Who are we going to blame for this kind of situation in a country, when degrees are no longer value in the companies. I think government have to be blame on this kind of situation because the graduates have spend a lot of funds to acquired those degrees in a university, hoping that they will get a better Job that will change their life forever but no good Job in the country that will help them to earn a good salary that will make them look good like someone that have degree, if the government can build more companies or create more opportunity for citizens to bring in foreign investors into the country, I think it will make job to be available for those that want to use their degrees to get a good Job in the country.
In almost all developing countries this problem occurs. Where more students graduate and become undergraduates but after that they cannot find a job that matches the degree they received. The point is that every year there are always more people who successfully graduate from college than there are jobs available. And actually this has become a common problem nowadays.
So don't be surprised if currently there are many college graduates with high grades and many achievements but they don't work and earn money by relying on the diploma or degree they have. Most of them now prefer to create their own business and start earning from it. Because they know that life must go on and if they continue to only rely on their diplomas and make job applications to various companies but are still rejected then well they have to take another step. And nowadays, even to be accepted into a good company, sometimes you have to go through back channels. either by having a relationship in it or even by paying a certain amount of money. Practices like this are common today. What makes even an accomplished person unable to find a job is because they don't have relationships or money.