A new public opinion poll released by NOIPolls Nigeria reveals that Nigerians believe that the country has not fared well mostly in the areas of Job Creation (89 percent), Infrastructural Development (65 percent) and the Economy (63 percent). On a brighter note, 69 percent of Nigerians believe that the country fared well in the area of agriculture in 2018.
According to the survey, job creation as a burning issue comes as no surprise considering the rising rate of unemployment in Nigeria. According to National Bureau of Statistics (NBS) figures, unemployment rates rose from 16.2 percent in 2016 to 18.8 percent in 2017.
Infrastructural development is not only a crucial driver for progress, but is also a critical enabler of productivity and sustainable economic growth. For example, the constant electricity shortages, housing issues, rail lines, lack of proper road networks both inter and intra state, water and sanitation infrastructure have a direct impact on the overall economic growth of the country.
According to the Federal Mortgage Bank of Nigeria (FMBN), the country needs to build 720,000 units of houses per annum at a cost of N56 trillion per annum to close our housing gap. In the same vein, electricity, rail systems, airports, seaports are equally begging for financial attention and the implication of these is that the country needs several trillions of naira to address its infrastructural deficits.
On the economy, the National Bureau of Statistics (NBS) reported that the nation’s Gross Domestic Product (GDP) grew by 1.81% (year-on-year) in real terms in the third quarter of 2018, however, the average Nigerian is yet to feel the impact of this marginal increase. For instance, the African Development Bank report on Nigeria’s Economic Outlook 2018 revealed that about 152 million Nigerians live on less than 2 dollars a day, representing about 80 percent of the country’s estimated 190 million population.
The report further indicated that the country still faces significant challenges in foreign exchange shortages, disruptions in fuel supply, power shortages and insecurity in some parts of the country amongst other challenges. Finally, given the high unemployment rate faced by Nigerians, it is therefore essential that the issue of infrastructural deficit is addressed in order to create an enabling environment for job creation.
This will in turn help increase financial security and promote better standards of living of Nigerians, stimulate economic activities as well as reduce poverty and crime in the country.


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