Connect with us

News

2017: Employment, Business Start-Up Top Priority for Nigerians- Survey

Published

on

unemployment.jpg
Kindly share this post

Latest public opinion poll results released by NOIPolls  have revealed some of the personal goals and aspirations that Nigerians have for 2017, such as the desire to secure employment or change existing jobs (37 percent), starting up new businesses (16 percent) and getting closer to God (14 percent) amongst others.

This finding further corroborates several media reports on unemployment and under-employment being one of the major problems that the government needs to tackle.

Furthermore, the efforts of the present administration to tackle the security issues in Nigeria has no doubt influenced the perception of Nigerians towards the security of the nation, as  87 percent asserted that they are hopeful that the security situation in the country will be better than it was in 2016.

The huge achievement by the security forces in recapturing the Boko Haram stronghold of Sambisa Forest may have played a role in the current perception on the state of security in Nigeria.

Also, 82 percent are optimistic that the economic situation of the country will improve; with 79 percent optimistic that more jobs will be created in 2017.

According to NOIPolls, this may not be unconnected with the Federal Government’s social investment program aimed at creating jobs for youths, tagged N-Power. Besides, the recent passage of the bill recognizing the National Peace Corps as a Federal Government Parastatal, under the Ministry of Interior, has become a veritable channel for job creation.

“Lastly, when Nigerians were asked what they would do to move the country forward, some  said they will be more law abiding (29 percent), create employment through their various businesses (18 percent), become patriotic (11 percent) amongst others.

“Therefore, the federal government of Nigeria should uphold its tempo at reviving the economy of the country while its citizens should take the right steps towards the advancement of Nigeria. These were some of the key findings from the New Year special poll conducted in the week of January 9th, 2017”.

Every New Year brings a lot of excitement, hopefulness and aspiration, and as 2017 beckons, majority of people all over the world are full of expectations, so also are Nigerians.

NOIPolls writes: “There is hopefulness of a new dawn of possibilities since the nation has been faced with multitudes of challenges characterised by various issues in the preceding years such as the activities of Boko Haram insurgents in the North-East, recent Southern Kaduna killings in the North-West, activities of the Independent People of Biafra (IPOB) in the South-East as well as the Niger Delta Avengers in the South-South, and the herdsmen menace in the North Central, just to mention a few.

“Business activities have been grounded by these happenings in all those troubled spots and were also complemented by irregular power supply, unemployment, poor exchange rate against the dollar, kidnappings, economic recessions and other crimes which are capable of undermining the development and progress of Nigeria.

“The Federal government of Nigeria (FGN), during the presentation of its 2017 Appropriation Bill, nicknamed the budget of recovery and growth, to a joint session of the National Assembly had promised that it has taken necessary steps to stimulate the economy and gave assurances of various investments in key sectors and that those steps were taken to restore business confidence that will guarantee the country’s speedy recovery from recession in 2017.[4] In view of this, NOIPolls conducted its Annual New Year Special Edition Snap Poll survey to ascertain the personal aspirations of Nigerians in the New Year, as well as their optimism about the country and the necessary actions they would take for the purpose of developing the country”.

Survey Results
The survey results revealed that some Nigerians are either unemployed or are not satisfied with their current employment status as 37 percent, which formed the majority, mentioned that they are aiming at getting a job or to have a change of job as their personal goal for 2017.

Unemployment is one of the most serious problems facing developing nations today and Nigeria is no different. Being the most populous country in Africa with a population of over 170 million people, Nigeria is blessed with diverse human and material resources.

However, her resources have been left under-utilized leading to mass unemployment and abject poverty.

Poll findings also revealed that 16 percent of the respondents disclosed that they aspire to start a business and this could have been triggered by the theories by some economic experts that the year 2017 will be good for businesses to thrive in Nigeria.

Also, 14 percent asserted that they would be more religious and this supports a research that ascribed Nigerians as one of the most religious people on earth.

The current economic hardship that Nigerians are faced with also played out as 12 percent indicated that they would cut down their expenses, additionally, there is the quest to seek for added knowledge and qualifications as another 12 percent indicated that they would further their education. Some other mentions include ‘improving my business’ (8 percent), ‘get married this year’ (8 percent) and ‘build my own house and buy a car’ (7 percent) among others.

The poll also sought to find out the expectations of Nigerians for 2017 with regards to some issues that affect the wellbeing of the citizens including the economy, security and employment and findings revealed high expectation and optimism around these issues.

The larger proportion (87 percent) is optimistic that security will be better this year; similarly, 82 percent of the respondents are hopeful that the economy will be better than last year, while 79 percent stated that they look forward to the employment situation in Nigeria becoming better than it was in 2016.

Furthermore, to determine what Nigerians could do as individuals to contribute in moving the nation forward, the survey revealed some Nigerians (29 percent) especially respondents from the North-West (38 percent) and South-East (35 percent) zones aim to be more law abiding in 2017.

More findings revealed that 18 percent of the respondents basically from the South-West zone (26 percent) disclosed that that they intend to create employment through their businesses and this could go a long way in reducing unemployment in the country if it could be actualised. It is also worthy to note that this zone houses Lagos state which is the economic hub of the country.

In addition, a section of Nigerians (11 percent) stated they would be patriotic citizens whereas, another proportion (8 percent) believe that prayers will make a positive impact in the country among other positive contributions.

The recent poll results have revealed that 37 percent of adult Nigerians surveyed disclosed that they look forward to getting a job or to have a change of job as one of their personal goals in 2017 while 16 percent aspire to start a business so as to have multiple streams of income.

More findings revealed that most Nigerians are very optimistic of a very good living in 2017 as the vast majority of Nigerians are enthusiastic that the security (87 percent), economic (82 percent) and employment (79 percent) situations in Nigeria will be better than it was last year.

Finally, Nigerians have asserted that they will be more law abiding (29 percent) and that they will create employment through their various businesses (18 percent) as part of their contribution towards moving the nation forward.

Therefore, the federal government of Nigeria should uphold its tempo at reviving the economy of the country while citizens take the right steps towards the advancement of Nigeria.

 


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

NIA Questions Legality of Reps’ Financial Probe

Published

on

Kindly share this post

The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.

In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.

It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.

The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.

In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.

“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.

“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.

“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”

Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.

“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.

17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.


Kindly share this post
Continue Reading

News

Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

Published

on

Kindly share this post

Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).

Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.

“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.

She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,

Learning through experience

Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.

Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.

Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.

Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.

World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.

The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.

The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.


Kindly share this post
Continue Reading

News

CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Published

on

Kindly share this post

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.

Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.

The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.

It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.

Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.

He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.

According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.

“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.

“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”

The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.

He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.

Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.

“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.

“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.

“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.

The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.

All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.


Kindly share this post
Continue Reading

Trending