The growing trend of Nigerians falling below the poverty line is underpinned by high population growth rate and modest economic growth rate. With this reality comes a number of socioeconomic challenges. Addressing this problem will require job and value creation that factors the changes in Nigeria’s demographics, paying particular attention to the youth and women, and increasing productivity across different economic value chains, respectively.
Solving the problems will require application of deep understanding of issues and challenges that have stymied the Nigerian economy, and innovative ideas, initiatives and programmes that will generate meaningful opportunities and jobs to improve the welfare of the citizens different from the dichotomous and exclusive economic growth that caused the problem in the first place.
In formulating appropriate interventions, cognisance must be taken of our realities and the sheer scale of the opportunities and jobs that must be created.
At TAPI, our approach starts with in-depth assessment of the causes of and nature of unemployment among different demographic groups, and analysis of options and alternatives for sustainable job and wealth creation. Additionally, we look at key sectors of the economy, infrastructure impediments and key drivers when determining sector absorptive capacities, productivity enhancement and contribution to national GDP.
Careful consideration of the issues and challenges in the Nigerian economy resulted in the identification of health, education, transportation, energy, public-sector service and finance as key factors to achieve the overarching goals of job and wealth creation. Research carried out in these key areas allows TAPI to assess appropriateness and adequacy of government policies.