Posted by Since implementing a policy that sought to diversify the Nigerian Economy away from its oil dependence in the 1980s, the country has seen substantial growth in its productive size and scale and in creating new areas of industry and employment. By 2014 it had surpassed South Africa as the largest economy within the continent and is projected to keep growing by an average rate of 2.9 percent per year until 2025.
In the face of economic prosperity and the emergence of new industries, the chance to experience upward socio-economic mobility in the country is much better than ever before. More better-paying jobs within traditional sectors and new positions within nascent industries mean the job market is a complex, ever-evolving environment.
Those about to enter university and curious about what degrees best optimize their chances of getting a good, high-paying position need to look no further, as this article will list down the degrees most suitable for employment in the country.
- A Degree In Business Administration
Getting a Bachelor’s Degree in Business Administration and further supplementing it with a master’s in the same field is a great way to stand out in both the corporate and public sectors. These programs focus on fostering the necessary leadership and managerial skills needed by businesses within any industry, making this degree a potent tool for employment across several sectors. These are crucial skills as they improve the ability of an individual to lead a team to achieve a particular task and make them more able to facilitate dialogue and negotiation with third parties.
Read also: Acceptance Rate at NC State and How To Get Accepted Easily
If you check out this blog post on the highest paid federal gov jobs in Nigeria, the value of an MBA is clearly illustrated. And indeed, the general applicability of the degree to various contexts and business structures means that it will be a valuable possession in all kinds of industries all around the world.
- A Degree In Engineering
For those with a more scientific or technical mind, engineering can promise a high-earning job in Nigeria. As a field, it is crucial to the growth of a developing country, with engineers playing an essential role in infrastructure design and development, helping drive technological advancement, and representing capacity building where more local engineers reduce the dependence on foreign expertise.
Within engineering, the most lucrative fields include petroleum engineering, where, despite the concerted effort to diversify away from oil, the country’s economy is still dependent on that resource. With crude oil accounting for nearly 80 percent of the country’s exports and making up one-third of its budget, specialists who can extract this oil from underground resources are in high demand.
An emerging field that has become increasingly lucrative is software engineering. The country has experienced a quick proliferation of technology users over the last 20 years. It has led to the creation of local tech companies with software development needs, making this a relatively new industry that pays well and offers the potential of quick corporate mobility.
Irrespective of what field you choose to work in, the study of engineering contains a lot of promise in a developing country, especially one characterized by an intention to achieve fast economic growth, as is the case with Nigeria.
- A Degree In Law
The significance of legal professionals for the Nigerian Economy can be explained by the growing demand for legal services and the relative scarcity of professionals available to cater to this surge. This change is explained partly by the population, which is the largest of any country in Africa, and the more significant factor is the expansion of business and the creation of new industries.
It has led to the need for more lawyers to help structure these sectors and individual corporations and determine their relationship with the state and its institutions. The development of these businesses has further led to demand for particular kinds of lawyers that are scarce in the country, with specialization in fields such as intellectual property, corporate law, or international law.
This context has made those with legal expertise a highly valued commodity within the corporate world. Those with legal training can work the traditional jobs of lawyer and judge but are now also involved in consulting with companies, helping create policy for the government on emerging sectors of business, and corporate advocacy.
Read also:How To Make You Study If you Don’t Want To Study
- A Degree In Medicine
According to the WHO, Nigeria is among the top 55 countries with a pressing shortage of health workers. This problem is primarily caused by Nigerian doctors emigrating to the Western World and was exacerbated by the covid pandemic, which saw many doctors leave the country. It has left a situation where becoming a medical professional is not only a noble task where you assist your country in dealing with its major health problems but also a profession, which due to a shortage of supply, has become very well paying.
This lack of supply is particularly noteworthy in areas of medical specialization like cardiology, orthopedics, neurosurgery, and radiology, making these worthwhile avenues to pursue those already within the medical profession. A heart or orthopedic surgeon is amongst the highest-paying jobs available in the country, both within and outside medicine.
Further, as is evidenced by the brain drain problem, doctors with experience from Nigeria have good prospects for finding future employment in a more developed part of the world and provide a great career choice for those interested in traveling to a country with more economic opportunities.
Read also: Best Colleges in the US – top ranking universities in US
Conclusion
Nigeria is characterized by its long-standing approach of attempting to achieve economic growth by diversifying the economic sector beyond its oil dependence. While this has not been eradicated, the lessening dependence is illustrated by the fact that it now only makes up a small portion of the country’s GDP rather than its primary contributor. This aim for diversity has led to a situation where plenty of opportunities are present within the traditional oil-based sectors, alongside the creation of new job opportunities in nascent industries that are still expanding.
To fully take advantage of the opportunities in both traditional and contemporary markets, the degrees outlined in this article will give their students the requisite skills to succeed in this climate.
SEE ALSO:
Trust you found our article on 5 Degrees To Consider To Land A Good Job In Nigeria follow our website for more interesting articles.