‘Technology and entrepreneurship is the solution to eradicating the unemployment gap in the country” Peter Ojike, the Director of Wavetra Energy LTD. – a wholly indigenous solar company in Nigeria said while speaking to our reporters, and truly there seems to be no breakthrough in sight as the NBS data suggests on every quarterly report, the 2018 Q3 report pegged unemployment in Nigeria at 23.1% underemployment at 20.21.% , youth unemployment and underemployment at an alarming 55.4 %. That means for every 100 Nigerian youth in the working-age range almost approximately 56 persons are either unemployed or underemployed. Successive Government have employed strategies in form of policies, loans, and setting up empowerment schemes from YouWin to Npower to mitigate the hydra-headed monster, but just like COVID-19, unemployment keeps waxing stronger and the data is there for all to see. Does tech truly hold the solution to bridging the unemployment gap in Nigeria? Read more at: https://www.vanguardngr.com/2020/08/how-solar-energy-coy-wavetra-is-fighting-unemployment-in-nigeria/ For more than 5 years, Wavetra Energy Academy has trained and empowered over 2,000 solar entrepreneurs and installers across the nation. These solar entrepreneurs have gone ahead to set up their companies across Nigeria and they have certified others as installers.
Companies have scaled up and more are being incorporated every year, One of such companies in Gombe state of Nigeria, owned by one of its former students has employed over 10 staff in a period of one year, more like a ripple effect, stories like these are told so people can understand the what opportunities lay ahead for prospective trainees who are interested in understanding the industry and wanting to train and acquire such skills to scale up their venture or trainees with no background who are interested in venturing into the industry. “We are at a crossroad especially with the new normal, a lot of people are losing their jobs and as part of our social responsibility, we are giving people the opportunity irrespective of educational background, who have shown desire to look beyond the now and switch to more fulfilling roles, as a company that’s what we are doing and we hope they will see this opportunity for what it truly is” said the spokesperson for Wavetra Energy academy, Joy Ozolua.
The International Energy Agency projects that energy generation by Photovoltaic module will reach a whooping 28TWH by 2040, from less than 1TWH in 2020 that translates to more than 2800% increase in energy generated from the sun, a massive industry is brewing in Nigeria and with its more than 200 million population in need of power for various needs the potential of the renewable energy industry is massive, to say the least. Read more at: https://www.vanguardngr.com/2020/08/how-solar-energy-coy-wavetra-is-fighting-unemployment-in-nigeria/