Connect with us

News

WorldStage Economic Summit 2016 to Address Nigeria’s Unemployment Challenges

Published

on

economic summit.jpg
Kindly share this post

With a total of  22.4 million Nigerians unemployed or under‐employed out of the 76.9 million total labour force, Worldstage Economic Summit (WES) 2016 (http://worldstagegroup.com/wes/) will be hosted in Lagos between September 7- 8, 2016 to address the  unemployment challenges in the African biggest economy.

According to Mr Segun Adeleye, president/CEO, World Stage Limited (www.worldstagegroup.com), the organisers, “The alarming rate of unemployment in Nigeria is not only of great concern to the three tiers of government, but also to the private sector and other critical stakeholders of the economy on job creation. While some people see it as an indictment on the educational system that seems to be churning out ‘unemployable graduates’ it is also being seen as an economic deficiency, with economy having a limitation of the labour force it can sustain by its productivity.”

He said Nigeria’s unemployment rate of 10.4% represents about 14 percent of global unemployment in fourth quarter 2015, the 7th highest in the world with only Kenya, Congo and Djibouti having worse rates in Africa.

“This should be embarrassing when compare with countries such as Qatar (0.2%) unemployment rate, Cambodia (0.3%), Belarus (0.5%), Thailand (0.8%), Benin (1.0%), Madagascar (1.2%), Laos (1.40%) and Guinea Bissau (1.80%),” he said.

He said the statistics that job loss in Nigeria dropped by only 1.29% in Q4 2015 at a period when oil price crashed by 65% could only show that there are other inherent factors outside oil that shape the labour market, which will be reviewed at the summit.

On how an economic summit can address unemployment challenges, he said, “We are in an era where Nigeria’s economic problem can no longer be left in the hand of government to fix alone.

There are organisations and experts that have the knowledge of how to solve economic challenges of any kind, but in most cases, they are either not talking at the right forum, or they are not being heard. At WES 2016, the government side is going to be represented by ministers, members of the National Assembly, head of regulatory agencies, CEOs of public corporations, top official from state governments; and they will be interacting with representatives of the organised private sector along with local and foreign experts, to discuss series of the sub-themes through which the problem of unemployment in Nigeria will be tackled.”

He made reference to the challenges facing state governments to the extent that they can no longer pay salaries as at when due, saying these can be addressed with the right concept of how to explore economic potentials to create private sector jobs.

 “With about 65 per cent drop in oil price since 2014, Nigeria’s main source of income, the revenue allocations to the Federal Government, States and the Local Government have dropped drastically with most states now finding it almost impossible to pay workers’ salaries. This has become one of the greatest challenges facing Nigerian economy, as the elected governments are becoming aware that they may not be able to deliver the electoral promises and dividend of democracy if an urgent solution is not found,” he said.

“Besides providing knowledge base for government on how to save billions of naira in revenue, diversify economy, create jobs and end the practice of committing the largest portion of income to the payment of civil servants’ salaries, WES 2016 will help review the economic potentials of the states and arrive at sustainable development strategy for them to be economically viable with or without revenue from federation account.”

He listed the objectives of WES 2016 to include; To identify and proffer solutions to the growing unemployment problem in the public and private sectors of Nigerian economy; To identify the employment generation potentials of every sector of the economy from ICT, Maritime, banking & finance, mining, aviation, construction, oil and gas and others and then address what they need to realise the full potential; To connect new entrepreneurs with financiers and skilled workers for them to be at the driving seat of job creation; To connect employers with job seekers and enhance migration of skills across all sectors;  To generate a national unemployment data bank;  To assist government on policies to make the economy productive, global competitive and generate jobs; To help review the economic potentials of the states and arrive at sustainable development strategy for them to be economically viable with or without revenue from federation account;  To provide knowledge base for government on how to save billions of naira in revenue, diversify economy, create jobs and end the practice of committing the largest portion of income to the payment of civil servants’ salaries.

On how WES 2016 will not end like others past summits at home and abroad with nothing to show for them, he said, “When one deploys a conventional solution to a problem, the result will still be the same old story.

It’s easy for government agencies to announce that they want to create thousands or millions of jobs, but how they will do it is very critical, and has to be tested to be sure that they are on the right track.

They will need the right knowledge base to achieve it and carry other stakeholders along. Governments and institutions have to invest in time and knowledge to think outside the box on how to address economic challenges, and when the solutions are found, they have to try all possible best to apply them to achieve desirable result.

What is unique about WES is that it’s research driven. If the obstacle to job creation in a particular sector of the economy has to do with legislature, the National Assembly Committees involved will be at the WES 2016 and will be made to understand what is expected of them and why they must act fast.

The WSE will then do the necessary following up on all resolutions of the summit to ensure that they are not thrown into the dustbin.”

The expected participants at the summit include the Presidency, National Assembly, MGAs, State Governments, OPS- Oil and Gas, Banking, Insurance, Maritime, Aviation, Mining, Agriculture, Hospitality & Tourism, Entertainment, Construction, Power, ICT, Education, Transportation, Local and Foreign Investors, Media and Other Relevant Stakeholders.

WorldStage is the operator of WorldStage Newsonline, the online news (www.worldstagegroup.com) which is currently a leading source of business information in Africa. WorldStage is also the publisher of TrueColour, the African dream magazine that celebrates the positive side of Africa.

Kirusa Unveils MyGenie App Platform in Nigeria
Telecom and social media solutions provider Kirusa has launched myGenie in Nigeria, a free airtime App for prepaid Android users.

The myGenie app can be used to explore and download new and popular Android apps, and according to Kirusa, users will be rewarded with free airtime credits for downloading, installing, and using these Android apps.

“They can use the free credits to recharge their mobile numbers, or gift the airtime credits to their friends and family. What’s more, myGenie also provides free airtime credits when a user invites their friends to the app, and when their friends start downloading apps via myGenie,” said Kirusa in a statement.

Several apps, including InstaVoice, 474Recharge, Zambia Caller, APUS launcher, Super B Clearer, BBM, and UC Browser have been made available to coincide with the launch.

David Kruyt, App Owner, 474Recharge App, said, “myGenie is an altogether new way of promoting the app developer community. It is a simple way to reach out and get the app campaigns organised. The most exciting part is that myGenie helps in usage and retention of the apps by incentivising customers in Nigeria, making it a win-win for both app developers and customers.”

Inderpal Singh Mumick, CEO of Kirusa, shared on the launch, “Our vision is to grow the mobile ecosystem, and to fuel entrepreneurship in Nigeria, by creating a platform for the local app developers to reach out to their customers in a seamless manner, by assisting them in their app promotion efforts.”

According to Kirusa the platform is currently available to Android mobile users in Nigeria and will be extended to other African countries soon.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

News

Pay Your taxes for Me to Do More – Tinubu

Published

on

Kindly share this post

President Bola Tinubu on Thursday urged Nigerians to pay their taxes, because the revenue is critical for his administration’s Renewed Hope Agenda to fund public infrastructure like roads, hospitals, and amenities across the country.

Pay Your taxes for Me to Do More – Tinubu

President Bola Tinubu

He spoke during the commissioning of interchange at Arterial Road N16 – Ring Road III Intersection linking Jahi District to Gwarimpa District of the FCT.

The project was among those earmarked to celebrate his third year anniversary and he was represented at the commissioning by Godswill Akpabio, Senate President.

He said: “I’m very proud to stand here to commission this Arterial road interchange N16 linking Jahi district to Gwarimpa District of the FCT.

“This is not just a bridge and slip roads, this is freedom of movement and time returned to the people, this is renewed hope that you can even drive on. This intersection used to choke the entirety of Abuja, gridlock stretched from Maitama to Gishiri, from Jahi to Gwarimpa; hours lost, fuel wasted, business were lost but today that story ends.

“This interchange opens up critical districts of the FCT and connects them smoothly to the rest of the FCT. Workers will get home earlier, security will improve because criminals strive when security stands still.

“Ladies and gentlemen, infrastructure is the foundation of prosperity which is the cardinal principle of this administration. Roads are the arteries of a nation, when we connect districts we connect destines and that is the logic of the renewed hope agenda, build the roads unlock the economy and let Nigerians strive.

“The Jahi-Gwarimpa interchange is prove that Nigeria is not beyond redemption. With focus, discipline, and political will, Nigeria will deliver and we are delivering, the FCT is delivering.”

The president also charged Nigerians and residents of the FCT to pay their taxes.

According to Tinubu, it would allow his administration to provide more infrastructural projects.

“Also pay your taxes and levies so that government can do even more for you,” he added.

 


Kindly share this post
Continue Reading

News

MTN ASAP Enugu Stakeholders’ Conference Rallies More Action Against Youth Drug Abuse, Unveils N33Bn ASAP Impact

Published

on

Kindly share this post

In a renewed push to confront the rising tide of drug abuse among Nigerian youth, stakeholders converged on Tuesday, June 9, 2026, at the ICC Dome, Enugu, for a State Stakeholders’ Engagement convened under the Anti-Substance Abuse Programme (ASAP).

MTN ASAP Enugu Stakeholders' Conference Rallies More Action Against Youth Drug Abuse, Unveils ₦33 Billion ASAP Impact

The conference brought together government representatives, educators, development partners, and civil society actors to chart a unified path against substance abuse, with disclosures at the gathering revealing that an estimated ₦33 billion has so far been committed to developmental projects, programmes, and initiatives across the country, interventions that have impacted more than 33 million Nigerians directly and reached over 100 million through advocacy and awareness campaigns.

The Executive Governor of Enugu State, Barr. Peter Mbah, represented by the Secretary to the State Government, Prof. Chidiebere Onyia, commended the Foundation for its sustained investment in youth development and the fight against substance abuse.

He noted that the state’s transformation agenda is anchored in youth empowerment, education, healthcare, and human capital development – areas where the Foundation’s ₦33 billion commitment was already making a measurable difference.

“The MTN Foundation’s investment in youth development and the fight against substance abuse aligns directly with our administration’s transformational agenda. Initiatives like ASAP are exactly the kind of partnerships that move the needle on national development,” Prof. Onyia said.

He further urged other private sector players to emulate the Foundation’s example, stressing that the scale of Nigeria’s drug abuse demands sustained collaboration between government, the private sector, development partners, and civil society.

Addressing stakeholders, Odunayo Sanya, Executive Director of the MTN Foundation, said the Foundation, established in 2004 and fully funded by MTN Nigeria, was created to drive impact across health, capacity building, and economic empowerment, with deliberate focus on young people, who constitute the majority of Nigeria’s population.

She explained that the ASAP initiative, launched in 2019 in partnership with the National Drug Law Enforcement Agency (NDLEA) and the United Nations Office on Drugs and Crime (UNODC), was designed to reduce first-time drug use among young Nigerians through awareness campaigns and school-based interventions.

“We have reached over 50,000 students across the country and trained about 1,556 teachers as part of our efforts to create anti-drug ambassadors in schools and communities.”

“For us at the MTN Foundation, saving even one young person from substance abuse is a worthwhile achievement. The consequences go beyond the individual and affect families, communities, and the nation at large,” Odunayo said.

Looking ahead, she disclosed that the Foundation plans to reach more than 20,000 additional students in 2026 through expanded stakeholder engagements, school-based interventions, teacher training programmes, and community awareness campaigns.

She described substance abuse as a major threat to families, communities, and national development, stressing the urgent need for collective action to shield young people from addiction.

According to her, the Foundation’s mission is rooted not just in numbers, but in human outcomes – the lives, families, and futures it helps preserve.

The Executive Director, on her part, called on parents, educators, faith leaders, and community influencers to remain active partners in safeguarding the next generation from the dangers of substance abuse.

The intervention comes at a critical time. Fresh data presented at the conference indicate that over 360,000 youths in Enugu State – approximately 13.4% of the state’s young population – are actively involved in drug use.

Currently, the MTN Foundation (MTNF) and the United Nations Office on Drugs and Crime (UNODC) are conducting a comprehensive National Substance Use Survey to gather grassroots data on drug abuse, especially among secondary school students.


Kindly share this post
Continue Reading

News

ICFJ, Wikimedia Honour Nigerian, African Journalists for Outstanding Reporting

Published

on

Kindly share this post

International Center for Journalists (ICFJ), in partnership with the Wikimedia Foundation, has named three African journalists as recipients of the 2026 Open the Knowledge Journalism Awards, with two Nigerians emerging as first and second-place winners.

ICFJ, Wikimedia Honour Nigerian, African Journalists for Outstanding Reporting

The awards recognise journalists whose well-researched reporting helps expand knowledge about Africa and serves as reliable source material for volunteer editors who develop content on Wikipedia.

Wikipedia, the online encyclopedia operated by the Wikimedia Foundation, relies on evidence-based reporting to improve and expand its content, making journalists key contributors to building a more comprehensive global knowledge base.

Earlier this year, African journalists living on the continent were invited to nominate articles they had written that contribute to expanding knowledge about Africa, particularly in the areas of women and youth, as well as arts, culture, heritage and sports.

The organisers said a total of 320 entries were received from journalists across 40 African countries.

The first prize was awarded to Nigerian freelance journalist, Rakiya Muhammad, for her article, West Africa’s Borderless Women: Inside the Yoruba Sisterhood Linking Nigeria and Côte d’Ivoire, published in RM Times.

The story documents the decades-long migration of women from Ejigbo in Osun State to Côte d’Ivoire in search of economic opportunities.

According to the report, the women have become a dominant force in markets in Abidjan while strengthening cultural and economic ties between Nigeria and Côte d’Ivoire.

The article also revealed that as much as 80 per cent of Ejigbo’s economy is supported by remittances and investments from its people living in Côte d’Ivoire.

Reacting to the recognition, Muhammad said the award had renewed her commitment to telling authentic stories that place African women at the centre of development, leadership and social change.

“Receiving this honour renews my passion for telling stories that place African women at the heart of the narrative as active agents of development, leadership and social change.

“The recognition rekindles my commitment to documenting positive stories about Africa with authenticity and depth, while shedding light on the gendered dimensions often overlooked in broader discussions,” she said.

Second place went to another Nigerian journalist, Abiodun Adewale of The Punch, for his story, Breaking Boundaries: How Nigeria’s U-19 Women Are Rewriting Cricket History.

The article chronicles the preparation and performance of Nigeria’s Junior Female Yellow Greens at the 2025 International Youth Cricket World Cup.

The organisers noted that the story highlighted the growing popularity of cricket in Nigeria, a sport that receives relatively limited media attention compared to other sporting disciplines.

A special recognition award was presented to Kenyan journalist Angeline Ochieng of Nation Media Group for her article, The Converts: How Reformed Midwives Are Ending Maternal Deaths, published in the Daily Nation.

The story focuses on former traditional birth attendants in rural Kenya who abandoned the practice to advocate hospital deliveries, contributing to a reduction in maternal deaths and childbirth complications.

President of ICFJ, Sharon Moshavi, said journalism and Wikipedia have a mutually beneficial relationship.

According to her, Wikipedia’s volunteer editors rely on independent journalism to build a more complete knowledge resource, while journalists benefit from the encyclopedia’s global and multilingual reach.

“These awards recognise that relationship and the African journalists who are making our digital information ecosystems stronger,” she said.

Chief Communications Officer of the Wikimedia Foundation, Anusha Alikhan, said although Wikipedia is the largest encyclopedia ever created, it remains incomplete.

She said stories written by Africans about issues affecting the continent were essential to ensuring that the encyclopedia reflected diverse experiences and perspectives.

“We celebrate the three journalists who have received the Open the Knowledge Journalism Awards and thank them for making this kind of reporting possible,” she said.

President of Wikimedia Nigeria and member of this year’s awards selection committee, Olaniyan Ishola Oulushola, commended the quality of the winning entries.

He said each of the selected articles presented opportunities to improve information about Africa on Wikipedia.

“From documenting the history of women cross-border traders in West Africa to the achievements of female cricketers, each of these articles brings us a step closer to closing the knowledge gaps we are working on every day,” he said.

The organisers noted that Wikipedia marked its 25th anniversary in January 2026.

They said the platform is currently among the world’s 10 most-visited websites and remains the only one in that category operated by a non-profit organisation.

According to them, Wikipedia currently hosts more than 65 million articles in over 300 languages, created by nearly 250,000 volunteer editors worldwide, attracting close to 15 billion page views every month.

However, they observed that many topics relating to Africa remain underrepresented, with only about 3.7 per cent of articles on the English version of Wikipedia focusing on the continent.

They explained that the knowledge gap reflects broader shortcomings in global media coverage, noting that new information can only be added to Wikipedia when supported by citations from published and reliable sources.

The 2026 award recipients were selected by a committee comprising African civil society leaders, academics, representatives of ICFJ and the Wikimedia Foundation, as well as members of the Wikipedia volunteer community.


Kindly share this post
Continue Reading

Trending