Former President Olusegun Obasanjo has expressed fears that Nigeria will witness a revolution soon unless government takes urgent steps to check growing youth unemployment and poverty.
Speaking at the West African regional conference on youth employment in Dakar, Senegal at the weekend, Obasanjo said the danger posed by an army of unemployed youth in Nigeria can only be imagined.
“I’m afraid, and you know I am a General. When a General says he is afraid, that means the danger ahead is real and potent,” he said.
Obasanjo added that despite what he called the imminent threat to Nigeria’s nationhood “there is absence of serious, concrete, realistic, short and long term solution” to youth unemployment.
He made reference to the doctorate degree holders who applied for jobs as drivers at the Dangote Group, saying Nigerian youths have been patient enough and that this patience will soon reach its elastic limit.
According to the former president, youth unemployment rate which was 72 per cent in 1999 when he took over power had been reduced to 52 per cent by 2004 but that the rate rocketed to 71 per cent by 2011.
Obasanjo left office in 2007, succeeded by Umaru Yar’Adua who died in 2010, and President Jonathan has been in office since then.
The former president lamented that the unemployment situation had given rise to the prevalence of social crimes being perpetrated by three categories of youth whom he identified as area boys, Yahoo boys and, recently, Blackberry boys.
He told the diverse audience that in Nigeria people talk of growth without corresponding development, and that what is visible is increased poverty.
Obasanjo said national leaders must create incentives that will encourage entrepreneurs to flourish and that special attention should be given to agriculture business as against mere farming.
He reiterated the need for easy access to land and micro credit, while advocating for a review of school curriculum to enable undergraduates spend additional one year to learn entrepreneurship.
At the sub-regional level, Obasanjo called for a review of the New Partnership for African Development (NEPAD) to accommodate issues of youth unemployment and job creation.
The conference, which was sponsored by the Organization for Economic Cooperation and Development (OECD) and the African Development Bank, was attended by top bankers from across Africa including the Managing Director of Nigeria’s Bank of Industry, Ms. Evelyn Oputu.
Headlines Newsview all
Christ Embassy Church Issues Gets Hotter As Pastor Oyakhilome's Brother Rev. Ken, Impregnates His South African Mistress
The crisis rocking the Christ Embassy Church is about to get messier as The Nigerian Times claims that Rev. Ken Oyakhilome, younger brother of Pastor ... Full story
Pastor Chris Oyakhilome's Divorce Getting Messier: Christ Embassy Deletes All Anita Oyakhilome's Data From Website
Latest findings indicates that Pastor Chris Oyakhilome of the Christ Embassy has removed every information about his estranged wife, Anita from the church’s website. This is ... Full story
Wife of Enugu State governor, Mrs. Clara Chime, who, last year, quit the Governor’s Lodge, where she lived with Governor Sullivan Chime after she alleged ... Full story
Rate this article
- NDE trains 100 youths on technological skills
- VIDEO: Olisa Adibua Debuts "THE TRUTH" With WizKid
- NFF: Amadu threatened with arrest, Giwa files FIFA defence
One thing is clear; the respected Yoruba traditional ruler married these four women legitimately, by going to their individual family and paying the bribe price ...
Recently, there has been a serious war between Shan George and the London-based music promotion outfit of his son, Jaga, Babylynn Promotions, over the release ...
Do you have a story/gist for publication? Please email it to firstname.lastname@example.org abeylyncon | 9/1/2014 10:23:01 AM This is the 1st time am seeing Anty Tiwa in ...
This new video "Ejeajo" is nothing but testament to that fact. Raising the bar a bit higher this time around, PSquare went all out to ...
Last Friday, Former President Olusegun Obasanjo paid a condolence visit to former Oyo State governor, Senator Rashidi Ladoja, at his Ondo Street residence in Bodija, ...
The widely reported Boko Haram insurgency attack on Wednesday 20thAugust 2014 at a Nigerian Police training college in Gwoza, Borno State left few survivors. Omereji ...
Nollywood actor, Charles Awurum must have a strong fan base with the ladies more than the males. In a recent interview when he was asked ...
Yoruba actress and ex-wife of actor Saidi Balogun, Fathia Balogun Williams is now a proud owner of a beauty and wine shop named 'House of ...
Celebrity stylist, Toyin Lawani has called out women who do nothing but gossip, do senseless conversation, chain smoking, drink excessively and have friends who do ...
Nollywood actress, Stella Damasus, best known for her social media activism on the challenging issues facing the country, has relaxed her voice as she is ...