Lack of skills continue to plague Nigeria

0 released its list of the ‘Top 100 best companies to work for in Nigeria’ and the oil and gas companies, Shell Petroleum Development company, Chevron and Mobil topped the list.

“I think one of the reasons why the oil and gas companies were very dominant in the top 10 is as a result of the compensation. Oil and gas, in terms of pay, tend to be the most lucrative,” Ayodeji Adewunmi, CEO at told CNBC Africa.

Nonetheless, graduates in the country are still faced with gross unemployment as the lack of adequate skills remains a huge problem.


“I think in terms of finding or getting a job in Nigeria, one of the biggest problems we have, which is also similar to other parts of the world, is the issue of skills.”

Last year, Zainab Abdulmalik, the Kwara State coordinator for Small and Medium Enterprises Development Agency of Nigeria, said that the lack of indispensable skills by graduates in the country is aggravating graduate unemployment and Adewunmi agrees as he believes the jobs are available but the people with the skills are lacking.

“You see a lot of industries and a lot of companies going to South East Asia and other parts of the world, to look for talent. So, I think one of the biggest issue we have in Nigeria, is the issue of skills,” he said.

While in Ghana, 31 per cent of the national budgetary is for education, Nigeria has designated only 8.3 per cent to education over the last five years which falls very short of the 26 per cent standard set by UNESCO. Adewunmi is certain that policy makers in the country need to make changes to this to make graduates more employable.

“The number one criteria or the single most important thing the employer is looking for in Nigeria is, do you have the skills, and do you have the experience to do the job,” he added.