80% of Nigerian graduates unemployed – CIPM

The Charted Institute of Personnel Management of Nigeria has advocated a drastic change in the mentality of job-seeking youths in the country by striving to become potential entrepreneurs and not job seekers.

The Director, Professional Development Directorate, CIPM, Dr. Charles Ugwu, said this in an interview with our correspondent during the second entrepreneurship/career fair in Abuja, where he put the percentage of unemployed graduates from Nigerian institutions of higher learning at 80.

According to him, the institute's youth development scheme is significant to changing their mindset from waiting to be employed to making them believe that they are potential job creators.

Ugwu said, "The programme is part of our corporate social responsibility of giving back to the society, and as you know, we are the first regulatory body for human resource management in the country. Nigeria has been saddled with the problem of youths coming out of schools without jobs or waiting for jobs that will never come.

"So, this is about paradigm shift, moving them now and stopping those who will be employed to being employment creators. There are certain categories of people not being employed. Some are unemployable, some are not employed at all and there are people who are doing jobs where they are underemployed. For instance, an aeronautical engineer selling recharge cards is underemployed.

"So if you check the quantum of people who are not sufficiently engaged, it is a very staggering figure. But in terms of percentage, I can tell you that over 75 to 80 per cent of Nigerian youths who are graduates are not fully employed, I mean graduates."

The CIPM director also stated that while some people had great ideas, they did not have the money to actualise such ideas, adding, "There are people who have tonnes of money in the bank lying idle waiting for people who can turn it around."

He said when youths embarked on job creation initiatives, social vices such as kidnapping and armed robbery would be reduced drastically.

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