An average of 14,794 new entrants get into Nigeria’s labour market on a daily basis, the 2018 National Health Demographic Survey (NHDS), has revealed.
This is even as in 2018, 5.4 million new entrants entered the labour market, unfortunately, however, on 500,000 jobs were in that year.
While making a presentation on ‘Nigeria’s Progress towards the SDGs: Why Nigeria may not meet the SDGs’, at a two-day media dialogue in Port Harcourt, an Independent Development Consultant to the United Nations Children’s Fund (UNICEF), Dr. Davis Omotola, warned that unless urgent measures are put in place, Nigeria may not attain the Sustainable Development Goals (SDGs).
The two-day dialogue on data driven reporting was organized by UNICEF in partnership with the Federal Ministry of Information and Culture.
He further revealed that Nigeria’s 200 million population projection in 2019 may hit 410 million by 2050 at the current rate if control measures are not put in place.
The expert regretted that only 46 per cent of Nigerians live above 1.9 dollars per day with the country having an estimated 98 million poor persons.
Dr. Omotola disclosed that for Nigeria to achieve the SDGs, it needs a whooping investment of US$ 350 billion, lamenting that the current estimate of public sector gap is put at US $100 billion
Speaking on the level of poverty in Nigeria, the expert said that “the pocket of poverty is multidimensional. 70% of poor Nigerians are found in 10 of the 36 states accounting for 68m of the 98 million.”
The breakdown of the states with a high population of poor people in the country, according to the report include Kano has 9.8m, Katsina 8.9m; Bauchi 7.6m, Borno 7.5m, Jigawa 7m, Zamfara 6.5.
The others, according to the report, include Kaduna with 6.2m, Niger 5m, Yobe 4.8 and Sokoto 4.7.
He enumerated some barriers to achieving SDGs to include policy implementation ineffectiveness and coverage, budgetary challenge and prioritization, security and socio-political challenges, the insecurity on individuals and institutions provide a unfavorable business environment for internal and foreign investors
Other barriers he said are disproportionate attention to the security sector by the Nigerian leadership, migration of people from area or region where there is prevalence of insecurity, social dislocation and population displacement, social tensions (ethnic and religious), general atmosphere of mistrust, fear, anxiety and frenzy and corruption – institutional and systemic.