How Can Data Help the LSETF Create Jobs?

Fun fact – Lagos is both the smallest state in Nigeria and the most populous, with over 21 million people. Why is this piece of importance? It emphasizes the level of assistance Lagos needs in ensuring that its teeming and ambitious youth population – squeezed in a highly dense space – is adequately supported. The youth population is more likely to go into entrepreneurship and more likely in need of skills that make them employable than any other age group. Moreover, Nigeria’s youth unemployment (underemployment included) rate towers at 55%, making the youth population the most vulnerable in a...

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How LSETF Can Effectively Create Jobs

Samuel Insull was only 14 years old when he got a job with the European office of Thomas Edison in London. After working with Edison for 8 years, he had performed so well that he was transferred to America in 1881, on the recommendation of the company’s chief engineer, to work with Mr. Edison himself. Back then, the only way to bill people for the electricity they used was by selling bulbs to them and then charging them per bulb. But in 1894, during a visit to Brighton in England, he stumbled on a storekeeper who had invented a...

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Work, work, work, work, work

What Problem Are We Going to Solve? Nigeria has an employment problem, period. According to the most recent report from the National Bureau of Statistics available here, unemployment rose from 9.9% to 10.4%, the fifth consecutive rise since Q4 2014. Also, underemployment rose from 17.4% to 18.4%. The employment problem is particularly worrisome for the bulging youth population. The combined unemployment rate for those aged 15–34 years is 30.4%, while the underemployment rate is 54.4%. These are all worrying numbers, which will create a socio-economic crisis, if not resolved. This is why Governor Akinwunmi Ambode identified employment as a...

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