Demystifying Extreme Poverty In Nigeria
A
survey has it that Nigerian youths constitute more than 50 percent of the
nation’s population, and over 70 percent of this population are unemployed.
Going by this survey, any scheme geared towards empowering the youths cannot be
overemphasized since the active labour force in the country are the youths.
We have
learned that output declines caused by economic crises are the biggest source
of long-lasting welfare losses among developing countries. For this reason, the
first best contribution that the government can make to reducing poverty is to
help avoid crises.On average, it takes 6-12 years for countries to return to
pre-crisis per capita GDP levels after an initial output drop.
In my submission the only
panacea to peace and unity in the country is for leaders in the country to
pursue programmes that would empower the youths and eradicate poverty.Taiwo Ashaolu is an Healthcare / Insurance Practitioner From Lagos
Sources : Bretton Woods Journal , BusinessDay Online
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