Nigerian ICT

Sourced from Entrepreneur Platform. In the second quarter of 2018, youth unemployment peaked at 38% in Nigeria. Although there are no recent statistics, experts in the labour sector say the figure has surged year-on-year. Now with the worldwide reaching effects of the COVID-19 pandemic, the situation has become direr as various sectors of the economy and industries stand greatly threatened including the financial and technology industry in Nigeria. Recently, companies like Andela, a software engineering talent company, laid off 135 of its staff across four locations in Africa including Nigeria. The Vanguard Nigeria reports that some financial institutions and commercial banks have had to also take measures like salary cuts to thwart mass layoffs. Another financial institution, Ren Money, r...