i need this in 16 hoursattached is draft of what  was done previous. Please use it for this assignment. Problem-Solution  In Unit V, you picked a periphery or semi-periphery nation and began resear

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Introduction of Problem

Nigeria is a peripheral nation in the western region of Africa. It is a country that is home to close to 200 million citizens, and is the most populated country in Africa, often referred to as the giant of Africa. The country is a leading oil producer in the region and is a major player of the oil and petroleum body in the region. The country is divided into 36 states and one federal territory, where its capital is located. The country has alternated between democratic civilian governments and military dictatorship until 1999, when it attained its first stable democracy (Okafor, 2014).

The population of Nigeria skyrocketed by 57 million citizens from 1990 to 2008. This was a 60% growth rate in less than 20 years. As of 2017, the population stood at 191 million with around 42.5% of these being 14 years and below, and 30% being aged between 25 and 54 years. Only 3.1% were 65 years or older. Of this population, close to 50% lives in urban areas, with the rest distributed in the vast rural countryside. These demographics have resulted in an economic problem that has proved to be too big for the populous country. The country cannot provide enough jobs for its people (Ajufo, 2018).

Despite the country being an oil producing country, it has been overwhelmed by unemployment. According to official sources, unemployment figures jumped shot by 30% in 2018 to 16 million of the adult population of Nigeria. It is estimated that less than 40% of Nigeria’s population is fully employed. In 2018, Nigeria also overtook India by having the largest number of people living in extreme poverty, which official figures put at 87 million. The employable youth of Nigeria, who are about 35% of the country’s population are the most affected by this problem, as most of them are either fully unemployed, or are employed in non-skilled labour jobs that pay low wages. The problem is however, likely to become worse, as the majority of the population is made up of school going children, who will also be out of school in a few years and will continue to face the menace of unemployment. Several factors, such as a struggling economy and an outdated education system have contributed to this worrying and devastating trend (Ajufo, 2018).

Solution

Despite the Nigeria being brought to its knees by the problem of unemployment, it potentially could, with the right strategies, pull itself out from the mess. The country is endowed with numerous natural resources, and the proper and strategic use of these resources could not only alleviate the problem of unemployment, but also the state of extreme poverty that the country suffers from. The country has at its disposal a massive and wiling workforce that it could utilize to rebuild itself and ensure that it resources as much as possible of the money made from its own resources (Okafor, 2014).

Many of Nigeria’s natural resources, such as oil, are mined and exported by private companies mainly from the United States. These companies exploit these resources and only leave a small amount of the money they make to the government of Nigeria. By eliminating these companies and using its own people to work and mine the resources, it could help solve unemployment and eradicate poverty at the same time. The country also needs to put firm strategies in place to ensure that leaders do not siphon money meant for the people, and ensure that all the money is used for the benefit of its people.

Conclusion

Unemployment is a thorn in the foot for many peripheral and semi peripheral countries world over. However, with the right strategies and proper management of resources, the effects of unemployment could be reduced to a minimum, and living conditions can be greatly improved.

Ajufo, B. I. (2018). Challenges of youth unemployment in Nigeria: Effective career guidance as a panacea. African Research Review, 7(1),, 307-321.

Okafor, E. E. (2014). Youth unemployment and implications for stability of democracy in Nigeria. Journal of sustainable Development in Africa 13.1, 358-373.