Mallam Nasir el-Rufai, on Thursday
bemoaned the spate of unemployment in
the country, saying despite his
connections, he had yet to secure jobs for
his two daughters, who are both holders
of Masters Degrees.
The former minister, whose lecture was entitled Impunity, Injustice and Insecurity: What Role for the Law,' said Nigeria needed to create three million jobs yearly to tackle its employment problem.El-Rufai said this while delivering a lecture at the Sixth Annual Alao Aka-Bashorun Lecture, organised by the Nigerian Bar Association, Ikeja Branch.
He said, "Forty-two per cent of Nigerian youths are unemployed.
"I have two daughters with Masters Degrees and they are unemployed. They have been at home for more than a year and I cannot get a job for them.
"We are sitting on a demographic time bomb and unless we have visionary leaders that are able to plan for the future, we will have a huge problem."
According to him, the Nigerian government is
spending N2bn daily on security, instead of
investing in infrastructure and human capital
development.
El-Rufai queried the N100bn Amnesty
Programme of the Federal Government, saying it had not solved the problem of pipeline vandalism and oil theft in the Niger Delta region.
He said, "Our oil production output is at its
lowest since 2009 as a result of oil theft and
closure of facilities by oil companies.
"That is why the government is borrowing more than ever and dipping into the nation's foreign reserves."
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