The global economy has been in turmoil since the past few months and nothing better could be expected in developing countries too. Millions of Nigerians are on the verge of dropping out of school due to this Pandemic and lockdown situation. With such a massive reduction in schooling and a reduction in the number of jobs available, Nigeria can face serious existential crises in the coming times.
The think tank needs to address this issue right away and help people make an earning for themselves in these challenging times. The dynamics of the Global Economy are shifting and change in investor’s mindset has taken place quite significantly. Let’s explore 4 modern approaches that can help to empower Nigerian Youth.
Skills Training
The world, even the corporations, requires skilled labor to thrive in their domain. It is not just about computer literacy or ability to read and write, proper skills training where individuals know the specifics of any specific domain to the best of his ability. They would be able to create an employment opportunity for themselves if they know how they can handle specific work tasks.
Digital Trading
Cryptocurrencies, Forex, all these terms are for real and they now make up quite a portion of online digital trades. Bitcoin was first introduced in 2009 and has managed to survive despite legal hurdles and now it is intensively traded with platforms like Bitcoin Loophole platform.
If we can criticize educational systems with utmost honesty, it does not train an individual towards doing business and making an investment. If this type of mindset can be incorporated among youth, then it can mutually benefit both the government and people.
Vocational Training
Online Marketplaces awaits individuals with the right set of technical and vocational skills. The freelance economy has evolved too quickly and if Nigeria wants to truly unleash its potential to make the most out of this digital economy, an investment needs to be made within this domain. If authorities are able to provide a direction to the young people, then they can certainly observe unmatchable ROI while integrating with Global Freelance marketplaces.
Critical Thinking Skills
This is a bit advanced level skill that needs to be mastered by youth at any cost. Ability to think critically and make decisions accordingly is the need of an hour in these challenging times. The work dynamics are changing quickly and a flexible approach is required to maneuver the problems.
All of the necessary pieces of training for youth mentioned above cannot reap full benefits until critical thinking and situation analyses are learned. Practical demos and a bit of fieldwork can certainly enhance this skill and would be a massive confidence booster for the youth.
Nigeria faces serious poverty and economic issues and its impact has multiplied with the emergence of Global Pandemic. If people want to pursue their current lifestyles, they certainly need to walk an extra mile and make a living for themselves other than regular income.
