How To Discover The Labor Market And Get A Job – jobvacancynigeria.com.ng

“Fools weary themselves because they don’t know the way to town” so said the wise King Solomon. If you don’t know what to do, at least know 1) where to go or 2) who to go to for most people desirous of going to live in the United States, how comforting it will be if they found out that there is a route leading there from Ijebu-Ode! (But note that there isn’t such a route, please!). Recall that I said getting a job is simply about, 1) creating personal value, and 2) communicating that value. And I said that to create personal value, requires that each. 

And I said that to create personal value, require that each of us discovers his/her own innate personal value (or worth), discovers what the job market considers to be value and then become value-full (or valuable if you prefer). Having discovered you, you now need to explore the job market.

how comforting it will be if they found out that there is a route leading there from Ijebu-Ode! (But note that there isn’t such a route, please!). Recall that I said getting a job is simply about, 1) creating personal value, and 2) communicating that value. And I said that to create personal value, requires that each.  And I said that to create personal value, require that each of us discovers his/her own innate personal value (or worth), discovers what the job market considers to be value and then become value-full (or valuable if you prefer). Having discovered you, you now need to explore the job market.

What is the 21st century job market (Nigerian & global) like today? Remember someone said information is power. I’ve observed that most youngsters leaving our universities/polytechnics are obviously of the changes happening around them- they are mostly unaware of business and socioeconomic changes. This is largely because going through school, successfully, is already enough a challenge.

Those who have a slim idea of what is going on, lack the capacity to correctly interpret these happenings. Uninformed people have reduced their job search to just banking, oil sector and the new entrant telecommunications. I was part of an interview panel once and we asked a lady where she would like to work and she answered, “bank or Oil Company”. Would you believe that when we probed further, we actually discovered that her interests were really buying & selling!

So where are the jobs, today? I have listed here a number of job segments (or industry groups) for you to consider.

  • General impact of democracy and political reforms.

Many industries are blossoming now and this is largely due to democracy and the political reforms that have been going on for some years. When you practice democracy; other pro-democratic nations open their borders to you and are also more interested in living and doing business with you. Also with increased stability of democracy, evidence by the smooth transition of government foreign nations and organizations tend to invest more in your country.

  • Public-private partnerships (PPP)

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One main thrust of the economic reforms that has been going on in the last ten years is what is referred to as PPP. “It describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies.

In some types of PPP, the government uses tax revenue to provide capital for investment, with operations run jointly with the private sector or under contract. In other types (notably the Private Finance Initiative), capital investment is made by the private sector on the strength of a contact with government to provide agreed services.

Government contributions to a PPP may also be in kind (notably the transfer of existing assets). In projects that are aimed at creating public goods like in the infrastructure sector, the government may provide a capital subsidy in the form of a one-time grant, so as to make it more attractive to the private investors.

In some other cases, the government may support the project by providing revenue subsidies, including tax breaks or by providing guaranteed annual revenues for a fixed period.

Typically, a private sector consortium forms a special company called a “special purpose vehicle” (SPV) to develop, build, maintain and operate the asset for the contracted period.

In cases where the government has invested in the project, it is typically (but not always) allotted an equity share in the SPV. The consortium is usually made up of a building contractor, a maintenance company and bank lender(s).

It is the SPV that signs the contract with the government and with subcontractors to build the facility and then maintain it. In the infrastructure sector, complex arrangements and contracts that guarantee and secure the cash flows, make PPP projects prime candidate for project financing 19”.

Financial services. This sector consists of banking (universal, investment, microfinance banks), insurance, capital market operators, discount houses, bureau de change, primary mortgagee institution, private equity firms, financial advisory, and regulators (Central Bank of Nigeria (CBN), Nigerian deposit insurance Corporation (NDIC), Securities and Exchange Commission (SEC), National Insurance Communication (NAICOM) etc). Clearly this sector isn’t only about banking, as some may have thought. There has been a lot of activity in this area in the last few years. And this is due to the reforms instituted by the government. The Federal Government, through the CBN, decided on the following:

  1. That all banks should raise their capital base9 from N2billions to N25billion Naira. The result was that many couldn’t come up with the money by themselves, so they merged or combined with others and gave themselves new names (some adopted the names of the merging entities). So we went from 89 to 24 banks. For a full list of all the banks and the consolidation process, visit www.cenbank.org
  2. That insurance company should raise their capital base. This has resulted in mergers and acquisition of insurance companies by some banks. Varying degrees of minimum capital level increases were prescribed for the three categories of business. For life Business the minimum capitalization was raised by 1,233% from N150m to N2bn, while General Business Operators were required to make greater capitalization increases than the combined increases for Life and General Business. They were required to raise N10bn to be re-certified, an increase of 2,757% from the previous level of N350m.
  3. That interested persons can now set up Microfinance banks with a N20million as the minimum capital base. These banks were setup to: provide diversified affordable and dependable financial services to the active poor; mobilize savings for intermediation, create employment opportunity, enhance organized systematic and focused participation of the poor; provide veritable avenues for the administration of the micro programmes of government and render payment services.

FOR MORE JOB RECRUITMENT 2019 IN NIGERIA

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