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Surviving High Unemployment Rate in 2019

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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, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Travel

Paystack and Africa World Airlines Team Up to Enhance Passenger Experience

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Paystack - Investors King

Paystack, a leading financial technology company specializing in payment processing services, has announced a strategic partnership with Africa World Airlines (AWA), a prominent regional carrier operating in West Africa.

This collaboration unveiled through a joint statement by Jonathan Appiah, the Head of Commercial at Africa World Airlines, and Shola Akinlade, the Co-founder and CEO of Paystack, heralds a new era of convenience and efficiency for air travelers within the region.

The partnership aims to streamline the flight booking and payment process, offering passengers an array of seamless payment options tailored to their preferences.

With the integration of Paystack’s advanced payment gateway, passengers flying with Africa World Airlines can now enjoy hassle-free transactions, enhancing the overall travel experience.

Jonathan Appiah expressed excitement about the partnership, emphasizing AWA’s commitment to providing its customers with exceptional service.

He highlighted that the collaboration with Paystack allows AWA passengers in Ghana, Nigeria, and beyond to benefit from diverse payment methods, including card, mobile money, Apple Pay, bank transfers, USSD, PayAttitude, and QR codes.

“We are thrilled to partner with Paystack to offer our passengers a more convenient and streamlined booking and payment experience,” said Appiah. “At AWA, we are constantly seeking ways to enhance the overall travel experience for our customers, and we believe that this partnership with Paystack will significantly contribute to achieving that goal.”

Shola Akinlade, echoing similar sentiments, expressed Paystack’s enthusiasm for the collaboration, highlighting the company’s dedication to making the booking process accessible and inclusive for travelers across the region.

“We are excited to partner with Africa World Airlines to provide passengers with a convenient and reliable payment experience,” stated Akinlade. “By offering a variety of payment options, we aim to make the booking process more accessible and inclusive for travelers across the region.”

The joint efforts of Paystack and Africa World Airlines signify a commitment to innovation and customer-centric solutions in the aviation industry. As air travel continues to evolve, partnerships like these pave the way for enhanced passenger experiences and greater convenience in the skies of Africa.

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Air Peace Flight Makes Emergency Landing Due to False Fire Warning

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Passengers aboard Air Peace Flight APK7193 experienced a tense moment as the aircraft made an emergency landing at Murtala Muhammed Airport in Lagos following a false fire warning in the cockpit.

The incident, which occurred on Thursday during the flight from Port Harcourt, highlighted the swift response and safety protocols implemented by the flight crew amidst the alarming situation.

With 243 passengers and 12 crew members on board, the flight’s pilots noticed a fire warning indicator in the cockpit, prompting immediate action.

Acting swiftly, the pilots executed all necessary safety measures and initiated an emergency landing procedure.

At 4:45 pm, the aircraft safely touched down on Runway 18L at the Lagos airport, averting a potential crisis.

Upon landing, fire fighting personnel stationed at the airport observed smoke emanating from the engines, prompting the pilots to shut down the engines as a precautionary measure.

However, it was later confirmed that the observed smoke was unrelated to any fire event, reassuring passengers and crew of their safety.

Air Peace promptly issued a statement addressing the incident, titled “Notification of false fire alarm on Port Harcourt-Lagos flight.”

The airline clarified that the fire warning indicator noticed in the cockpit was indeed a false alarm.

The statement emphasized the airline’s commitment to safety and reassured the flying public that all necessary precautions were taken to ensure the well-being of passengers and crew.

“We want to reassure the flying public that safety remains our utmost priority, and we are unwavering in our commitment to it,” the statement read.

Despite the momentary panic caused by the false fire warning, the swift and coordinated response of the flight crew, coupled with adherence to safety protocols, ensured a safe and uneventful landing for all passengers and crew members.

The incident serves as a testament to the importance of rigorous safety procedures and the critical role played by well-trained aviation professionals in ensuring passenger safety.

As investigations into the cause of the false fire warning are likely underway, Air Peace’s response underscores the airline’s dedication to transparency and accountability in addressing safety-related incidents.

Passengers and industry stakeholders alike can take solace in the airline’s commitment to maintaining the highest standards of safety and operational excellence.

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Saudi Arabia Breaks 70-Year Alcohol Ban, Opening Shop for Diplomats

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Alcohol

Saudi Arabia has announced the opening of an alcohol shop in Riyadh, breaking a 70-year-long prohibition on the sale of alcoholic beverages in the kingdom.

This decision marks a significant shift in the conservative nation’s stance on alcohol consumption.

The alcohol shop, set to be located in Riyadh’s Diplomatic Quarter, will exclusively serve non-Muslim expatriates, particularly diplomatic staff.

This is the first time since 1952 that alcohol will be legally available for purchase in the kingdom.

The initiative aims to provide a legal avenue for diplomats who have previously relied on importing alcohol in sealed diplomatic pouches.

The decision comes as part of the Saudi government’s efforts to address the issue of illicit alcohol trade within the country.

By offering a legal means to access alcohol, authorities hope to mitigate the risks associated with underground alcohol markets.

However, the shop’s operations will be subject to strict regulations. Only diplomatic staff with prior registration and government clearance will be allowed to purchase alcohol.

Also, patrons must be over 21 years old and adhere to a prescribed code of conduct while inside the shop.

The introduction of the alcohol shop is a part of broader societal reforms under Saudi Arabia’s Vision 2030 initiative, aimed at modernizing and diversifying the kingdom’s economy.

While the move represents a significant departure from traditional norms, it aligns with the government’s broader agenda of liberalizing certain aspects of Saudi society.

While the alcohol shop signifies a progressive step forward, it’s important to note that the sale and consumption of alcohol remain strictly prohibited for Saudi citizens under Islamic law.

Violators of these laws are subject to severe penalties, including fines, and imprisonment.

Overall, the opening of the alcohol shop marks a historic moment in Saudi Arabia’s social and economic landscape, signaling a willingness to adapt to changing global norms while navigating the complexities of religious and cultural traditions.

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