Lagos — Former Minister of Solid Mineral Resources Dr. Obiageli Ezekwesili has said that lack of value creation is the reason the growth of Gross Domestic Production (GDP) has not been able to reduce the level of poverty in the country .
Ezekwesili, who spoke yesterday in Lagos at a seminar/fair organized by the Nigeria Employers' Consultative Association (NECA)'s Network Entrepreneurial Women, regretted that despite the exponential growth of the GDP at 7 percent in the last 10 years Nigeria is still worse off.
She said this is more revealing in the current growth rate of 24 percent unemployment rate in the country.
Ezekwesili also said that the bulk of those in the unemployment bracket are the youth which puts Nigeria in dangerous situation of unrest.
The former minister said unlike its counterparts in the developed world, government has not given much aggressive approach to nip unemployment in the bud in Nigeria.
She said in order to tame the unemployment rate, the federal government should consider creating a requisite business environment for the nation's informal sector to thrive.
She explained that such environment would involve provision of infrastructure and facility which would ease the way of doing business for operators, especially women in the sector.
She also urged the private sector to consider skill development to drive employment in the country.
Speaking, President of NNEW, Mrs Lola Okanlawon urged the federal government to support women in reducing the poverty level in the country.
She told guests at the occasion that her organization had always strived to promote women empowerment and skill development, adding that the seminar/fair is one of the ways to show how far her group has gone in empowerment.