Labour Market Prospect of Graduates in Nigeria
Are college graduates in Nigeria enough taught? This inquiry is debated by the general population and the press. It is an issue of specific concern to graduates who are looking for occupation and to businesses who consider contracting them.
Graduates whine of large amounts of unemployment. The circumstance is of such worry that many unemployed graduates mounted a show before the presidential office (Aso Rock) on October 18, 2000. They requested that administration furnish them with occupations.
Employers complain that graduates are inadequately arranged for work. They accept that scholastic measures have fallen impressively over the previous decade also that a college degree is no more an insurance of relational abilities or specialized capability. As a result, college graduates are usually seen as “half baked”.
Stories and jokes possess large amounts of Nigeria in regards to the assumed weaknesses of university graduates. Yet observational data and reports are uncommon. What is the genuine circumstance? Is graduate unemployment a genuine issue? How do head honchos survey the capabilities of current degree-holders? How well do graduates perform when they are able to get work?
These concerns have incited the present study. It looks to answer these and other inquiries in regards to the levels of graduate readiness for beneficial vocation. The answers will be basic for comprehension Nigeria’s longer term prospects for monetary development taking into account the aptitudes and profit of its work power. The study was directed amid June – August 2000. It is taking into account an investigation of accessible work measurements and far reaching meetings with chiefs from 55 open endeavors, private firms, proficient affiliations and non-legislative associations.
The analysis of labor statistics indicates that the unemployment rate for university graduates may be around 25 percent and that their prospects for employment have worsened over time.
In addition, the share of graduates going into the public sector has fallen drastically.
The messages conveyed by these managers of surveyed firms are clear:
University graduates are poorly trained and unproductive on the job.
Graduate skills have steadily deteriorated over the past decade.
Shortcomings are particularly severe in oral and written communication, and in applied technical skills.
In many cases, employers compensate for insufficient academic preparation by organizing remedial courses for new employees. This increases the firms’ operating costs, and reduces their profitability and competitiveness.
KEY FACTS: The Nigerian graduate labour market
Average age at graduation: 24
Average graduate starting salary: NGN 20,000 – 50,000
Average working week: Monday to Friday, approximately 35-40 hours (full-time)
Holiday entitlement: Minimum 6 working days of paid leave per annum.
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