 

While agriculture in Africa often is discussed in the context of hunger and malnutrition, the only way for agriculture to become a source of food security is to ensure it also becomes a source of economic security.

 

For example, cassava production is reliably rising in parts of Nigeria, Tanzania, Uganda, and Malawi. In these countries, new processing facilities have been established to meet new demand for cassava as an ingredient in everything from baked goods and beer to paper, board, and plywood.

 

In Rwanda, Tanzania, and Zambia, sustainable increases in crop production are occurring on small-holder farms that have contracts to grow maize and other crops for the U.N. World Food Program. In Ghana, rice yields are rising on small-holder farms that have joined an initiative to grow rice for a domestic food company, which is providing consumers in Ghana with a cheaper alternative to imported rice. Crop clusters around a processor have proved very effective.

 

This kind of agriculture development is generating economic opportunities in rural communities on and off the farm. For example, in rural Nigeria today, young people who don’t want to farm increasingly have the option of working nearby at a cassava processing facility. In Kenya, young adults who once saw farming as a career of last resort are now drawn to the business proposition of adopting tech innovations to grow high-quality, high-value produce in greenhouses. Access to affordable finance, coupled with efficient markets, is key to this end.

 

Philips and Africa look for long term relations

 

Netherlands-based technology giant, Phillips, looks for a long haul in Africa which will eventually lead to Jobs in Africa.

 

Google committed to Africa’s future: Supports education and technology

(CNBC AFRICA)

 

Vice President for Global Public Policy at Google, Caroline Atkinson, at the  recent World Economic Forum on Africa 2017.

 

 

 

Young Africa chooses farming over jobs

 

(BBC NEWS)

 

Young professionals are now giving up their office jobs for the family farm.

 

Emmanuel Koranteng , formerly an accountant in US is now running a farm business in Ghana. In South Africa, Dimakatso Nono in South Africa is another young Africa who left her job in Finance to run her family farm. There are difficulties but she has no regrets on making the move. She feels if need to rest or recuperate, there’s no better place than here where you have the nature to support you.

 

What needs to be done?

 

‘Make agriculture entrepreneurial, and focus on the full value chain”

 

Since getting funding has been difficult, the young farmers have not become big. But the youth believe that farming can generate money.

 

A World Bank report from 2013 estimates that Africa’s farmers and agribusinesses could create a trillion-dollar food market by 2030 if they were able to access to more capital, electricity and better technology. “Agriculture has a bright future in Africa,” says Havard University technology expert Calestous Juma.

 

There is a need to encourage young talent. The focus should be on the full value chain – from farm to fork, not just production.

 

Claudius Kurtna runs a fish farm in Western Kenya and converts the fish to high-protein, high-energy biscuits, thus creating a product which had both a long shelf life and high nutritional value. He suggests that to attract younger people to farming, they should be provided funding with conditions they can meet same types of credit and risk-reducing incentives that are given to industrialists.

Africa and Economic Transformation

 

Since the mid-1990’s, many Sub-Saharan African countries have seen economic growth driven by institutional reforms, healthier business climates, advancements in democratic governance, and improvements in macro-economic environments.

 

This has delivered clear benefits: a rising middle class; an increase in school enrollment, especially for female children; improving infrastructural systems; and improved access to information, thanks to the global communications revolution.

 

But despite this encouraging growth, poverty remains entrenched. Indeed, the number of Africans living in extreme poverty increased by more than 100 million between 1990 and 2012. Further, recent economic growth has generated few jobs for youth, including the hundreds of thousands graduating from college across the continent every year. Clearly, the growth experienced in the last couple of decades is inadequate.

Source: ACET, CNBCAFRICA

Diaspora for development in Africa

 

(BBC NEWS)

With over 30 million Africans living outside of their home countries, the continent’s diaspora has the potential to be a major source of development financing.

 

Money spent by sent home by migrants – known as remittances – is the most important source of external finance to Africa.

 

Engaging the African diaspora in trade, investment, and skills transfer for Africa’s development is the next logical step.