Employability Analysis - Nigeria

-’Kunle Olaifa

2

Am I employable?

Jobs! Jobs!! Jobs!!!

Why are we here?

Making Sense of Labour Market

Information

Security > Power + Education + Healthcare

Who’s hiring?

7% hired by the Civil service. FG is still the biggest employer 39% hired by the Organised Private sector No valid details of the remaining 54% - about 39% go into self employment

New Entrants

1.8 million new job seekers annually

86% of graduate produced annually are unemployed 24 months after

Labor force

48.33 million (2009 est.)

Agriculture: 70%

Industry: 10%

Services: 20%

Unemployment rate

23.9% unemployment What Industry says

78% of Nigerian companies agreed that finding the right people is their greatest challenge.

Planning growth is difficult because of low skilled populace. Less that 24% of these companies believe in the quality of their hires.

The Nigerian Labour Market

What the stakeholders

are saying?

Nigeria’s unemployment rate increased to 23.9 percent in 2011 compared with 21.1 percent in 2010 and 19.7 percent in 2009 - National Bureau of Statistics (NBS).

Unemployment rate is higher in the rural areas (25.6 percent) than in the

urban areas (17.1 percent) - Nigerian unemployment report 2011 (NBS) The rate of unemployment within the age group of 20 to 24 years is 40 %

and between 15 to 19 years it is 31 %. - Economy Watch "NECO Exams, 90 per cent failure recorded“ – 23rd April 2012

Total illiteracy, meaning the inability to read and write, still afflicts about

55% of our population From a random selection from over 2,000 companies, which spread across

the 10 sectors in Manufacturing, showed that in 2001, no fewer than 1,323,586 people were employed by the sampled companies. The number declined to 1,005,861 in 2006 and 966,395 in the first half of 2010 – MAN

19% decline in employment in manufacturing sector since 2009 - NBS

The Nigerian Labour Market - Unemployment

Checking out??? It is a global issue

USA 5% to 9%

UK 5.3 % to 8.1&

Spain 8.6% to 21.52%

Ireland 4.8% to 14.3

Greece 8.07% to 18.4%

Italy 6.7% to 8.3%

South Africa – 25 %

Angola – 25%

Botswana - 17.5%

Egypt - 11.8%

Namibia – 51%

• Globalisation of markets

• Rapid changes in technology

• Recessions

• Undulating business cycles

• Change in tastes/climatic conditions

• Talent war & skills shortage

• Flexible work opportunities

• Shortages of credit – Bank crisis

• FDI reduction

• Instability in polity

• Security

Challenges/Impact & Trends

….they are individual and social

….they are individual and social

• Ability to look for job (finding a job is a job)

• Generational and skill gap

• Large pool of un-trainable people

• Poor “soft” skills

• Attitude

• Disability

• Flexibility

• Social issues

• Underutilization of potentials

The Prospects…..& The Future...

SMEs as the engine for employment generation

Resurgence of the middle class Lifestyle products & services Entertainment

Knowledge Transfer

Innovation Technology ICT –scientific areas

Outsourcing

- Event Management, Protocol, Admin, Alliances

Consulting service,

Professional services – advisory, Educational services.

Logistics –Haulage, Transport, Warehousing.

Food/Shelter Infrastructure – PPPs, Construction

What you need?

Education

Information

Employability skills

Networking and contacts

Flexibility

Awareness

Stand Out today!!!

Going to college won't guarantee you a job, but it'll give you four years to worry

about getting one - Anon

‘Kunle

…Human Resources Professional

…Member of the Society of Human Resources Management (SHRM)

…Passionate about Careers solutions with an unending quest for

information and knowledge management.

Talent Sourcing Leader - Africa

General Electric

+234 8098899333; olaifa@gmail.com

‘ Kunle Olaifa

‘Kunle Olaifa

@kunleolaifa

‘Kunle Olaifa