THE UNEXPLAINED AND IMPACT OF UNEMPLOYMENT IN THE NIGERIAN ECONOMY: AN ECONOMETRICS ANALYSIS
Keywords:
Diversification, infrastructure, insecurity, unemploymentAbstract
It is a known fact that the urge labour force in Nigeria affects the economy with respect to unemployment. Unemployment is a very alarming in Nigeria, information from the Federal Office of statistics does not pose any treat. The observed situation of unemployment pictures a more serious situation than what Federal Office of statistics pictures. The aim of this paper is to look at the unexplained unemployment in Nigeria with respect to economic study. Our findings show that 8% is unexplained with respect to labour force. The causes of unemployment in Nigeria include poor infrastructure, insecurity, and non-diversification of the economy and poor educational system. We recommend that government should look on other extraneous factors as well as human factors, in order to create jobs.
Downloads
References
Abedi, J. O., (2014). Economics for colleges-Teach-Yourself series. Global Publishers, Lagos.
Anyanwu, J. C., and Oaikhenan, H. E., (1995), Modern Macroeconomics: Theory and Applications in Nigeria, Joanee E ducational Publishers, Onitsha.
Anyanwu, J. C., Oyefusi, A., Oaikhenan, H., Dimowo, F. A. (1997). The structure of The Nigerian Economy (1960 – 1997). Joanee Educational Publishers, Onitsha.
Ekpo, A. H. (2011), Nigeria and the Paradox of Jobless Growth, BSJ, August 1.
Jonathan, G., (2011). Why Federal government must create jobs, expand economy. The Nation, October 26, pp 6.
Mankiw, N. G., (1994). Macroeconomics, 2nd Edn. Worth Publishers, New York.
Osamwonyi, I. O., (2012), Principles of Economics vol. II 3rd Edn. Joeseg. Associates Publishers, Benin City.
Ta Wiah, P. F., (2006). Basic Economics for West Africa 4th Edn. Idodo Umeh Publishers, Benin City.
World Bank, 2005. World Development Indication Wastington.
World Bank, 2007. World Bank Development Report Washington.
