According to Ventures Africa, Nigeria places 3rd Largest Economy with a GDP of $377.9 billion, just behind Egypt which has $497.88 billion and South Africa with GDP of $524 billion. Renaissance Capital report says Nigeria can surpass South Africa's Economy by 2014.
So why is unemployment a huge challenge in Nigeria?
We are Africa's most populous nation. i think we can invest in our population. Reduce unemployment, you reduce poverty. For every above age 20 individual there are at least 2 dependants. Now that's why poverty is prevalent.
Our military strenght is yet to be what it should be, Nigeria churns hundreds of thousands of graduates annually. (Ask NYSC). How about recruiting these young smart unemployed graduates. They'd be glad to fight for their country and get taken care of!
Let's take a cue from Developed Countries. I selected America and Canada. See what they do for their people!
U.S : 561,437 Active personnel
566,364 Reserve and National Guard personnel
1,127,801 total see: US Army Wikipedia
Military age | 17–60 years old[N 1] |
---|---|
Conscription | No |
Available for military service |
8,072,010 males, age 17–60[3], 7,813,462 females, age 17–60[3] |
Fit for military service |
6,646,281 males, age 17–60[3], 6,417,924 females, age 17–60[3] |
Active personnel | 68,250 (31 March 11)[2] (ranked 56th) |
Reserve personnel | 26,873 (paid primary) 4,635 (Rangers) 15,573 (supplementary) (31 March 11)[2] Total Personnel = 115,349 |
Leadership
|
|
President of Nigeria
|
|
Defence Minister of
Nigeria
|
|
Chief of Defence Staff
|
|
Manpower
|
|
Available for
military service |
26,802,678[1] males, age 18–49 (2005
est.),
25,668,446 females, age 18–49 (2005 est.) |
Fit for
military service |
15,052,914 males, age 18–49 (2005 est.),
13,860,806 females, age 18–49 (2005 est.) |
Reaching military
age annually |
1,353,180 males (2005 est.),
1,329,267 females (2005 est.) |
Active personnel
|
130,000 (ranked
51)
|
Expenditures
|
|
Budget
|
$3,7 billion
|
Percent of GDP
|
1.5% (2006)
|
Nigeria we can do better!
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