Why Nigeria’s job market isn’t keeping up with economic growth

Nigeria’s economic growth is often celebrated, but a critical issue lies hidden beneath the surface: this growth has not been matched by proportional increases in formal wage jobs. As Ndiame Diop, the World Bank Country Director for Nigeria, points out, African economies—including Nigeria—generate fewer formal wage jobs from economic growth than many other regions in the world. This reality underlines a significant barrier to economic inclusion and highlights why economic progress alone doesn’t guarantee social prosperity.

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