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Learning from Korea’s Labor and Migration Systems : Knowledge Exchange with the Government of Nigeria (English)

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

    Adhikari,Samik, Thelma Seoeun Choi, Yi,Soonhwa

  • Document Date

    2022/06/21

  • Document Type

    Report

  • Report Number

    172827

  • Volume No

    1

  • Country

    Nigeria,

  • Region

    Western and Central Africa,

  • 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

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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

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