UNEMPLOYMENT IN NIGERIA PT2

that serve as performance indices. The question is wether these cash could have been better spent to create more value, as we economist say "the opportunity cost of the venture". Does the Nigerian economy posses the potential for new job creation? Undoubtedly yes. The nigerian economy today function far below maximum output, as such unemployed resources exist within the country. The Nigeria of today has about one medical doctor to five thousand people. Imagine if every local government were to build at lest two primary health center in there locality instead of employing there political cronies into the local government. Even though they have absolutely nothing to do in there. These alone can creat over ten thousand direct employment and at lest fifty thousand indirect employment. Another option would be to put our national reserve in our commercial banks, these will push down the cost of borrowing and just maybe intrest rate can go into single digit. The government can also engage in direct investment, that is build industries and put them on the stock exchange after three to four yes. My believe is that these measures if applied will go a long way in solving the problem.