1. Roundtable Discussion on
“Job Creation:
Pathway to Sustainable Economic Growth”
A Presentation by:
Cutler Communications

2. Introduction
• Unemployment has become a global concern and it is one of the major global issues
today. The global economic crisis that began in 2007-2008 has had a huge effect on
the number of unemployed people around the world
• According to ILO Global Employment Trends 2013’s report, "An uncertain economic
outlook, and the inadequacy of policy to counter this, has weakened aggregate
demand, holding back investment and hiring. This has prolonged the labor market
slump in many countries, lowering job creation and increasing unemployment
duration."
5.1million
…to 2012
202 million in
2013
205 million in
2014
• As such, the world's unemployment rate and the number of the unemployed
worldwide is projected to continue to rise
Unemployment Rate

3. Overview:
Global Unemployment Issues
GLOBAL
UNEMPLOYMENT
ISSUES
International
Labor
Organization
Forecast that more than
200 million workers will be
unemployed in 2012
The United
Nations’
Agency’s
Report
Estimated that 50 million jobs had been
wiped out since the 2008 financial crisis, and
predicted no worldwide recovery in jobs and
incomes for at least another five years
The World of
Work Report
2012
forecast A global unemployment rate of 6.1 percent in 2012, with total world
unemployment rising from 196 million in 2011 to 202 million in 2012.
The unemployment total is projected to rise by another five million in
2013, and the rate to 6.2 percent
Sources:
ILO Annual Report; The World of Work Report 2012; The United Nations’ Agency’s Report: Global Employment Trend 2013
6% of the world's workforce were
without a job in 2012. The number
of jobless people around the world
rose by 4m in 2012 to 197m

4. Overview:
Africa Unemployment Issues
Population
• The whole of Africa
is about 1 billion and
about 800 million
are found in SSA
(where Nigeria also
belongs)
Youth:
under Age
30
• 62% of the SSA
population are under
the age of 30 – that is
about 500 million
people
Jobless
• 45% are either not
in school or jobless
– that’s about 220
million people
Africa
Unemployment
Issues

5. Overview:
Nigeria Unemployment Issues
Nigeria
Unemployment
Issues
SURE-P
World
Bank
Nigerian
Bureau
of
Statistics
Minister
of
Finance/
Economy
Unemployment Rate Average:
• 2006 – 2011: 23.90%
The NBS measures
unemployment rate by the
number of people actively looking
for a job as a percentage of the
labour force
Economic Report on Nigeria:
The official unemployment rate
had steadily increased from 12
per cent of the working age
population in 2006 to 24 per cent
in 2011. Preliminary indications
are that this upward trend
continues
Subsidy Reinvestment and
Employment Programme (SURE-P)
About 40 million employable
Nigerians are unemployed and the
number is increasing
Dr. Ngozi Okonji-Iweala:
The Federal Government
created 1.6 million jobs in 2012
and 431, 000 jobs in the first
quarter of 2013,” the country is
not creating enough jobs
Sources:
Nigerian Bureau of Statistic – Unemployment report 2011

6. Unemployment lies at the core of poverty. For the poor, labour is often the
only asset they can use to improve their well-being. Therefore, job creation is
essential for achieving poverty reduction, social development and
sustainable economic growth
How Do We Tackle Unemployment?

7. Who is Responsible for
Job Creation
The Government?
Organized Private
Sector?
Individuals?
It is unlikely for any government to create jobs for the 220 million jobless
Africans (Nigerians Inclusive), as such people have to become job creators and
not job seekers

9. Who is An Entrepreneur
The Tale of Two Shoe
Salesmen
Entrepreneurship is not about buying and selling; it is about
having the ability to look at a challenge, identifying opportunities
and creating solutions. It is about being INNOVATIVE

10. United States
The global leader in Prestige Beauty
Founded in the 1946 (68 years) with staff
strength of about 40,200 full-time
employees worldwide
Listed on New York Stock Exchange with
products sold in more than 150 countries
Core Focus:
Estee Lauder Companies have grown on the key principles of creativity, innovation and
entrepreneurship
“The entrepreneurial talents of our employees are one of our key strengths…..”
Estee Lauder

11. United States
Henry Ford
Founded in Dearborn, Michigan on
June 16, 1903 - now 111 years old
Ford Motor Company manufactures or
distributes automobiles across six
continents
It has bout 224,000 employees and
about 90 plants worldwide
Core Focus:
Our people do not believe a man can ever leave his business. He ought to think of
it by day and dream of it by night

12. Molson Coors Canada is North America's
oldest brewery founded by John Molson
in 1786 on the shores of the St. Lawrence
in Montreal Quebec
Canada
It operates in communities all over the
world, capturing the local flavors of each
region through strategic sourcing, and
bringing them to drinkers everywhere
Core Focus:
• Two things make us who we are and give
us the greatest competitive advantage:
- Our people and our brands
• We have built an employee culture
around passion, focus, responsibility and
results.
• We were started by pioneers.
And pioneers are still in charge

13. South Africa
Started in in Cape
Town in 1845 and
it has been
serving its
customers needs
for over 165
years
With no capital,
just the trust of
like-minded
individuals and the
unwavering belief
that together,
people can
achieve more than
alone
Operates in 34
countries
across Africa,
Asia and Latin
America
Listed on the
Johannesburg,
London,
Zimbabwe,
Malawi and
Namibia stock
exchanges
John Fairbairn
Core Focus:
We introduced a culture assessment tool to help us articulate the culture
our employees want to be part of and where they think Old Mutual is today

14. Are we Entrepreneurs in Nigeria

15. “We must promote
Entrepreneurship Education
and get businesses in the
Private Sector involved…”

16. The Pathway to Sustainable Economy is everybody’s
responsibility. This is a duty call to embrace
Entrepreneurship.
Government is calling for it and Cutler through this
platform unveils…