The document discusses unemployment issues in Nigeria and proposes solutions. Specifically, it notes that over 23% of Nigeria's workforce is unemployed. It then proposes establishing a clean coal power plant funded through redirected constituency development fees to generate stable electricity, spur industry and job creation. This plant aims to employ 70,000 unemployed Nigerian youth over approximately 3600 hours.
[Challenge:Future] Checkmating the Menace of Youth Unemployment in Developing Economies-a Case Study of Nigeria
1. Team Name: Frontiers Employment Squad
Country: Nigeria
School: University of Delhi, India
2. When twenty-five thousand applicants apply for a job of five
slots
Qualified people are unable to secure job
23.9 per cent of Nigeria’s labour force is unemployed says the
CIA 2011 report
(Accessed from: https://www.cia.gov/library/publications/the-
world-factbook/fields/2129.html, accessed 21 February, 2013)
Educated youths between the age of 23 and 40 are affected the
most
3. The Nigerian economy is not diversified
Nigeria experiences epileptic power supply
The organized sector is inefficient and corrupt
Corruption affects business operations
Perpetration of political and religious violence
Low standard of education
4. Resort to economic, social, and violent crimes
People are unable to live their career dream
Talented youths migrate to Europe in search of greener pastures
Lack of patriotism by the citizenry
Degradation of employees labour rights
Increase in poverty
5. Constant power supply through clean coal
technology
Constant power supply lowers the cost of
manufacturing goods
Manufacturing industries create jobs
Crime rate will reduce once there are jobs
Clean coal technology will diversify the Nigerian
economy
Mining of coal will cause a demand for technical
knowledge
6. Clean coal technology is a capital intensive project
The construction of Schwarze Clean Coal Power Plant gulped US$ 100
million
(Accessed from:
http://www.scientificamerican.com/blog/post.cfm?id=first-oxyfuel-
clean-coal-power-plan-2008-09-04 , accessed 22 February, 2013)
Nigeria has 109 senatorial zones and 306 federal constituencies
The Nigerian Constitution provides for Constituency Development
Fee (CDF)
Most Nigerian legislators embezzle the CDF
7. Youths will pressurize the Nigerian legislators to
enact a law; the CDF Fund Act
Sensitization campaign for the CDF Fund Act will be
achieved using the social media
The legislators will be barred from dealing with the
CDF for a period of two years
8. A clean coal power company will be constructed in
Nigeria
Capital raised from the CDF fund will be used to
finance the power company
The company will employ qualified Nigerian youths
Constant power supply will spur industrial activities
9. Computerized data of employees to checkmate ghost
workers
The court should not spare corrupt public officials
Amendment of the Nigerian federal structure
Tax waivers for infant industries
Investment in the Nigerian agrarian and sports sectors
10. Number of hours the team will spend on the
solution:
Approximate of 3600 hours for the organization of the
project
Number of unemployed young people to be reached:
Total of 100,000 unemployed youths
Number of young people to be engaged:
Total of 70,000 unemployed youths