E-commerce: A Reliable Tool For Tackling Unemployment in Nigeria

Unemployment is a scourge affecting development in Nigeria. With more than 50 percent of the nation’s workforce out of formal jobs, an increase in social vices, as well as the decline in spending power is lending its weight draining the economy.

With a new government in power, efforts have been renewed to provide viable sources of income to a teeming population but the yields from this interventions are expected to take at least four quarters of active State support for impact to be seen, say analysts.

A key sector marked for the engagement of out-of-work youths is information technology with e-commerce playing a central role in revenue generation. At present, the online trade industry accrues a minimum of NGN1.5 billion every week, according to the Jovago Intelligence Report released last month.

Highlighting the importance of this sector as part of the nation’s future economy, pundits state that government can tap into the healthy future of e-commerce by creating an enabling environment for businesses to thrive in Lagos and other parts of Nigeria.

Today, companies like Jumia, Jovago, Carmudi, Lamudi, Easy Taxi, and Hello Food rule the e-commerce landscape. A large chunk of their employees are young adults between 22 and 30; a positive employment metric.

As the federal charter commences the registration of unemployed persons in a bid to fulfill President Buhari’s electoral manifesto and provide welfare packages to the disenfranchised workforce, calls for programmes designed to hone the skills of the unemployed youths in e-commerce has been on the an increase.

With motions supporting the development of Nigeria’s talent pool pending on the floor of the legislature, many hope that the plight of this segment of the population will be addressed soon.