Reckless Abandonment of Legacy Companies Worsens Unemployment in Southeast States

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 13 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 94%

Economy News

Legacy Companies,Unemployment,Revenue

Reckless abandonment of legacy companies of yesteryears may have worsened the general high unemployment rate and dwindling revenue in the five Southeast states. The five states including Abia, Anambra, Ebonyi, Enugu, and Imo not only have their lots among low revenue earning states nationwide, they also account for some of the highest ratio of unemployed youth per population. Yet, across the East are relics of prime establishments that dated back to the1960s, during the administration of Premier of the old eastern region, Dr Michael Okpara, who laid a strong economic foundation for the region’s prosperity

Reckless abandonment of legacy companies of yesteryears may have worsened the general high unemployment rate and dwindling revenue in the five Southeast states. The five states including Abia, Anambra, Ebonyi, Enugu, and Imo not only have their lots among low revenue earning states nationwide, they also account for some of the highest ratio of unemployed youth per population.

Yet, across the East are relics of prime establishments that dated back to the1960s, during the administration of Premier of the old eastern region, Dr Michael Okpara, who laid a strong economic foundation for the region’s prosperit

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines