Nigeria Must Tackle Unemployment Now – Emefiele

Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has said Nigeria may slide back into another serious economic crisis if measures were not taken to tackle the high rate of unemployment in the country.

Emefiele gave the warning yesterday when he delivered a lecture titled: “Beyond the Global Financial Crisis: Monetary Policy Under Global Uncertainty” at the University of Benin (UNIBEN).

He had earlier on Tuesday said that there was a link between the level of unemployment, improved economy, and the level of insecurity in the country, stressing that “we all have to work together.”

In the lecture, the CBN boss emphasised the need for all stakeholders to think about how to improve the level of employment and reduce unemployment in the country.

Emefiele said that the country had made progress in the year under review but more efforts must be made to reduce the country’s unemployment rate. “…Whether you like it or not, there is global uncertainty that will unfortunately most certainly, lead to another crisis.

The question could be, how are we as Nigerians, particularly our leaders, I am talking of Monetary and Fiscal Policy authorities, how are we preparing our country for the next set of crisis?