“Underemployed graduates can master more skills, update their knowledge and improve their chances of getting a better job”
By 2030, the number of young people in the African labour force will increase to 375 million. According to the International Monetary Fund, population growth on the continent means that by 2035, there will be more young Africans entering the workforce each year than in the rest of the world combined.
Yet the African Development Bank has observed that only 3 million of the 12 million graduates produced by African universities find employment each year.
In Nigeria, according to the National Bureau of Statistics, unemployment has increased to 33.3% in the 4th quarter 0f 2020. Despite producing huge number of graduates, African universities are churning out too many graduates who possess little or no mastery of skills necessary for today’s job market. Oladapo Soetan, founder of Ajuwaya Learn, explains how edtech could offer a solution.