What is it?
This policy brief presents the country case study of Nigeria, one of the nine countries selected for country-specific research.
Growth Sectors for Youth Employment (GSYE) is an African Economic Research Consortium (AERC) collaborative research that is seeking to provide research evidence on which economic sectors have the potential to significantly create employment for youth. The project was commissioned by INCLUDE, with support from the Netherlands Ministry of Foreign Affairs. The project is implemented by AERC in conjunction with the Economic Research Forum (ERF) and the Overseas Development Institute (ODI). The project aims to provide research evidence on the economic sectors with the highest multipliers and potential to create employment opportunities for young people in the continent.
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Evidence shows that …
1.) Youth unemployment are on the rise in Nigeria
2.) Nigeria has untapped potentials in cashew nuts, cocoa and sesame seeds
3.) Existence of production, trade and industrial clusters across geopolitical
zones in Nigeria
4.) All 12 sectors had positive employment elasticities ranging between 0.056
to 0.734 with the highest contributor from the financial services sector
5.) Increased access to finance, improved infrastructure and political stability
are conditions necessary for investments.