The United Nations Population Fund report urges developing countries to come with the right policies and investment in human capital to empower young people
Countries should ensure that their young working-age population are equipped to seize up the opportunities for jobs and other income-earning possibilities in order to maximise the dividend.(Image:nyouthvillage.co.za)
Identified as the world shaping leaders for a global future by the United Nations Population Fund (UNFPA), the UNFPA has came forward with a report entitle ‘The Power of 1.8 Billion: ADOLESCENTS, YOUTH AND THE TRANSFORMATION OF THE FUTURE’ which shows strategic innovative policies in order to help young people around the world climb the economic soar.
The report outlines the importance of investing heavily in young people’s education and health and to protect their rights to gain a ‘demographic dividend’.
According to the report sub-Saharan African countries has repeated the East Asian experience by making the right investments in young people, enabling them to participate in decisions that affect their lives and adopting policies to bolster economic growth.
Hence, sub-Saharan African region as a whole could realize a demographic dividend amounting to as much as $500 billion, approximately Rs1.6 trillion, a year, for 30 years.
Moreover, the report outlined the fact that when a country’s working age population is larger than the population that is dependent and younger, therefore investing in young human capital is a socio-economic measure and a long-term realisation in order to achieve potential growth.
“While it is vital for policymakers and other stakeholders to reach out to young people, the responsibility also lies with youth-led organizations and youth activists to bring their involvement to the next level by establishing themselves as sustainable and reliable partners. Being accountable and professional are first steps in establishing their credibility,” stated the Contributing Editor, Irem Tumer.
Subsequently, countries should ensure that their young working-age population are equipped to seize up the opportunities for jobs and other income-earning possibilities in order to maximise the dividend.
For the UNFPA Executive Director, Babatunde Osotimehin mentioned that “the young people are the innovators, creators, builders and leaders of the future. But they can transform the future only if they have skills, health, decision-making, and real choices in life.”
Furthermore, according to the report millions of young people will not realize their full potential as leaders, as scientists, as politicians, as artists, as doctors, as peacemakers, as people with power to transform the future, if the countries do not come out with the right policies and investment in human capital.