Former Chairman of Independent Corrupt Practice Commission, ICPC, Justice Emmanuel Olayinka Ayoola has said that the only way to solve the problem of unemployment is for the President-elect, General Muhammadu Buhari to create conducive atmosphere for investors immediately he sworn in on 29th of this month .
Justice Ayoola who made the declaration at the 3rd Grace Foundation day lecture and 10th anniversary of the foundation, held at the Trenchard Hall, University of Ibadan last Friday said the rate of unemployment among the youths today is very alarming.
The foremost jurist who was the chairman at the occasion where a lecture with the theme: Addressing Youth Unemployment in Nigeria, titled “Employing the Unemployable” said he was pained during his tenure as chairman of ICPC when over 200,000 applied for 200 vacancy in the commission .
Justice Ayoola noted that the rate of crime in the country is increasing because of annual increase in the number of unemployed youth, urging General Buhari to do everything possible to arrest the situation.
The former ICPC boss commended the President of Grace Leadership Foundation, Engr. Bola Olowe and his team for organising the lecture and urged him not to relent.
The guest lecturer, Professor Foluso Okunmadewa said, “the high rate of unemployment and especially youth unemployment, the increasing rate of entrants of skilled and unskilled youths into the labour market with low chances of getting sustainable jobs, and the resultant effect on social, economic and political stability of the country suggest urgent reformative actions.
Prof Okumadewa said that the National Bureau of Statistics, NBS revealed that the number of Nigerians living below poverty line rose from 68.7 million in 2004 to 112.5 million in 2010 out of a population of 140 million and 160 million respectively over the same period further emphasised that the actions in solving the problems of employing the unemployable required the partnership of the public, private and civil society organisations for effectiveness and efficiency.