tag:blogger.com,1999:blog-1259678905729324935.post6103380685361495696..comments2010-05-18T08:17:18.488-04:00SOLOMONSYDELLEhttp://www.blogger.com/profile/17564768670896215900noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-1259678905729324935.post-39634748685528788662010-05-18T04:09:32.755-04:002010-05-18T04:09:32.755-04:00Nice blog post, I just got out of the college of finance here and still keep track of our college blog posts and found yours. Great post, I agree with most of the pros of the article, great research, well keep in touch. Johnpenny stockshttp://stockbooth.comnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-56651167264212084822010-03-30T09:27:37.885-04:002010-03-30T09:27:37.885-04:00Am getting scare of Nigeria situationdaptronhttp://www.blogger.com/profile/17973729088361924842noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-267190347501734742010-03-18T08:04:05.240-04:002010-03-18T08:04:05.240-04:00This comment has been removed by a blog administrator.johnhttp://www.blogger.com/profile/14047481611329098381noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-35551455375452265932010-03-10T13:30:18.049-05:002010-03-10T13:30:18.049-05:00While greed and selfishness remain endemic Nigeria&#39;s problems will persist, foreign investments will simply be mismanaged and siphoned into the pockets of a few already well heeled persons. Investment in maintained infrastructure along with a change in mindset is required for long term development. We have to move away from the decadence of the &#39;enjoyment&#39; culture, Nigeria does not need Six Flags or a Micheal Jackson theme park! We have to return to the basics, Infrastructure, agriculture, industrialization and manufacturing. It does not sound glamorous but we need to re focus and develop vocations outside of the oil sector, banking and politics<br /><br />GepitAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-73598330085974774482010-03-08T17:25:27.332-05:002010-03-08T17:25:27.332-05:00Great article! I particularly like that this is not just another Nigerian ranting about all the bad, but a combination of presenting the of the very sad facts with possible solutions and examples of ongoing progress. <br /><br />I recently accepted a job in Nigeria and I am planning to relocate to Nigeria with my family to learn how I can be a good Nigerian citizen and part of the solution to some of our numerous problems. I just found this website while I was trying to educate myself on Nigeria, a country my family and I left several years ago. <br /><br />I just wanted to say that I have enjoyed reading some of your articles and keep up the good work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-89895271658946626342010-03-01T19:05:46.334-05:002010-03-01T19:05:46.334-05:00Unemployment is a massive problem in Nigeria. Entrepreneurs are in demandAyodejihttp://www.jobberman.comnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-75377175943311482662009-11-18T06:11:22.954-05:002009-11-18T06:11:22.954-05:00This is absolutely depresssing, moreso as I hope not to be the 23,000,001st unemployed Nigerian youth in a few months.<br /><br />For those who think that Foreign investments do not matter, I&#39;m sure it does. Agreed the returns are carted out of the country, it provides jobs and a source of livelihood. Were regulations in place for foreign investors, many would see themselves having to do a little more than employ the nationals of the country they seek to be based in. I hear that to set up shop in Nigeria, a fair percentage of the business needs to be Nigeria i.e employ Nigerians or use part of the profits to do something in Nigeria. I wonder how true that is.<br /><br />But anyways, foreign investments are not the only ways all these 23m people can be employed. We need to understand that Nigerians prefer white collar jobs and anything below is frowned at. Hence the reason why getting a degree is the ultimate for every nigerian child, so as to secure a future...or rather increase the chances of him securing a future.<br /><br />Its quite saddening though that we have so much manpower and it all seems to be going to wasteNaijaBabehttp://www.blogger.com/profile/15047508513628654957noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-26711800149030285922009-11-12T03:01:23.447-05:002009-11-12T03:01:23.447-05:00Very compelling, how I wish some of our leaders are reading this, not just reading but putting it into action.<br /><br />Inasmuch as Government cannot solve everybody&#39;s problem by providing jobs for everybody in Nigeria, at least they can create a very good atmosphere or condition to help and sustain, take US for instance, a country of more than 300 million people, the government knows that it cannot provide government jobs for everybody but it can create atmosphere that can enable businesses to survive, that is what I am expecting from a country like Nigeria, at least let us start from there<br /><br />A situation where by the roads are not in order, there is no electricity, no security, etc, how do you expect investors to come in? how do you expect jobs to be available if there are no businesses willing to invest?Nigeria Jobhttp://joblistnigeria.comnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-11548394542283221672009-11-05T11:34:21.961-05:002009-11-05T11:34:21.961-05:00And the US is also facing the issue of &quot;Unemployable/Unqualified&quot; Job seekers too<br /><br />http://finance.yahoo.com/news/Despite-millions-of-job-cnnm-215026799.html?x=0&amp;mod=career-worktankojjettyhttp://www.blogger.com/profile/14609597898610328176noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-8704482235383074092009-11-05T11:32:11.092-05:002009-11-05T11:32:11.092-05:00You said unemployable abi...<br />There&#39;s something i think you missed out...you never mentioned this individual&#39;s empowering themselves as a solution.<br /><br />To be realistic the Government cannot create jobs for everyone,It can only just provide infrastructure for job creation.So we shouldn&#39;t just blame the government.<br /><br />Individuals should be creative.Its only a lazy man that&#39;ll not get food to eat.tankojjettyhttp://www.blogger.com/profile/14609597898610328176noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-13370582597028367262009-11-05T11:02:22.427-05:002009-11-05T11:02:22.427-05:00&quot;Let the truth be known, I am not alone....they talking all the freedom madness and they did not even leave a ladder&quot;FIGEhttp://www.blogger.com/profile/10300434156499370812noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-66654865767892934782009-11-05T09:08:19.692-05:002009-11-05T09:08:19.692-05:00initially i thought i saw unemployed... then i wanted to correct it by commenting &quot;unemployable&quot; then alas! i reread your status correctly......<br /><br />- Oyeniyi O. from FacebookAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-79349327776948084222009-11-05T09:07:13.103-05:002009-11-05T09:07:13.103-05:00so sad<br /><br />- Olamild from FacebookAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-38803848063546887102009-11-05T09:06:33.591-05:002009-11-05T09:06:33.591-05:00wow!<br /><br />- Abi F. L. from FacebookAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-45699485992013493412009-11-05T09:05:56.871-05:002009-11-05T09:05:56.871-05:00Serious issue o!<br /><br />- Francis O. from FacebookAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-28735132603502471502009-11-05T07:53:22.748-05:002009-11-05T07:53:22.748-05:00The situation is really bad and those who are now ready to work are not giving the opportunity too... it is very twisted...Harry-Rami Itiehttp://www.blogger.com/profile/01167017091835402546noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-85163094445278873862009-11-05T03:42:35.282-05:002009-11-05T03:42:35.282-05:00Unemployment in Nigeria is a very big problem, though it is more an urban problem than a rural problem. The solution has to be a few years away at best as the largest employer of unskilled/semi skilled labor is manufacturing and that sector is currently dead thanks to the power issues. We know we need to fix power, but whether we will do so is another discussion I suppose. As one of the newspapers says it is 57 days to a supposed 6000MW<br /><br />@ sugabelly, i beg to differ. foreign investment does matter. while foreign firms take their profits off shore they also invest in country. Using everyones favorite telecoms example; MTN has spent over $5billion on infrastructure in country and the other GSM providers have spent something similar. China and co pretty much jump started their economy on foreign investment. It is not a cure all but it is part of the solution.snazzyhttp://www.blogger.com/profile/00962164181489774786noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-67302827999919613022009-11-04T19:39:55.842-05:002009-11-04T19:39:55.842-05:00Azazel, foreign investment is not the answer.<br /><br />Lots of people think it is but people don&#39;t realise that the revenues from foreign investment are carted out of the country and are never reinvested into the economy.<br /><br />What we need is a good educational system with heavy entrepreneurial bias combined with government grant allocations for graduating college students that want to start their own businesses. <br /><br />No matter the economy, MAJORITY of a country&#39;s jobs MUST come from domestic sources or that country is up shit creek without a paddle. If Nigeria focuses too much on foreign investment to provide jobs we will be at the mercy of these foreign companies because any change in the political climate or in fact any perceived threat will cause foreign firms to pull out, slashing thousands of jobs in the process.<br /><br />That is no way to guarantee the security of the job market. Jobs are created by existing companies and new companies entering the market. The existing companies in Nigeria have reached their saturation point and cannot create any more jobs without being redundant. What we need now are for new NIGERIAN firms and businesses to crop up and provide opportunities for employment.<br /><br />Unfortunately with the educational system in shambles, it is debatable how employable Nigeria&#39;s workforce is. To make matters worse, the banking system in Nigeria is not entrepreneur friendly at all and loan securing in Nigeria for a small to medium business owner is almost impossible. <br /><br />All these factors are things that the government must address swiftly if there&#39;s going to be any lasting change.<br /><br />Economies grow not just by job creation but by active reinvestment of surplus funds into the economy and into new and existing businesses in that country. <br /><br />Looking to foreign investors to solve this problem is like using a band-aid to cover a gaping gushing stab wound. IT WILL FUCK US IN THE ASS IN THE END AND I WILL JUST SIGH AND SAY I KNEW IT.<br /><br />Our government has to rectify the educational system, retrain all those youths, force the banks to become more business friendly, secure the electricity supply of the country, connect Nigeria to an undersea internet broadband cable and stop kissing FDI&#39;s ass.<br /><br />But what am I saying, our President&#39;s name is Yar&#39;Asleep.Sugabellyhttp://www.blogger.com/profile/17943638849867603413noreply@blogger.comtag:blogger.com,1999:blog-1259678905729324935.post-34987779200748550922009-11-04T16:06:52.177-05:002009-11-04T16:06:52.177-05:00Solomon this definitely makes sense, especially with the six flags thing.. I think investors should be encouraged to come and invest in Naija, that way jobs will be created..<br />But in other for investors to come, security needs to be provided.Azazelhttp://www.blogger.com/profile/18312052192443976075noreply@blogger.com