Nigerian companies set to face massive resignations as international schools resume academic programs

Numerous socioeconomic problems are currently wreaking havoc on Nigeria, including unemployment, excessive prices for products and services, and insecurity. As of June 2022, Nigeria had one of the worst inflation rates in Africa (18.6%), and as of December 2020, it had one of the highest unemployment rates (33.3%), with an estimated 40 million unemployed Nigerians, according to Nairametrics.

Along with other security issues affecting the nation, federal universities have been on strike for over five months. As a result, many young people in Nigeria are using study visas to "japa," or leave the country in pursuit of greener pastures.

More Nigerian corporations are expected to lose a significant portion of their workforce in late summer as a result of widespread resignations, according to data collected from HR managers across the country by analytic platform Nairalytics.

In a bid to check out of the country, many Nigerian working-class youths are applying for study visas to get them out of the hardships of the country. As a result, more companies and enterprises will have more available positions between August and September 2022.

In 2021, when many professionals began to quit their jobs in large numbers, the theory of "The Great Resignation," also known as Big Quit or Great Reshuffle, gained popularity. According to research, HR managers have begun processing a huge amount of resignations starting from July, many of which are study visas. Even increased salaries or improved work conditions, according to several of them who want anonymity out of concern that disclosing the name of their firm could make it harder for them to recruit top talent, did not prevent their best employees from quitting.

Sweden offers jobseeker visas

In April 2022, Sweden introduced a new visa for potential employees and also provided a list of procedures for potential immigrants to move to the country with or without a job offer.

With this recent announcement, Sweden has joined Germany and Austria as European nations that permit immigration of foreign nationals without a work offer.

This is a great opportunity for Nigerians to migrate through other means besides education or issued employment, given the current shortage of employment options in Nigeria.

Among the requirements for eligibility are:

·        You must have completed your education at a level that was appropriate for your experience.

·        You must be capable of supporting yourself for the time for which you are asking for a visa and have a solid financial situation.

·        To look for work or to examine the option of beginning your own business, you need to have a clearly defined plan.

·        You need complete health insurance in order to receive medical treatment in Sweden.

·        A valid passport the entire period you intend to spend in Sweden is required. Since you cannot obtain a permit for a period longer than the validity of your passport, you should extend it if it is about to expire.

·        You must be living outside of Sweden.