Nigeria is the largest country in Africa, accounting for 20 percent of the population of sub-Saharan Africa. It is projected to be the third most populous country in the world by 2040. Therefore, her prosperity has implications for Africa and the world. Despite being a middle-income country, recent trends in poverty and vulnerability has raised serious concerns about the state of the Nigerian economy. Nigeria has one of the largest cohorts of youth population in the world. On average, more than 4 million Nigerians are expected to enter the labor force in Nigeria, every year, between now and 2050, whereas the job creation rates have simply not kept up in absorbing new entrants into the labor market. The Government of Nigeria was keen to learn from the experiences of the Republic of Korea in successfully managing the youth bulge in the economy and in devising policies and programs to respond to evolving challenges in its labor market. The Government of Nigeria was also interested to learn about Korea’s experience in designing and implementing a temporary migration scheme that provides employment opportunities to jobseekers from many other Asian countries. Nigeria is keen to develop and implement labor agreements with destination countries to explore the potential of international labor markets for providing jobs opportunities to the growing number of youths in the country.
Details
-
Author
-
Document Date
2022/06/21
-
Document Type
Report
-
Report Number
172827
-
Volume No
1
-
Country
-
Region
-
Disclosure Date
2022/06/22
-
Disclosure Status
Disclosed
-
Board Meeting Date
2022-06-21T00:00:00Z
-
Doc Name
Learning from Korea’s Labor and Migration Systems : Knowledge Exchange with the Government of Nigeria
- See More
Downloads
COMPLETE REPORT
Official version of document (may contain signatures, etc)
- Official PDF
- TXT*
- Total Downloads** :
- Download Stats
-
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.
Citation
Adhikari,Samik Thelma Seoeun Choi Yi,Soonhwa
Learning from Korea’s Labor and Migration Systems : Knowledge Exchange with the Government of Nigeria (English). Washington, D.C. : World Bank Group http://documents.worldbank.org/curated/en/099821106212239179/P1709640a4a8880890af1505371493f30fd