Good News: Swiss Firm Comes To The Rescue Of Unemployed Nigerians

 

Ulysse Nardin CEO, Patrik Hoffman

In a bid to reduce the high unemployment rate in Nigeria and also increase the luxury standard of the populace, the Swiss company Ulysse Nardin is set to begin the training of youths in the country in the art of wrist watch making and repairs.

In a conversation with Naij, Nardin said the training which is in partnership with Zakaa Luxury, would emphasize capacity building and also pass on the art of wrist watch making to young people in Nigeria.

 

Deremi Ajidahun, the chief executive officer of Zakaa Luxury, said that in addition to establishing a Ulysse Nardin Boutique in Abuja, which is the first in Africa and is a big statement in itself, the partners believe in giving back to the community through the training of youths in the art of watch repairs and watch making.

 

Ulysse Nardin has a long, rich history, full of craftsmanship and tradition; with the partnership it signed for the 45th America’s Cup with Sweden’s sailing team, Artemis, Ulysse Nardin hopes to be one of the leading Swiss watch manufacturers in the next five years.

Recently, the National Bureau of Statistics (NBS) said the unemployment level in Nigeria has increased to 9.9% in the third quarter of 2015. This, experts say is due to factors such as corruption, unstable electricity supply, over dependency on crude oil and non diversification of the economy.

 

During the presidential campaigns earlier this year, President Muhammadu Buhari and the All Progressives Congress (APC) said the present administration would pay the sum of N5,000 each to all unemployed graduates in the country.

 

Also, the acting director general of the National Directorate of Employment (NDE), Olakunle Obayan said the federal government will soon begin the registration of unemployed youths ahead of the payment of the planned N5,000 as social security stipend.