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Surviving High Unemployment Rate in 2019



First Generation Unemployment
  • Surviving High Unemployment Rate in 2019

The year 2018 is coming to an end and there is nothing anyone can do about it, however, we can take a moment to reflect on series of events that defines us throughout the year and make necessary adjustments going into the new year.

As a nation, Nigeria is not going to reduce her 23.1 per cent unemployment rate in a year or two. Does that mean the unemployed have to put their lives on hold or continue to manage that low paying job?

The National Bureau of Statistics put the total number of underemployed people at 18.2 million in the third quarter of 2018, up from 18 million a year ago. Meaning, waiting for that desired job might take forever and if there is any opening at all be ready to compete with 39.1 million (total number of unemployed and underemployed) people looking to change their situation.

The question is why spending 5 to 8 years looking and praying for that desired job when you could have learnt a skill or two and start building that desired company? Nigeria’s current situation has no respect for graduates. According to NBS, 8.8 million of the 20.9 million unemployed Nigerians were first-time job seekers while the larger part of the remaining number were those that lost their jobs due to harsh economic condition. Again, zero job security after years of waiting and praying.

Start-ups is not just a permanent solution to never-ending job problems but also a national responsibility to reduce the high unemployment rate and enhance economic productivity as stated by the Vice President, Pro. Yemi Osinbajo, during the national VP debate.

Strategies to Survive High Unemployment Rate in 2019

Pick up a New Skill

It doesn’t matter how broke, busy or limited you are, learn a new skill in 2019. Join one of the numerous free online classes like World Quant University where students are taught data analysis for absolutely free and awarded a diploma certificate after 8 weeks. With the skill, you can become a data analyst and work as a freelancer for companies on Fiverr, Upwork and numbers of other websites. Also, you can start consulting for local companies and provide unique insights from their huge data.

A lot of people are stuck in their current situation, not because of limited opportunities but their inability to identify one amid life’s chaos. Often than not, we think we need millions to get started in life, whereas all we need to confront life’s challenges are what today armed us with and genuine efforts.

A lot of people are stuck in their current situation, not because of limited opportunities but their inability to identify one amid life’s chaos.

It doesn’t matter what skill you are planning to acquire, just ensure its a relevant skill with demand, online or offline.

Network With Like Minds

Starting a new business or learning a new skill with limited resources can be challenging but having the right people around you can help ease things and improve your chances. Startups generally struggle with sales at early stage so having people that trust you can help drive and sustain sales at the beginning.

The importance of networking can not be emphasised enough, especially in an economy like Nigeria. Talk to people that share the same aspiration like yourself and those that have done what you are trying to achieve, however, note that having a valuable network means you have to bring value to the table, its usually ‘trade by barter’.

Attend startups events, join professional social media group and write knowledgeably about your industry to establish your expertise. People like Richard Branson has proven that blogging can really boost sales and enhance brand penetration.

Use Social Media to Market Yourself

The advent of social media has changed the way managers approach marketing, in fact, most startups sell more online using their profile than offline where they lack a similar presence. The idea is to create familiarity and establish trust by speaking more about what you do and how businesses, people and friends can benefit from it.

According to Erik Qualman, we don’t have a choice on whether we DO social media, the question is HOW WELL WE DO IT.

Be professional, consistent and concise in every post.

Gaining attention on social media can translate to a job and boost revenue if the right strategy is adopted. It is good to note that you don’t need to have a tangible product, you can sell information and offer a service depending on your field.

Compliment of the season.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Sport Business

Arsenal Prepares €100M Bid for Napoli’s Victor Osimhen



Victor Osimhen

Arsenal is gearing up to make a significant splash in the summer transfer market, with plans to submit a formal €100 million bid for Napoli’s prolific striker Victor Osimhen in the coming days.

This move underscores the Gunners’ determination to bolster their attacking options ahead of the new Premier League season.

The news, reported by Italian journalist Ciro Venerato, highlights Arsenal’s ambition to secure a world-class forward who can enhance their offensive prowess.

“Arsenal will make an attempt with Napoli in the next few days after many rumors,” Venerato stated, confirming the North London club’s interest in the Nigerian international.

Victor Osimhen, who has been a standout performer for Napoli, has a release clause set at €130 million (approximately £110 million).

If Arsenal were to meet this clause, it would make Osimhen the club’s most expensive signing, surpassing the £105 million paid for Declan Rice last year.

However, reports suggest that Arsenal is hoping to negotiate a lower fee, with an initial bid of around €100 million (£85 million) being prepared.

Osimhen has made no secret of his desire to play in the Premier League, and Arsenal’s interest aligns with his aspirations.

Despite missing 11 matches due to injuries and his participation in the 2023 Africa Cup of Nations, Osimhen managed to score 15 goals in 23 Serie A appearances in the recently concluded 2023/24 season.

Arsenal’s pursuit of Osimhen is part of a broader strategy to strengthen their squad after narrowly missing out on a top-four finish last season.

The club’s management is keen to add depth and quality to their roster, ensuring they can compete at the highest level domestically and in European competitions.

In addition to Arsenal, other top clubs have shown interest in Osimhen. Chelsea is reportedly monitoring the situation, while Paris Saint-Germain has also been linked with the striker as a potential replacement for Kylian Mbappe, who recently joined Real Madrid.

The potential acquisition of Osimhen would be a significant coup for Arsenal, signaling their intent to compete with the best in the Premier League.

The Nigerian striker’s blend of pace, power, and finishing ability would add a new dimension to Arsenal’s attack, complementing the talents of players like Gabriel Jesus, Bukayo Saka, and Martin Ødegaard.

As the summer transfer window progresses, Arsenal fans will be eagerly awaiting further developments. The club’s willingness to invest heavily in a player of Osimhen’s caliber demonstrates their commitment to returning to the pinnacle of English football.

If successful, this move could be a game-changer for the Gunners, providing the firepower needed to challenge for major honors in the upcoming season.

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Sport Business

Finidi George Resigns from Super Eagles Role, Confirms Toyin Ibitoye



Finidi George

Finidi George has resigned from his position as the head coach of Nigeria’s national football team, the Super Eagles.

This news was confirmed by former Super Eagles media officer, Toyin Ibitoye, who announced the resignation on his social media account.

“News just in: Finidi George @FinidiGeorge_FG has resigned from his @NGSuperEagles manager position,” Ibitoye posted, causing a ripple of reactions among fans and football analysts.

Finidi’s resignation comes just days after the Nigeria Football Federation (NFF) disclosed plans to appoint a foreign technical adviser, a move seen by many as a shake-up intended to bolster the team’s performance.

This strategic decision by the NFF likely influenced Finidi’s choice to step down.

Appointed on April 29, 2024, Finidi’s tenure was notably brief. He succeeded Jose Peseiro, whose contract expired in February.

During his short spell, Finidi managed two World Cup qualifying matches, leading the Super Eagles to a 1-1 draw with South Africa and a 2-1 defeat to Benin Republic.

Despite the less-than-stellar results, Finidi’s appointment had initially been met with enthusiasm, with many hoping his extensive experience as a former international player and successful coach of Enyimba FC would translate into success for the national team.

The NFF’s decision to bring in foreign expertise highlights its commitment to enhancing the Super Eagles’ competitive edge on the international stage.

However, the timing of this announcement and Finidi’s subsequent resignation have sparked discussions about the stability and future direction of the team.

In response to the resignation, the NFF will need to expedite its search for a new head coach. This transition period is critical, especially with the ongoing World Cup qualifiers and other international fixtures looming.

Fans and stakeholders are watching closely, hoping that the new direction will bring positive changes and improved performances.

The NFF now faces the challenge of not only finding a suitable replacement but also ensuring that the transition is seamless to maintain team morale and focus.

The next few weeks will be crucial as the Super Eagles prepare under new guidance, aiming to meet the high expectations of their supporters and the nation.

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Woman Kills Boyfriend Over Dispute on ‘Yahoo Yahoo’ Earnings



In a shocking turn of events, a 27-year-old woman, Oluchi Nzemechi, has been arrested for allegedly stabbing her boyfriend, Kelechi Nzemechi, to death over a disagreement on how to share the proceeds from their internet scam business, popularly known as ‘Yahoo Yahoo’.

The incident occurred in the Ikeduru Local Government Area of Imo State.

According to a statement released by the Police Public Relations Officer, ASP Henry Okoye, the suspect has confessed to committing the crime.

Oluchi revealed during interrogation that her boyfriend had introduced her to the world of cybercrime.

Their illicit activities recently culminated in the successful duping of an Indonesian victim out of 250 million rupiah (approximately $16,500 USD).

The fatal dispute arose when Oluchi and Kelechi were discussing how to divide the substantial sum. The argument quickly escalated, and in a fit of rage, Oluchi grabbed a kitchen knife and fatally stabbed Kelechi.

Realizing the gravity of her actions, she attempted to divert suspicion from herself by leaving a misleading note on Kelechi’s body, which read, “You think you can eat my money and go free? I am baba for the boys. I am coming for your wife and your child, including your family,” before fleeing the scene.

ASP Okoye’s statement also mentioned that Oluchi and Kelechi had been living together since 2019 and had a child together.

The police are currently taking necessary steps to recover the fraudulently obtained 250 million Indonesian rupiah to return it to the rightful owner.

The suspect is now in police custody and undergoing further investigation at the State Criminal Investigation Department. She will be arraigned in court once the investigation is concluded.

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