From Africa Industrialization Day where Thomas Mattig of Friedrich-Ebert-Stiftung in conjunction with the Garment and Tailoring Workers of Nigeria stated:
via All Africa
Nigeria is experiencing solid economic growth for several years now. However, employment remains low and can hardly catch up with population growth. The sectors of the economy that are booming such as the banking, telecommunications and insurance industries, do not create many jobs.continuing:
...even a large bank branch will only employ a handful of people, while a factory can give employment to a whole town.regarding the oil industry:
The prosperous petroleum sector is built virtually on extraction and not value addition as Kaduna, Warri and Port Harcourt refineries remain comatose.and the critical informal sector:
It is also widely acknowledged that the informal sector provides over 70 percent of employment in the country, yet many workers daily face harassment and intimidation from Government officials at all level whilethere is no systematic programme of training and re-training in the face ofchanging technologies and market dynamics, credible programmes ofaccess to credits as well as decent workspaces.. This must change, workersin the informal economy need state support in capacity building, finance and patronage and social protection.More here
via All Africa
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