Nigeria's Online Blog

Nigeria needs to create about 25 million jobs over the next 10 years if it is to offer work to new entrants and cut halve the current unemployment rate in the country, according to a report presented yesterday.

The Next Generation report, which was put together by the British council, said by 2030 Nigeria will be one of the few countries in the world that has young workers in plentiful supply.

The report also said that Nigeria risks a "demographic disaster" if its teeming youth, which will be the country's most valuable resource in the 21st century, not oil, is the economy is not expanded to create jobs for them.

Presenting the key findings and recommendations of the report, Director General, Nigeria Economic Summit Group, Frank Nweke Jnr, said demographic factors are steadily elevating Nigeria's risk of conflict, adding that if the country fails to respond appropriately over the next 10 years, it could face a demographic disaster.

The report said Nigeria stands ready to collect substantial demographic dividends if it continues with recent positive economic growth and improve health standard.

It said if Nigeria harnesses a growing workforce, the country will be as much three times higher by 2030 and over 30 million people will be lifted out of poverty.

"In the worst case, Nigeria will see growing numbers of restless young people frustrated by lack of opportunity, increased competition for jobs, land, natural resources and political patronage. Cities that are increasingly unable to cope with the pressures placed on them, ethnic and religious conflict and radicalization and political system discredited by its failure to improve lives," the report said.

The report said Nigeria is currently in a poor position to maximize the economic opportunities created by its demographics, adding that shortage of jobs is a serious challenge, with young Nigerians taking many years to become productive contributors to the society.

Andrea Johnson Haynes wants her fellow Memphians to know that living a greener, healthier lifestyle isn’t just about the foods they eat.

Consumers, she said, should put more thought into the products they apply to their skin.

“Starting to go green starts with what you put on your skin. If you know better, you do better, and I want you to be better informed as a consumer,” said the proprietor of The Bubble Bistro, which makes fresh, natural products from scratch using raw ingredients including clays, herbs, fruits, nut butters and sea salts.

“The Earth is made up of everything you need to live comfortably and naturally.”

The Bubble Bistro, whose products are currently available through its website, bubblebistro.com, is scheduled to open its Memphis store in a 1,700 square foot retail space at 425 N. Watkins any day now.

But the business itself isn’t brand-new.

After several years of concocting skincare products as a home hobby, Haynes opened her first store on the island of St. Croix in early 2009.

The Memphis native first moved to the U.S. Virgin Islands in 2007 when her husband, an engineer in the gas and oil industry, accepted a job there.

Haynes also shipped her products to customers around the world through her online store.

But as her business expanded, she decided Memphis, an international shipping hub, would be a preferable home base.

“There are more people in one ZIP code here than there are in all of St. Croix,” said the mother of three, who returned with her family to Memphis late last year. “Logistically for the business, there’s no better place to be. Most of my customers are in the U.S. Basing the business in Memphis saves me time and money on shipping and receiving.”

Haynes said she plans to soon close the original St. Croix store.

“I don’t want to be an absentee owner,” she said.

Adamant about the quality and authenticity of her product ingredients, Haynes buys salts from Europe, the Caribbean and the Dead Sea, mango butter from Brazil and shea butter from Ghana.

“I buy the best quality ingredients in their most natural form, unprocessed and unpasteurized,” she said.

And she’s always on the lookout for quality local ingredients. She previously partnered with a brewery on St. Croix to produce beer bar soaps, and she’s hoping to do the same in Memphis.

“The hops and barley are great for the hair and skin and come out in the end product,” she said.

Haynes said the freshness of her products sets The Bubble Bistro apart from its larger competitors.

“It’s an experience all the way around. These products aren’t made by a robot with a 50-gallon drum. They don’t sit on a shelf for who knows how long. You get to meet the person who makes the stuff. The product doesn’t get any fresher: It just came out right this minute,” she said.

Client Nyteria Parrish said she’s been very pleased with The Bubble Bistro’s products.

“They’re all-natural and don’t contain chemicals. I also love the awesome aromas,” she said, adding that people should pay closer attention to the ingredient labels on their skincare products.

“If we use shampoo made of petrochemicals and other chemical preservatives, we absorb that. If we use natural shampoo made of natural oils and herbs, we absorb those botanical ingredients instead. Which would you rather have in your body?”

The Bubble Bistro’s best-sellers include shampoo bars and a detox body soak.

Haynes also makes mineral-based makeup, as well as full product lines for men, babies and pets – all reasonably priced, she said.

“I’m in charge of the overhead. There’s no need for a body scrub to cost $50. I set out to prove it can be done without all the fluff. It’s about the product.”

Haynes, 30, said her intent was always to start a business.

“I just didn’t know what it would be.”

After graduating from Wooddale High School in 1998, she went on to study business administration and entrepreneurship at LeMoyne-Owen College.

“LeMoyne-Owen has a phenomenal business department. It really doesn’t get the credit it should,” she said.

In addition to a work background in financial advisory, Haynes has taken courses in essential oils, herbology, chemistry and cosmetic science, educating herself on labeling procedures and ingredient safety levels.

“Anyone can learn to make soap in 15 minutes, but if you add too much of an essential oil, you can burn your skin,” she said.

Haynes said it’s a great time to be an entrepreneur in Memphis because “people are really going back to shopping at small businesses.”

She said the Memphis Regional Chamber has played a significant role in introducing her to the local business community.

Kelvin Kolheim, existing business consultant with the chamber, said mom-and-pop businesses such as The Bubble Bistro are the “jewels of our community.”

“We want to see boutique stores thrive just as well as FedEx. We do all we can to help,” he said. “We introduce businesses of all sizes to resources they might not know are available. We point them in the right direction.”

For Haynes, the right direction includes giving back to the community.

The Bubble Bistro recently donated 150 bars of handmade soap to programs that help the homeless – something she plans to do regularly when the Midtown store opens.

“I stand for what my business is. And I’m thankful and grateful there are people who appreciate what I do.”

The Federal Government, weekend, raised alarm over the increasing rate of unemployment in the country which hits a high of about 19.47 per cent.

To this extent, the Government said it would create enabling environment that would create jobs for Nigerians who have been graduating from schools annually.

The Minister of Finance, Mr. Olusegun Aganga in a joint briefing with the Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh and Commission for Insurance, Mr. Fola Daniel, in Lagos after a meeting with operators in the capital market and insurance industries on how to restore investors' confidence and move the economy forward said, " Our economy is doing well but we know as a country with great potentials we can still do better. Our target is to have double digit growth rate annually.

We want to assist the real sector to grow the economy by providing cheaper credit to the manufacturing industries. Government is worried over the growing rate of unemployment.

Unemployment is about 19.47 per cent, the real Gross Domestic Product (GDP) grew by 7.2 per cent, Oil GDP grew by by 3.2 per cent in first quarter 2010 compared with a contraction of 8.08 per cent in first quarter 2009 and 6.55 per cent in first quarter 2008 respectively.

The non oil sector GDP grew by 8.15 per cent and 7.9 per cent in first quarter of 2009 and 2008 respectively. These figures are from the Federal Bureau of Statistics. By all these measures our economy is doing well. But we know as a country with great potentials we can still do better"

On the state of the financial sector, he said, " Our banks are safe. The CBN has been able to put a lot of measures that would make the banks more credible and accountable.

The 14 banks who are not troubled are doing well while the other nine trouble banks are brazing up. So there is no need to continue to concentrate and talk about the troubled ones as the CBN has taken steps to address their problems."

While explaining the areas that government wants to urgently address he said, " Our target is to have double digit growth and we can achieve it . Our priority for the economic management change are into four broadly areas.

First, we want to address the issue of capital as we need to assist the real sector get capital for investment. We want the manufacturers to have access and cheaper credit to help engender productivity.

We want more job creation to be able to address the unemployment situation. This is very critical and that is why I make it clear to the committee established to look into this issue.

Given the growth of unemployment, it means we have not successfully converted our great advantage as a big nation producing graduate every year."

And the area that help to facilitate real economic growth must be well catered for. This is the challenge I gave the committee.

Continuing, the Minister said , Government will also create enabling environment as all barriers to productivity will be addressed. We would create enabling environment that would attract both local and foreign investors. The creation of infrastructure is another priority of government. Power is the key of them. If you ask any body here what they really need now an sure the person will say power, power , power.

We would remove barriers to attract investors to this area. So we want the private sector to come and partner with the government in the provision of infrastructure. Government cannot do it alone. We know we cannot afford to fund or finance the infrastructure deficit entirely from our budget.

We know we have narrow means and we know that to fill the gap is very important and that is why we call upon the private sector to drive infrastructure development. But Government must create that environment and we are working on that."

Aganga, further said there is need for investors to take advantage of the growing size of the pension funds whichstands at N1.7 trillion.

In his words, " In pension fund we have N1.7 trillion and that is growing monthly between N20 and N30 billion. It is important we make use of this money and put it to work to develop our economy bearing in mind and making sure that we have a right arrangement for managing the risk around it because this money has to be available when they have to be paid off. But this is long term capital that have to be utilized efficiently to help drive and grow our economy."

In the time it takes you to read this paragraph, the average recruiter will have plowed through six resumes. (We know; we timed one.) Want to increase the chances of your resume making it to the next round? Then don’t do any of these seven things, which recruiters say — more than anything — make them want to push the “shred” button.

Apply for a job for which you are not remotely qualified

Many candidates believe the job hunt is a numbers game — drop enough resumes, and you’re bound to land something. But shotguns are for hunting pheasant, not finding jobs. The reality is that recruiters hate wasting time on resumes from unqualified candidates. Morgan Miller, an executive recruiter at StaffMark, recalls the security guard who applied to be a financial risk manager (maybe Lehman should have hired him), while Scott Ragusa at Winter, Wyman talks of the aerial photographer who sought out a position as a tax specialist.

“Sorting through unqualified resumes is frustrating, unproductive and puts an extra burden on staff,” says Katherine Swift, Senior Account Director at KCSA Strategic Communications in Natick, Mass. “It also makes it much more challenging to find the right candidate.” So the next time you’re thinking of blasting out resumes to all 60 of the job listings on Monster.com that have the word “finance” in them , save your time (and that of the recruiters) and only apply for ones for which you’re qualified.

Include a lofty mission statement

More than ever, today’s savage job market is about the company, not the candidate. As such, mission or objective statements — particularly ones with an applicant’s hopes, dreams, and health insurance aspirations — will dispatch otherwise fine resumes to the circular file. Employers don’t care about how they can solve your problems — certainly not before they’ve met you and possibly not even after they’ve hired you. Instead, write an “objectives” statement that explains specifically how your skills and experience will help the company you’re applying to, not the other way around. And be very clear about what kind of job you’re seeking.

Use one generic resume for every job listing

To stand out amongst the sea of resumes that recruiters receive, yours must speak to each and every specific position, even recycling some of the language from the job description itself. Make it obvious that you will start solving problems even before you’ve recorded your outgoing voicemail message. Your CV or query letter should include a just touch of industry lingo — sufficient to prove you know your stuff but not so much that you sound like a robot. And it should speak to individual company issues and industry challenges, with specifics on how you have personally improved customer loyalty, efficiency, and profitability at past jobs, says workplace and performance consultant Jay Forte. Plus, each morsel should be on point.

“Think hard about how to best leverage each piece of information to your job search advantage,” says Wendy Enelow, a career consultant and trainer in Virginia. “Nothing in your resume should be arbitrary, from what you include in your job descriptions and achievement statements, to whether your education or experience comes first [recent grads may want to put education first] to how you format your contact information.”

Make recruiters or hiring managers guess how exactly you can help their client

Sourcing experts want to know — immediately — what someone can offer, and they won’t spend time noodling someone’s credentials. “Animal, vegetable or mineral? Doctor, lawyer or Indian chief?That’s what I’m wondering every time I open a resume. If it takes me more than a split second to figure this out, I feel frustrated,” says Mary O’Gorman, a veteran recruiter based in Brooklyn.

Don’t explain how past experience translates to a new position

Though candidates should avoid jobs where they have no experience, they absolutely should pursue new areas and positions if they can position their experience effectively. A high school English teacher applying for new jobs, for example, can cite expertise in human resource management, people skills, record keeping, writing, and training, says Anthony Pensabene, a professional writer who works with executives.

“Titles are just semantics; candidates need to relate their ‘actual’ skills and experiences to the job they’re applying for in their resume,” Pensabene says. An applicant who cannot be bothered to identify the parallels between the two likely won’t be bothered with interviews, either.

Don’t include a cover letter with your resume

A cover letter should always accompany a resume — even if it’s going to your best friend. And that doesn’t mean a lazy “I’m _____ and I’m looking for a job in New York; please see my attached resume.” Says Lindsay Olson, a partner at Manhattan’s Paradigm Staffing: “I’d like to know why you are contacting me (a particular position, referral, etc.), a short background about yourself, and a career highlight or two. It’s important to attempt to set yourself apart from the competition.”

Be careless with details

Reckless job hunters rarely make for conscientious workers. As such, even promising resumes must abide by age-old dictums: typo-free, proper organization, and no embellishment. Susan Whitcomb, author of Resume Magic: Trade Secrets of a Professional Resume Writer, says that almost 80 percent of HR managers she surveyed said they would dismiss otherwise qualified candidates who break these rules. She tells the story of one would-be employer who, when looking for an assistant, decided not to hire anyone because every resume she received contained typos.

“With a 6-to-1 ratio of jobseekers-to-jobs in the current marketplace, you can’t afford to make mistakes with your resume,” Whitcomb says.