This disease has been in the system for far too long and so many have given up trying to eradicate it. The bls also provides a readable concise current employment situation. The jobs available in the labour market are not commensurate with the teeming number of unemployed persons. The objectives of the study are to examine the effects of unemployment on the nigerian gdp for the selected years, to observe the kind of association that existing between the unemployment and the makings of the nigerian gdp. The study examined the socioeconomic effects and the causes of youth unemployment in akwa ibom state. Impact of unemployment on economic growth in nigeria. Causes, effects, solution and rate of unemployment in nigeria. The economical and psychological pressure of youth unemployment is disaster to both individual and society awogbenle and iwuamadi, 2010. The majority of nigeria population, the poor people in affluent society, is enmeshed in the net of poverty. Get free research paper on impact of population growth on unemployment in nigeria.
It is significant because it will look into the cause and effect of youth unemployment in egor local government in south nigeria providing visible solutions to unemployment in that area. The nigerian government seem to have failed in its contractual obligation to. The effect of urbanization and unemployment on the nigerian economy. The causes and effects of unemployment on the nigerian economy includes abstract and chapter one, complete project material available the causes and effects of unemployment on the nigerian economy. The work is motivated by the seeming inability of the public sector to make and implement polices and programmes to curb the high rate of rural urban migration and unemployment that is usually experienced in nigeria. Some of the wellknown effects of unemployment on the economy are.
Unemployment rate in nigeria 2019 nigerias unemployment rate stood at 23. This study investigated the effect of unemployment on gross domestic product gdp in nigeria. Unemployment and security challenges in nigeria international. Nigeria is bedeviled with a dualproblem of high population and high unemployment. A link to national insecurity dr ejikeme jombo nwagwu department of political science, university of nigeria, nsukka abstract. Unemployment rate in nigeria 2020 and its economic. Download the complete economics project topic and material chapter 15 titled the socioeconomic effects of youth unemployment in nigeria here on projects. Determinants of the rate of unemployment in nigeria munich. From 2011 to 20 there is an increase of 16% unemployment growth rate in nigeria. It will bring to light various factors contributing to unemployment thus providing probable instrument to policy makers. The findings revealed that unemployment in nigeria among youths are caused by six major problems and six major effects which has created tension and hatred between the haves and have not, leading to communal clashes and the rise of such groups such as boko haram. Scope of the study the scope of this study is centred on the effect of unemployment on the nigerian economy, and it cover 1980 2010. Causes and effects of graduate unemployment on the. As a member, youll also get unlimited access to over 79,000 lessons in math, english, science.
Also, the findings revealed that unemployment in nigeria increased from 21. Economic effect of unemployment in the nigeria economy. Impact of unemployment on economic growth of nigeria. When considering the causes of unemployment we look at the economic condition and demography of the country. This article brings and discusses the main issues effects of the unemployment on our society and economy. Unemployment and underemployment report q4 2017 q3 2018.
The effects of unemployment on society and the economy. The rate at which unemployed graduates roam the street after the national youth service constitutes social malice to the country as. Impact of unemployment on nigeria economic growth 19812017 pdf. Effects of exchange rate fluctuations on economic growth. Poverty nigeria is a country with almost 200 million people and approximately 500 ethnic. Generally, many researches have tried to work on this topic to see how unemployment can be reduced if not eradicate unemployment from nigeria. The social effect of unemployment brings to light the need to proffer possible solution to salvage our nation nigeria 1. In the broad sense the term covers not only cyclical unemployment proper, but also seasonal unemployment. The national population commission npc, 20 states about half of the population is made of youth, defined as individuals between 18 and 35 years of age. The study of unemployment is important to the policy makers, politicians, general public as well as graduates in nigeria.
Rapid population growth is inimical to the economic and social development of a country. According to the economics help organization, unemployment can be explained as the number of people or people in the workforce who are willing, able and capable to work but do not have a paid job. Unemployment is generally said to occur when a person actively searching for a job is unable to find it. Haram terrorism and fulani herdsmen attacks in nigeria. Nigeria s population is said to have reached about 167 million people in 2012 national bureau of statistics. Banda 2016 investigated the relationship between unemployment and economic in south. Analysis of the effect of unemployment on the economic growth of nigeria chima chidi iloabuchi abstract.
The bureau of labor statistics provides uptodate numbers via a pdf linked here. In recent times, the incidencerate of unemployment in nigeria is worrisome. The model of this study is made up of one dependent variable unemployment rate and five explanatory variables government expenditure. See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. Unemployment has no significant effect on economic growth in nigeria. The effect of urbanization and unemployment on the. The effects of unemployment in nigeria are farreaching and cannot be swept under the carpet as they stare us in the face, daring us to do something about it. Does unemployment significantly impact on economic growth in nigeria. This thesis investigates the effects of unemployment and inflation on economic growth in nigeria between 19862012 through the application of ordinary least square ols technique in estimating the effects of unemployment and inflation on growth, augmented dickeyfuller test and phillip. Due to the increasing unemployment rate in nigeria, there have been adverse effects on both the economy and the society. Unemployment is one of the most serious problems facing nigeria like many other.
In nigeria today, there is a striking difference between the poor and the. Unemployment has significant effect on the economic growth in nigeria. The data used were sourced from the central bank of nigeria database and world bank data bank. The causes of unemployment are practically what happen in all sectors. Does unemployment significantly impact on economic. In other words, the aim of this article is to assess the magnitude of unemployment in nigeria and its effects on socioeconomic and political development in nigeria.
Abstract the rising youth unemployment in nigeria is indeed disturbing as engagements of unemployed youths in armed robbery. In this article, we take a look at causes and effects of high unemployment in nigeria. Causes, effects and solutions to youth unemployment. A case study of egor local government area of edo state, nigeria abstract this project work is on the causes and effects of unemployment. The issue of unemployment is a very serious one indeed, which cannot be tackled easily. The quarterly data was used for the estimation capturing the periods of 1981 through 2014. The purpose of this paper is to look into the causes, effects and solutions to youth unemployment problems in nigeria. Effects of unemployment and inflation on economic growth. Reduction in the national output of goods and services. This paper sought to estimate the impact of unemployment on the economic growth in nigeria, using time series data from 1999 to 2017. Analysis of the effect of unemployment on the economic.
The total population in nigeria is divided into labour force currently active and. Hence, the effects of various macroeconomic shocks depend on the exchange rate policy adopted by the country, it is therefore important to investigate the effects of exchange rate fluctuations on the nigeria economic growth and also the factors that influence exchange rate in nigeria. Unemployment means being out of job or a situation where the individual is wiling to work but has none. Unemployment is a macro economic problem that affects individuals most differently and severely. This definition established graduate unemployment as a specific type of unemployment among people with academic degree from higher. As a debate, due to nigeria s less availability of capital, low level of industrialization, high rate unemployment, etc.
Impact of foreign direct investment on unemployment rate. Click the download now button to get the complete project work instantly. Abstractthis study examines the impact of unemployment on the economic growth of nigeria from 1985 to 2010. A comparative analysis of the population and unemployment structure of three purposively selected and heavily populated countries in three different continents nigeria, china and usa were undertaken.
The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. The unemployment rate is still high, economic growth rate is low, etc. Unemployment has become a major problem and causes that has being bedeviling the lives of nigerian youths, causing mayhem like increased militancy, arm robbery, kidnappings violent crimes, restiveness and some many social vices. The consequences of unemployment in nigeria includes. As nigerias youth population grows, so does its youth unemployment rate, reaching nearly 11. Here we are discussing about the different unemployment causes and effects. This page provides the latest reported value for nigeria unemployment rate plus previous releases, historical high and low, short.
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