This research will discuss in details the causes of poverty and unemployment in nigeria. 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. The social effect of unemployment brings to light the need to proffer possible solution to salvage our nation nigeria 1. Unemployment in nigeria international journal of economics. Pdf impact of unemployment on nigerian economic development. Cause and effect of unemployment in the us the unemployment issue in the united states has been a thorny issue for a good number of years now. It will bring to light various factors contributing to unemployment thus providing probable instrument to policy makers. There are many reasons why people are unemployed, but in turn this state of unemployment can cause one to experience financial, emotional. Below are da few different reasons one could point out, almost at a glance, as to why this is so. From 2011 to 20 there is an increase of 16% unemployment growth. Effect of inflation on the growth and development of the.
Pdf causes, effects and solutions to youth unemployment. I hereby declare that this project impact of population growth on unemployment in nigeria is my original work and has not been submitted before to any institution either in part or in full for the award of any certificate. Causes, effects and solutions to youth unemployment. An essential factor that works towards alleviating poverty and reducing the rate of unemployment in any country, is a strong and viable economy. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. Also, the findings revealed that unemployment in nigeria increased from 21. The solutions to unemployment are combinations of the remedies of the causes of unemployment in nigeria. This paper sought to estimate the impact of unemployment on the economic growth in nigeria, using time series data from 1999 to 2017.
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. The broad objective of this study is to examine the effect of unemployment on economic growth in nigeria. Unemployment in nigeria is one of the most critical problems the country is facing. Theoritical framework the phillips curve two major goals of interest to economic policy makers are low inflation and. Cause and effect of youth unemployment in nigeria with abstract, chapter 15, references and questionnaire. To study the relationship between unemployment and economic growth in nigeria. Analysis of the effect of unemployment on the economic.
Impact of unemployment on economic growth in nigeria. Unemployment rate in nigeria 2019 nigerias unemployment rate stood at 23. Causes, effects and solutions to youth unemployment problems in. Due to the increasing unemployment rate in nigeria, there have been adverse effects on both the economy and the society. The process of cause and effect its hard to live a normal healthy life without a job and money. The economic effect of unemployment on the nigeria economy. This study investigated the effect of unemployment on gross domestic product gdp in nigeria. This has actually contributed to numbers of societal malaises among nigerians and can be traced to the malfeasances of all the governments that have been ruling nigeria since independence.
The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force. The unemployment rate in nigeria in this post, you will see the current rate of unemployment in nigeria. You will also find the economic consequences of high unemployment rate in the country. The unemployed constituted available book for political troubles shooters in a country. It affects not just the unemployed person but also family members. Economic effect of unemployment in the nigeria economy pdf. The impact of unemployment on economic growth includes. Lack of regular electric power supply is the biggest cause of unemployment in nigeria. Unemployment in nigeria causes effects and solutions.
Studies show that unemployment in nigeria was not a serious problem before and after the civil war 19671970, 10,11. 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. Unemployment is generally said to occur when a person actively searching for a job is unable to find it. The impact of unemployment on economic growth in nigeria. Impact of unemployment on nigeria economic growth 19812017 pdf. Provision of infrastructures such as good roads, ware house, market. Sep 23, 2014 as nigeria s youth population grows, so does its youth unemployment rate, reaching nearly 11. Unemployment is often used as a measure of the health of the economy. If there are no lucrative offers of employment, they.
If not checked, this duo tyrant can pose devastating effects on the nations future economy. This study examined the relationship between unemployment and economic growth in nigeria. Impact of unemployment on economic growth of nigeria. Therefore this study seeks to investigate the impact of population growth on unemployment in nigeria. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labour force. Unemployment occurs when a person who is actively searching for employment is unable to find work. Certification i hereby declare that this project impact of population growth on unemployment in nigeria is my original work and has not been submitted before to any. The rate of youth unemployment in nigeria is high, even at the period of economic normalcy i. Causes, effects, solution and rate of unemployment in nigeria. Impact of unemployment on economic growth in nigeria 1980 2010. Economic growth and the unemployment rate congressional research service summary a persistently high unemployment rate is of concern to congress for a variety of reasons, including its negative consequences for the economic wellbeing of individuals and its impact on the federal budget. Unemployment and underemployment as indices of nigerian. The years of corruption, civil war, military rule, and mismanagement have hindered economic growth of the country.
The data used were sourced from the central bank of nigeria database and world bank data bank. This study is an empirical work that focused on the social economic impact of 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. Economic effect of unemployment in the nigeria economy. Economic growth and the unemployment rate congressional research service 2 states that real gdp growth about equal to the rate of potential output growth usually is required to maintain a stable unemployment rate. Adverse impacts may take the form of lower levels of human capital, reduced wage rates and weakened labor force participation in the future. Tunji akande examines the factors contributing to its prevalence and policies that. Pdf effect of youth unemployment in nigeria international. Unemployment is a macro economic problem that affects individuals most differently and severely. Lets talk about the causes, effects and possible solutions to unemployment in nigeria.
Unemployment causes i am going to offer my theory as to the real cause of unemployment, for every cause there is an effect. Analysis of the effect of unemployment on the economic growth. Unemployment is a great problem associated with both rural and urban communities of the nigeria economy it results to the following problems to nigeria. Causes and effects of graduate unemployment on the. The issue of poverty and unemployment has continued to be a core subject matter in nigeria and other african countries alike. The economical and psychological pressure of youth unemployment is disaster to both individual and society awogbenle and iwuamadi, 2010. A case study of egor local government area of edo state, nigeria abstract this project work is on the causes and effects of unemployment. Nigeria is not an exception problem of youth unemployment there is relevant and as a developing country. When considering the causes of unemployment we look at the economic condition and demography of the country. Causes, consequences and remediable approaches longe, olukayode ph.
Talking of how lack of electricity has caused unemployment in nigeria, the matter is multifaceted. The quarterly data was used for the estimation capturing the periods of 1981 through 2014. May 01, 2018 poverty has a prevalent and epidemic issue in nigeria, it was thoroughly discussed, analyzed and how possibly to eradicate poverty and also cushion he effect of existing poverty in the nation, it is a topic well researched with facts and figure, sit back and read through. The objectives that will guide this study are as follows. However, years of negligence and adverse policies have led to the. Poverty nigeria is a country with almost 200 million people and approximately 500 ethnic.
Study of selected local government area in anambra state. The research was carried out to find out the problems and prospects of managers in a business organization. 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. Impact of unemployment on nigerian economic development.
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. A case study of egor local government area of edo state, nigeria abstract this project work is on the causes and effects of unemployment in nigerian economy. The consequences of unemployment in nigeria includes. Revisiting the determinants of unemployment in nigeria. Unemployment in nigeria causes effects and solutions free essays. To discuss the factors affecting unemployment and economic growth in nigeria. Impact of population growth on unemployment in nigeria senior research project by. What is the guarantee that large army of unemployed. Over the years, youth unemployment has taken a centre stage in most socials and economic discourse in nigeria because the youths remain the greatest asset and the life wire of any nation.
Free essays on effect of unemployment in nigeria brainia. Department of sociology faculty of the social sciences ekiti state university adoekiti, nigeria. The negative effect of this on the balance of payments cannot be overemphasized. School of arts and sciences, american university of nigeria. Unemployment in nigeria is defined as the proportion of labour force that. Youth employment in any nation is universally acknowledged as the basic source of survival and economic development ajaji, 2008. The rate of unemployment in nigeria is unimaginably growing amidst alarming economic recession while population growth is on the increase.
Economywatch, 2005 report that unemployment in nigeria is one of the. The longterm effects of youth unemployment on later labor market outcomes are critical factors in the evaluation of government policies that affect the youth labor market. Reduction in the national output of goods and services. The performance rate, as well as the growth rate of the nigerian economy, is. Unemployment is one of the major issues affecting nigerias economy and its society. The unemployment rate in nigeria is quite alarming, and the rate is increasing by the day. Analysis of the effect of unemployment on the economic growth of nigeria chima chidi iloabuchi abstract. Effect of unemployment in nigeria economy project topics. Approximately 60 million people social, political, economic and cultural problems in nigeria are between the ages of 15 and 25. The findings revealed that unemployment in nigeria among youths are caused by six major problems and six major effects which has created.
As nigerias youth population grows, so does its youth unemployment rate, reaching nearly 11. Causes, effects and solutions to youth unemployment problems. Economic effect of unemployment in the nigeria economy a. The aim of this research work is to find out the effects of unemployment on nigeria economy. Nigeria is endowed with diverse and infinite resources, both human and material. Abstract the study explored the phenomenon of graduate unemployment as well as its causal factors, consequences and remedies in nigeria. Generally, many researches have tried to work on this. The rate of unemployment has increased during last few years due the fallout from the economic challenges. Financial managment in a small businesses in nigeria. Cause and effect of youth unemployment in nigeria sociology. What was noticeable as at then was a temporarily gap between searching for job by graduates and. Impact of unemployment on economic growth of nigeria mensch mind. The purpose of the study was to investigate the effect of unemployment on socioeconomic development of the country with particular attention to poverty situation and gross domestic product gdp.
The research work used ordinary least square for estimation. Unemployment in nigeria is one of the critical and major problem the country faces in its present years. That all about history of poverty in nigeria causes, effects, and. Effect of unemployment in nigeria economy edustore. Jul 12, 2019 over the years, youth unemployment has taken a centre stage in most socials and economic discourse in nigeria because the youths remain the greatest asset and the life wire of any nation. Get free research paper on impact of population growth on unemployment in nigeria. From 2011 to 20 there is an increase of 16% unemployment growth rate in nigeria. A study of selected local government area in anambra state, nigeria. Causes and effects of graduate unemployment on the nigerian. The causes of unemployment are practically what happen in all sectors.
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