Effects of Unemployment in Nigeria. Due to the increasing unemployment rate in Nigeria, there have been adverse effects on both the economy and the society. The consequences of unemployment in Nigeria includes: Reduction in the national output of goods and services. Increased rural-urban migration. High level of poverty in Nigeria.
If the essence of this essay competition is for us, as youths, to do what we have written, then we won’t only say goodbye to youth unemployment but also olve the problem of drug trafficking to foreign countries (especially Asia and South America), prostitution by female Nigerian youths on the streets of Milan and Rome, illegal migration to European countries, pipeline vandalism, kidnapping.
Unemployment Rate in Nigeria increased to 23.10 percent in the third quarter of 2018 from 22.70 percent in the second quarter of 2018. Unemployment Rate in Nigeria averaged 12.31 percent from 2006 until 2018, reaching an all time high of 23.10 percent in the third quarter of 2018 and a record low of 5.10 percent in the fourth quarter of 2010.
In Nigeria, in 1985 the national unemployment rate estimated by the office of statistics was 4.3 percent of the labor force. The unemployment rate increased to 5.3 percent in 1986and 7.0 percent in 1987, before falling to 5.1 percent in 1988. This was as a result of measures taken under the SAP. Most of the unemployed were city dwellers as.
The consequences of unemployment in Nigeria are very severe and threatening to the citizenry and the economy as a whole. The unemployment episode has continued to pose so many challenges to the survival of the Nigerian nation. While some of these consequences bother directly on the unemployed, others like epidemics are limitless in effects. All these anomalies will be examined in the.
Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. Nigeria youth unemployment rate for 2018 was 13.72%, a 0.24% decline from 2017.; Nigeria youth unemployment rate for 2017 was 13.96%, a 1.48% increase from 2016.; Nigeria youth unemployment rate for 2016 was 12.48%, a 4.67% increase from 2015.
Unemployment affects the economy adversely as the productivity falls below the normal level. When there is high rate of unemployment in the country, government has to suffer extra borrowing burden due to decrease in the production and less consumption of goods and services by the people. Not only the unemployed people consume less its even employed has weak purchasing power due to fear about.
When discussing the causes of unemployment in Nigeria, we can’t but add this to the list because Nigeria is a victim of insecurity. EFFECTS OF UNEMPLOYMENT IN NIGERIA. Yes! I have made a point to the effects and solution to unemployment in Nigeria. As stated above about the importance of security to our country and how it affects some sectors.
From the content analysis perceptions of job seekers on the issue of graduate unemployment in a study conducted by Fajana (2000), the following factors were identified as the major causes of unemployment in Nigeria: the long period of initial unemployment among university graduates in Nigeria, faulty manpower planning and expansion of educational facilities that have unduly raised the.
In the study of youth unemployment in Nigeria, Adebayo (1999), Alanana (2003), Echebiri (2005), Ayinde (2008), Morphy (2008 and Awobgenle and Iwuamadi (2010) have identified the main causes of youth unemployment in Nigeria. Rural Urban Migration: Rural urban migration is usually explained in terms of push-pull factors. The push factor includes the pressure resulting from man-land ratio in the.
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Nigeria unemployment rate for 2018 was 8.24%, a 0.15% decline from 2017. Nigeria unemployment rate for 2017 was 8.39%, a 1.33% increase from 2016. Nigeria unemployment rate for 2016 was 7.06%, a 2.75% increase from 2015.
Also, the findings revealed that unemployment in Nigeria increased from 21.1% in 2010 to 23.9% in 2011 with youth unemployment at over 50%. From 2011 to 2013 there is an increase of 16%.
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.
The aim of this research work is to find out the effects of unemployment on Nigeria economy. Generally, many researches have tried to work on this topic to see how unemployment can be reduced if not eradicate unemployment from Nigeria economy. In the cause of this study, questions where sent out and interview conducted with a case study of Ifako-Ijaiye Local government. This work is divided.
The research focuses on determining the cause and impacts of unemployment, and how the problem of unemployment in Nigeria will be reduced, to a minimal level or even eradicated. It focuses on this objective is to determine the relationship between unemployment and economic growth in Nigeria (GDP). The method of analysis used in testing the hypothesis is the hypothesis is the T-test, F-test etc.Unemployment is a very serious issue in Africa (Vandemortele, 1991, and Rama 1998), and particularly in Nigeria (Oladeyi, 1994 and Umo, 1996). The need to avert the negative effect of unemployment has made the tackling of unemployment problems to feature very prominently in the development objectives of many developing countries.Unemployment is a hot issue in Nigeria, and many people are frustrated with widespread joblessness. Unemployment in Nigeria is like a disease for which the cure is not yet discovered. According to official statistics, 24% of Nigerians are unemployed. These numbers are worse for young people. Official Nigerian statistics say 38% of those under 24 are unemployed, but the World Bank estimates.