According to the International Labour Organization (ILO) reports, global youth unemployment is on the rise. The youth represents a potential to change the society for the better. However, there are not enough jobs for young people. Somali youth are susceptible to negative consequences when they are unemployed. Long term unemployment severely affects the youth, with negative consequences on well-being and quality of life. Furthermore, being jobless undermines their trust in institutions and negatively affects their future perspectives of employment, increasing the risks of social exclusion and bad choices. Boosting a healthy innovative entrepreneurial ecosystem in Somali for young entrepreneur minded youth is one solution to curb the empty jobless youth.
KEY POLICY MESSAGES
- The Somali population is young; it is estimated that 70% of the population is below 30 years. If the youth are not engaged in productive enterprises, it will have a contrary lasting impact on socio-economic development of the country for generations to come.
- Crime affects Somali youth in an intrinsic level. It is easy for a young impressionable youth with bright future to get entrapped in criminal activities when they are not empowered and engaged, socially, academically and economically.
- Youth play a vital role in the development of the country, and represent the future of the country, thus there are serious social and economic consequences associated with not addressing the youth who are at the risk of negative circumstances that is detrimental to their future and in return the future of the country.
- Youth employment can help reduce the rate of poverty to a significant level. When the youth are equipped with essential skills, they become productive member of the society, and be part of the future investment of the country, aiding the nation economically. This will in-turn contributes to the increase employment and productivity of the country and add to the GDP of the nation.
- Given their high innovative potential, when youth are meaningfully engaged, they are creative, innovative and challenge the status quo and are more likely to find solutions needed to tackle social, environmental and economic challenges.