Bizzare unemployment rate in Nigeria

Employers wants kids to start working from age 10 so that when they graduate at age 23 they will be employable. its so pathetic

The National Bureau of Statistics late on Monday night released the country’s labour statistics for the fourth quarter of 2015 with the report putting the country’s unemployment rate at 10.4 per cent.
The Bureau in the report which was made available to our correspondent at about 10:32pm explained that the 10.4 per cent in unemployment rate for the fourth quarter was an increase of 500 basis point over the 9.9 per cent recorded in third quarter of 2015.It said as was the case in previous quarters, unemployment and underemployment was higher for women than men in the fourth quarter of 2015.
For instance, the report stated that while 12.3 per cent of women in the labour force (those between 15‐65 willing, able and actively working or searching for work) were unemployed in Q4 2015, another 22.0 per cent of women in the labour force were underemployed in Q4 2015.
It said Nigeria with an unemployment rate of 10.4 per cent in the fourth quarter of 2015 has a better unemployment rate than reported in 66 countries but worse than 111 countries, including 23 African countries which have unemployment rates lower than 10.4 per cent.
With eight million Nigerians technically unemployed (not including the remaining 14.4million underemployed), this means four per cent of the worlds unemployed are Nigerians.
“If we add the number of underemployed in Nigeria (though other countries and the ILO methodology do not add this to unemployment and keep these numbers separate like we now do in Nigeria) in the interest of seeking full time and gainful employment for Nigerians, then Nigeria will represent about 14 per cent of global unemployment.”

Looking at this statistics has made me ponder why we have this high unemployment rate despite the vast resources that this country has. When you see job adverts in Nigeria, the next thing that you will see is 10 years experience. What really bugs me is that how do you expect a graduate that is less than 25years to possess that kind of experience. When I see this things I just laugh it out and wonder how they would have gotten the experience they now possess if nobody had employed them and also told them to go and have 10 years experience before they come back to be employed.
 Time to think outside the box and create something that can bring money in for all of us rather than making money for someone to be rich and pay us peanuts. 
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