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“If you look from 1999 when Nigeria returned to democratic rule, you will find that the democratic experiment coincided with global economic recovery and improved liquidity in the financial system that should have improved lives of citizens,” Ayo Teriba, chief executive officer at the Economic Associates told CNBC Africa.
“We would have thought that would have given the Nigerian government space to translate these positive global developments into concrete domestic outcomes such as reduction in unemployment,” Teriba added.
Teriba explained that, the democratic regime had found it difficult to translate the gains to improve employment as unemployment has surged from eight per cent in 1999 to 30 per cent in 2014.
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Source: #CNBCAfrica
“We would have thought that would have given the Nigerian government space to translate these positive global developments into concrete domestic outcomes such as reduction in unemployment,” Teriba added.
Teriba explained that, the democratic regime had found it difficult to translate the gains to improve employment as unemployment has surged from eight per cent in 1999 to 30 per cent in 2014.
Click here to read more
Source: #CNBCAfrica