The World Bank Group also supports increased engagement in the climate resilient agenda as well asNigerias responseto the COVID-19 pandemic and its post-recovery efforts. Due to the economic recession, there has been a high rate of unemployment; no jobs are available for the youths; 24 percent of Nigerians are unemployed; now, lets move on to the youths; there is no rating I can give you for that because there are so many jobless youths on the street; however, based on some facts, I can estimate that 8% of youths under the age of 24 are unemployed. Underpinning all three development challenges is a set of core development needs, including the need to strengthen gender equality and the empowerment of women and girls, and to . Graduates frequently have to stay in their parents houses for an extended period, leading to dissatisfaction and pessimism. The Latest @ USIP: Whats at Stake in Nigerias Elections? The paper concludes that development can be achieved, sustained, and fostered if these problems enumerated are solved and it will make local government more viable in this task. As a Software Engineer, I am skilled in both web and mobile software development. According to a report in 2014, female education has an important impact on the development of a stable, prosperous and healthy nation state resulting in active, productive and empowered citizens. In their pursuit, they have damaged oil pipelines and abducted oil employees. Every year, 200,000 students graduate from college, but many struggles to find jobs and turn to less-than-honorable means of sustenance. Many Nigerian graduates did not acquire useful skills during their education. Nigerias federal system gives governors great responsibilities in addressing the issues driving the countrys multiple conflicts, including farmer-herder violence, deepening regional divides, armed banditry and the Boko Haram insurgency. It is not enough to have a development plan if it is not matched by the funding needed to implement it. These three development challenges often coexist within the same country, requiring tailored solutions that can adequately address specific deficits and barriers. Notify me of follow-up comments by email. By 2030, the projected global population growth is expected to generate demand for 260 million new residential properties and 540 million square meters of office space in the worlds largest cities. The countrys population is diverse, with over 250 ethnic groups represented. Corruption takes many forms and infiltrates all political institutions and economic sectors. This concept aimed to reduce greenhouse gas emissions into the atmosphere while combining better and cleaner energy sources with the proficient use of already existing energy sources. According to the UN Population Fund . Today, 700 million people live on less than $1.90 per day and a total of 1.3 billion people are multi-dimensionally poor. UNDP works to ensure responses are multisectoral and coherent from global to local. Even if they have suspended operations for the time being, their actions have drastically reduced crude oil output in the country. The sooner that people can get back to their homes, jobs, and schools, the sooner they can start thriving again. THE PROBLEMS AND SOLUTIONS OF MANPOWER DEVELOPMENT IN NIGERIA. The adoption of the 3R strategy involves reducing, reusing, and recycling waste materials used in construction. Nigeria is a multi-ethnic and culturally diverse federation of 36 autonomous states and the Federal Capital Territory. With Nigeria's population growth continuing to outpace poverty reduction, the number of Nigerians living in extreme poverty is set to rise by 7.7 million between 2019 and 2024. Nigeria's Environmental Challenges and the Looming Dangers. These vague and two-line solutions proffered to the mountain of problems are insufficient to shed light on the way forward, they {solutions} seem better said than done! Unemployment: In Nigeria, unemployment is spreading like a virus. Women and girls make up a disproportionate share of people in poverty, and are more likely to face hunger, violence, and the impacts of disaster and climate change. In Nigeria, election tampering is not uncommon. The country has a huge population of poor people who cannot afford to go into mechanised and commercial farming. Domestic output suffers as a result of these conditions, but frequent power outages also make it impossible for many international enterprises to do business in Nigeria. He is also a Developer with knowledge in HTML, CSS, JS, PHP and React Native. Mr question is that, all this solution youve have written down, have once ever secretly or openly impacted at least one of it to solve one part of the problems? I. This includes empowering women and girls and increasing their human capital and economic opportunities, increasing domestic revenue mobilization, and improving the quality of public expenditures and strengthening debt management. Economic fluctuation. Around 258 million people live outside their countries of origin and 68.5 million are displaced. As stated in the Nigerian constitution of 1999, basic and secondary education would be free. While the economy is projected to grow at an average of 3.2% in 2022-2024, the growth outlook is subject to downside risks including further declines in oil production and heightened insecurity. I admit that things are bad but not as bad as we are made to believe here! Increasingly, middle-income countries account for a large part of this trend. Conflict, sectarian strife and political instability are on the rise and more than 1.6 billion people live in fragile or conflict-affected settings. Similarly, developing sustainability-compliant buildings is a relatively new concept in Nigeria, and the risk associated with testing new waters might be responsible for the reluctance. Political leaders have a history of engaging in corrupt practices. Nicholas.opara@humi.ca. A credible, publicly accepted result and a peaceful transfer of power could help consolidate democracy in Africas most populous country following democratic setbacks in the region, notably seven coups in 26 months in the Sahel and West Africa. Nigeria was ranked 144th out of 177 countries on Transparency Internationals Corruption Perception Index in 2013, making it one of the most corrupt countries in the world. x[mOU5UBwhqn%/3gnw7^No>_O.hIt|5/sjz?_L]cidKv7iiv}f`NLj0P{6A315 Also see: Advantages and Disadvantages of the Internet. USIP has a variety of newsletters and announcements with the latest analysis, publications and events. The NDU assesses recent economic and social developments and prospects in Nigeria, and places these in a longer-term and global context. The administration has also pledged an equitable transfer of wealth to the people, which should be implemented. endobj
State-society gap. The present ruling administration is not fulfilling its promises, and officials are more concerned with stuffing their wallets than with properly governing. The political landscape is partly dominated by the ruling All Progressives Congress party (APC) which controls the executive arm of government and holds majority seats at both the Senate and House of Representatives in parliament, and majority of the States. Constitution Development in Nigeria II | Week 5. However, they also account for about 70 percent of global carbon emissions and over 60 percent of resource use. This intends to significantly reduce operating costs over the lifetime of a building while contributing positively to the environment and the people who use the facility. Even though the country has been together for almost a century, it has failed to fully integrate. Peoples lives are better when government is efficient and responsive. Amidst global commodity shocks, a depreciating currency, trade restrictions, and monetization of the deficit, inflation is surging and pushing millions of Nigerians into poverty. Typically, a government cannot manage its economic, political, and social affairs without fostering interaction between it . AGRICULTURE: The World Banks support for the agricultural sector, including through the Commercial Agriculture Development Project, the Transforming Irrigation and Water Resources Management Project and West Africa Agriculture Productivity Projecthas helped Nigeria strengthen agricultural production: Over 7 million farmers received improved agricultural technology, Farmers cultivating tomatoes and rice contributed 26% and 14.27%, to national production respectively, in 2019, Cassava farmers realized more than $55 million as revenue and a gross margin of over $36 million in 2019, Rice, sorghum and tomatoes farmers realized gross margins of over $288 million, $169 million, and $53 million respectively, A Farmers Microfinance Bank birthed from FADAMA gives loans at low interest rate of 3.5% for business startup and expansion, with 80% recovery rate. 2 0 obj
1. Especially for all of the promises they made on education. Crises know no borders. Problems hindering the economy development of Nigeria Naturally, when it comes to ethnicity, Nigerians are extremely sensitive, with tempers frequently flaring and occasionally resorting to violence. 9. The state-society gap is the divide that exists between a country's government and its citizens. (2) Propose the prospects for enhancing growth of agricultural output. In the year preceding up the 2007 elections, a Foreign Affairs study found about 700 election-related violent actions, including two killings. See Reasons. According to a 2016 report by the World Economic Forum, emissions caused by buildings and new construction are expected to grow. Nigerians and foreign watchdog groups describe accounts of candidates using thugs to steal ballot boxes and threaten voters during elections. Humi is an All-in-one Human Resources, Payroll, Benefits, and Insurance platform that saves you time so you can get back to what matters most - taking good care of your most valuable assets, people. Ibrahim Gambari, chief of staff to the term-limited President Muhammadu Buhari, says the outgoing president has made organizing a peaceful, free and fair election process a cornerstone of the legacy he hopes to hand to his successor and that he hopes civil society, political leaders and international partners like the United States can rally behind Nigerians as they exercise their right to vote. The paper will be relevant to the development board and the national development planners. 1. In addition, the GDP has decreased during the last few months. Most developing countries are not politically stable, e.g., there are frequent changes in government, . Enough emphasis cannot be placed on the role proper population census has to play in a good development plan. Reducing Fragility and building Resilience. Nigeria has enjoyed relatively strong economic development over the past seven years but poverty is still a major concern. Poor Leadership. Lack of skilled personnels: Brain drain has become a common phenomenon today, as our highly skilled professionals are now relocating to countries where there are quality infrastructures to work, great standard of living, and a good pay to match. Nigerias environmental and health standards are deplorable. 2023 United Nations Development Programme, http://dx.doi.org/10.1787/9789264267213-en, http://www.unisdr.org/we/inform/publications/43291. The National Social Safety Net Project has: Created a National Social Registry (NSR) for Nigeria, Captured about 814,376 households included in the National Social Registry and recorded about 3.2 million Direct Project Beneficiaries of the program, 49% of this number are female, By June 2019, almost a million poor and vulnerable households in the NSR had benefitted from 10,000 Naira bi-monthly Conditional Cash Transfer program; expected to reach 1 million poor and vulnerable households by end of 2019, Benefitted 20 states from targeted cash transfers. Some countries are disproportionately affected by shocks and stressors such as climate change, disasters, violent extremism, conflict, economic and financial volatility, epidemics, food insecurity and environmental degradation. Some of the challenges faced in . It Many of these assailants are disgruntled and jobless teenagers. Nigeria comprises of 36 different states with Abuja being the federal . This is due to the fear of not getting profit returns. As a means of surviving, many unemployed adolescents have turned to internet frauds. The government also needs to take a holistic approach to tackle these challenges by developing an innovative, long-term vision for their cities to thrive. Due to the escalating costs of education (school fees, enrolment fees, the cost of books and other materials), students and even their parents will not want to be held behind by any type of deficit or failure in any of the needed topics, and would thus go to any length to avoid being held back. It might be by bribery or connections, or by attempting to force someone who lacks quality into a position he does not belong. In these and other ways, energy is connected to every one of the SDGs. The southeast continues to witness unrest resulting from separatist agitations. Non-governing citizens are also judged guilty, even though they are supposed to be free of corruption. Healthy ecosystems are at the heart of development, underpinning societal well-being and economic growth. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Without a clear statement of aims such as the Ashby Report represents, it is impossible to work out the economic implications and to develop final feasible policies. j. Being your own boss pays better than anything else. Recommended: Effects of Unemployment On Individuals and the society.