The MasterCard Foundation has partnered with World Data Lab to launch the African Youth Employment Clock, a groundbreaking tool designed to track job growth and employment trends for African youth across six key countries, including Nigeria.
This initiative aims to address youth unemployment and create 30 million job opportunities across Africa by 2030.
The employment clock provides real-time insights into employment trends, enabling governments, policymakers, businesses, and educators to understand the current labor market.
This data-driven approach will inform stakeholders’ decisions to reduce youth unemployment.
At the launch in Abuja, MasterCard Foundation Country Director Rosy Fynn emphasized the tool’s significance.
“This tool helps us understand where we are, where we need to go, and how we can achieve our ambitious goals. It provides essential data to identify opportunities and make informed decisions to address youth unemployment effectively.”
Fynn highlighted the foundation’s commitment to empowering African youth, aiming to create 30 million employment opportunities across Africa and 10 million dignified jobs in Nigeria by 2030.
“We’ve provided nearly 3 million Nigerian youth with work opportunities, but there’s still a long way to go. The African Youth Employment Clock will refine our strategies and recommend data-driven programs to achieve our target.”
The clock is a valuable resource for identifying gaps and strategic opportunities across sectors, demographics, and regions. Its real-time data will benefit stakeholders in the public and private sectors, academia, civil society, and the youth community.
Fynn encouraged stakeholders to leverage the insights provided to drive positive change. “Let’s use this data to make informed decisions, drive meaningful change, and answer the call to action for our youth.”
This initiative marks a significant step towards tackling Africa’s youth unemployment crisis, transforming millions of lives across the continent.
