Youth unemployment is potentially dangerous as it sends disturbing signal to all segments of the nigerian society. When considering the causes of unemployment we look at the economic condition and demography of the country. Unemployment and poverty are both reflective and precipitants of plethora of. In nigeria, nearly a quarter of the population is out of work and 20 percent is underemployed for young people. Lack of regular electric power supply is the biggest cause of unemployment in nigeria. Unemployment is generally said to occur when a person actively searching for a job is unable to find it. Determinants of the rate of unemployment in nigeria.
Does unemployment significantly impact on economic. The unemployment rate in nigeria in this post, you will see the current rate of unemployment in nigeria. To this end, the rest of the paper is organized thus. Therefore this study seeks to investigate the impact of population growth on unemployment in nigeria. The aim of this research work is to find out the effects of unemployment on nigeria economy. Does unemployment significantly impact on economic growth in nigeria. On the compilation of labour force statistics for nigeria 1yemi kale and sani i. Socioeconomic impact of graduate unemployment on nigeria and. A comparative analysis of the population and unemployment structure of three purposively selected and heavily populated countries in three different continentsnigeria, china and usa were undertaken.
Less consumption has led to lower production and economic growth has been hampered. Reducing unemployment malaise in nigeria covenant university. Unemployment and inflation in nigeria project research ng. Unemployment rate in nigeria 2019 nigeria s unemployment rate stood at 23. It is important to state here, that sap adopted in 1986, had serious implications on employment in nigeria, as unemployment rate declined from 7. Causes, effects and solutions to youth unemployment problems in. Sep 23, 2014 several factors may be blamed for the prevalence of youth unemployment in nigeria. In view of the unfolding reality coupled with the protracted debates this paper attempts to examine the linkage between productivity and unemployment.
Get free research paper on impact of population growth on unemployment in nigeria. Having established that unemployment is an evil in nigeria which must be taken care of for growth to take place, it is important to look at the determinants of unemployment in nigeria. Several factors may be blamed for the prevalence of youth unemployment in nigeria. According to the source, the data are estimates from the international labour organization, an agency of the. Unemployment in nigeria has resulted in more and more people who do not have purchasing power. Unemployment in nigeria is defined as the proportion of labour force that. According to mohammed the the hallmark of poverty and crimes in nigeria is the level of unemployment among its activeage citizens. Generally, many researches have tried to work on this topic to see how unemployment can be reduced if not eradicate unemployment from nigeria economy. The impact of unemployment on economic growth includes. Sociopolitical implications of youth unemployment on. Undoubtedly, parts of the macroeconomic goals which the government.
It is on this breastplate that the study seeks for the development of entrepreneurship in order to sustain an economy of high level unemployment reduction. Sociopolitical implications of youth unemployment on nigeria. The national bureau of statistics nbs stated this in its labour force statistics. Analysis on level of unemployment in nigeria myschooltrick. This statistic shows the unemployment rate in nigeria from 1999 to 2019. According to the source, the data are estimates from the international labour organization, an agency of. Oct, 2010 unemployment in nigeria is a major problem both economically and socially. 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. Article pdf available january 2014 with 10,868 reads.
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. Pdf with the current population of approximately 182million people prb, 2015. Sociopolitical implications of youth unemployment on nigerias economic development doi. Nigeria youth unemployment rate 20142018 data 2019. Dec 20, 2018 lagos reuters nigerias unemployment rate stood at 23. The concepts of unemployment and entrepreneurship every economy is characterized by both active and inactive populations. On the compilation of labour force statistics for nigeria. You will also find the economic consequences of high unemployment rate in the country. The rate of youth unemployment in nigeria is high, even at the period of economic normalcy i.
Youth unemployment rate in nigeria decreased to 36. If not checked, this duo tyrant can pose devastating effects on the nations future economy. Reduction in the national output of goods and services. Oil prices still low coupled with production cuts nigeria economic outlook top 10 themes for 2019 source. Unemployment in nigeria is a major problem both economically and socially. Impact of unemployment on economic growth of nigeria. Chris ngige, minister of labour and employment, said this while declaring open a twoday workshop on. An examination of the causes of unemployment among. 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 and population are two solid indicators to a countrys development and growth. 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.
Structural unemployment occurs due to globalization and technological advancement which replace the workers with the machinery that causes the layoffs in the economy. Lagos reuters nigerias unemployment rate stood at 23. This is one of the primary causes of unemployment in nigeria. On the average, youth unemployment rate in nigeria is. It is when the factors affecting unemployment have been identified, that a move can be made towards using the necessary policy. This project work focuses on the analysis of unemployed persons in nigeria. The unemployment rate in nigeria is quite alarming, and the rate is increasing by the day. Specifically, it examines the dimensions of productivity and unemployment in nigeria as well as the direction of causality between them. In 2019, the unemployment rate in nigeria was at approximately 6. The ordinary least squares ols and augmented dickeyfuller methods. Doguwa computing unemployment rate using a 40 hours a week benchmark implies that any person who has worked for less than 40 hours during the reference week is considered unemployed.
The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. Feb 12, 2020 this statistic shows the unemployment rate in nigeria from 1999 to 2019. Impact of unemployment on nigeria economic growth 19812017 pdf. Unemployment convergence among the 36 states in nigeria. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Feb 16, 2019 africas most populous nation and largest economy has a youth unemployment problem. Pdf entrepreneurial education as a tool for reducing. Nigeria is the most populous black country in the world. Entrepreneurial development through education will. Productivity and unemployment in nigeria agecon search. Causes, effects and solutions to youth unemployment problems. The latest available data puts the unemployment rate at 18. Talking of how lack of electricity has caused unemployment in nigeria, the matter is multifaceted.
World bank rising oil prices will not be sustained in the long term as oil production increases globally and demand. The youth population in subsahara africa was estimated at 8 million people in 20022003, with 28. From 2011 to 20 there is an increase of 16% unemployment growth. Unemployment rate in nigeria 2020 and its economic. Final year research project topics, ideas and materials in pdf, doc download for free. Nigeria youth unemployment rate 20142018 data 20192020. They showed that gdp, population, inflation and foreign direct investment are significant determinants of unemployment in pakistan in both the shortrun and longrun analysis from 1976 to 2012. As nigerias youth population grows, so does its youth unemployment rate, reaching nearly 11. In 2019, the estimated youth unemployment rate in nigeria was at almost 20 percent. Unemployment also has social consequences as it increases the rate of crime. Revisiting the determinants of unemployment in nigeria. In nigeria, nearly a quarter of the population is out of work.
The study concluded that graduate unemployment was one of the nigerians socioeconomic challenges and to. Impact of unemployment on economic growth of nigeria mensch mind. Mar 02, 2019 this project work focuses on the analysis of unemployed persons in nigeria. Africas most populous nation and largest economy has a youth unemployment problem. The findings revealed that unemployment in nigeria among youths are caused by six major problems and six major effects which has created.
Feb 12, 2020 in 2019, the estimated youth unemployment rate in nigeria was at almost 20 percent. Impact of foreign direct investment on unemployment rate in. From 2011 to 20 there is an increase of 16% unemployment growth rate in nigeria. Department of sociology faculty of the social sciences ekiti state university adoekiti, nigeria. Abstract the rising youth unemployment in nigeria is indeed disturbing as engagements of unemployed youths in armed robbery. The issue of poverty and unemployment has continued to be a core subject matter in nigeria and other african countries alike. Abstractthis study examines the impact of unemployment on the economic growth of nigeria from 1985 to 2010. The national bureau of statistics nbs stated this in.
Due to the increasing unemployment rate in nigeria, there have been adverse effects on both the economy and the society. The 19902000 data on youth unemployment showed that the largest group of the unemployed is the secondary school graduates. Causes, effects, solution and rate of unemployment in nigeria the causes of unemployment are practically what happen in all sectors. Therefore, the information given by national bureau of statistics nbs and central bank of nigeria cbn on unemployment by educational level, agegroup and sex is subjected under statistical approach using different tools parametric and nonparametric test e. Owing to this, the national unemployment rate fluctuated around 6. The consequences of unemployment in nigeria includes. Brief examination of youth unemployment in nigeria youth unemployment across the world has reached a new high and is likely to climb further. Graduate unemployment in nigeria american international journal. Also, the findings revealed that unemployment in nigeria increased from 21. Abstract the study explored the phenomenon of graduate unemployment as well as its causal factors, consequences and remedies in nigeria.
As a result of the above, it becomes imperative for a study such as this to investigate if there is significant relationship between foreign direct investment, capital formation and unemployment rate in nigeria. This paper establishes a link between entrepreneurship and youth unemployment if. Structural transformation and jobless growth in nigeria. Impact of foreign direct investment on unemployment rate. Education in nigeria is devoid of the element crucial to averting the surging rate of unemployment in the country, therefore the breeding of psychological dependence on direct access to money. According to fadayomi, 1992, osinubi, 2006, unemployment is as. Last year, the national population commission said that the rate of unemployment in nigeria rose from 21. Causes, effects and solutions to youth unemployment. Unemployment in nigeria international journal of economics. The rate of unemployment in nigeria is unimaginably growing amidst alarming economic recession while population growth is on the increase. Nigeria defines unemployment as the proportion of the labour force that is available for work but did not work for at least thirty nine 39 hours in the week preceding survey period. If nigeria can tackle the high rate of unemployment in the country.
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