The intense global competition for talent is fueling an increase in the trend of people leaving their home countries, known as the "japa" wave.

The global competition for talent is expected to increase the outflow of Nigerian professionals, as countries such as Canada and Germany have recently relaxed their immigration laws to attract skilled workers from abroad. Developed nations facing an aging population and low fertility rates are seeking young professionals from densely populated countries to address widespread staff shortages in various industries.

Nigeria, being Africa's most populous nation, has experienced a significant loss of talent in recent years, commonly referred to as the "japa" wave. This has resulted in a shortage of skilled workers, particularly in the healthcare sector. According to Jennifer Oyelade, director of Transquisite Consulting, the "japa" wave will continue to grow as countries diversify their efforts to fill employment gaps caused by factors such as the Great Resignation in Europe, flexible working arrangements, and the economic impact of COVID-19. These countries are aware that they can access cheaper labor from Africa, specifically Nigeria. They believe Nigerians can fill vocational roles and contribute to their Gross Domestic Product.

Germany's Skilled Immigration Act, implemented in 2020, has made it easier for skilled workers, including those from non-European countries, to migrate to Germany. The shortage of skilled workers prompted the need for this legislation. On June 23, 2023, the German government passed an immigration law that aims to attract more people from outside the European Union for employment. One notable feature of the law is the introduction of an opportunity card and a points system, allowing foreigners who don't yet have a job lined up to come to Germany for a year to seek employment.

Similarly, Canada has announced its first-ever immigration tech talent strategy, creating new job opportunities for individuals from other countries. The country recently invited 500 healthcare workers under the new Express Entry category-based selection, with plans to invite an additional 1,500 in July. Canada has also identified 24 occupations in the Science, Technology, Engineering, and Mathematics fields that qualify for the Express Entry draw.

Last year, the Canadian government unveiled an ambitious plan to welcome 500,000 immigrants annually by 2025, totaling almost 1.5 million new immigrants over the next three years. Population projections show a decline in Germany's working-age population (15-64) by 17% to 44.3 million by 2050, highlighting the urgency of attracting skilled workers from abroad to address this demographic challenge.

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