Unemployment rate:🇳🇬 Nigeria: 33.3%. Present situation,internal remedies and external aide needed ......explaination with facts

Nigeria's unemployment rate is currently at 33.3%, which is the highest it has been in over 13 years. This means that over 23 million Nigerians are unemployed. The unemployment rate is especially high among young people, with over 50% of those aged 15-24 unemployed.

There are a number of factors that have contributed to the high unemployment rate in Nigeria. These include:

• The slow economic growth in recent years.
• The decline in the oil industry, which has traditionally been a major driver of economic growth in Nigeria.
• The increasing population, which puts a strain on the country's resources.
• The lack of investment in education and training, which has led to a skills mismatch in the labor market.

The high unemployment rate has a number of negative consequences for Nigeria. These include:

• Increased poverty and inequality.
• Social unrest and crime.
• A decline in the country's productivity.
• A brain drain, as skilled workers leave the country in search of better opportunities.

There are a number of internal remedies that Nigeria can implement to address the high unemployment rate. These include:

• Increasing investment in education and training.
• Creating jobs in the public sector.
• Promoting entrepreneurship and small businesses.
• Reforming the labor market to make it easier for businesses to hire and fire workers.

Nigeria can also seek external aid to help address the high unemployment rate. This could include:

• Technical assistance from international organizations.
• Financial assistance to support job creation programs.
• Debt relief to free up resources that can be used to create jobs.

The high unemployment rate in Nigeria is a serious problem that needs to be addressed. The government and international community need to work together to implement the necessary reforms to create jobs and reduce poverty.

Here are some additional facts about the unemployment rate in Nigeria:

• The unemployment rate is higher in rural areas than in urban areas.
• The unemployment rate is higher among women than men.
• The unemployment rate is higher among young people than older people.
• The unemployment rate is higher among those with less education than those with more education.

The high unemployment rate in Nigeria is a major challenge for the country. It is a drag on economic growth, it contributes to poverty and inequality, and it can lead to social unrest. The government and international community need to work together to address this issue.