A Microscopic View of the Effect of Unemployment on Economic Growth in Nigeria

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Prof. Abomaye-Nimenibo Williams Aminadokiari Samuel
Prof. Abomaye-Nimenibo Williams Aminadokiari Samuel Ph.D., M.Sc., B.Sc. Economics, MBA Management and UD, Personnel Management and Industrial Relations, Director of Postgraduate Studies, School of Postgraduate Studies
2
Past. Prof. Abomaye-Nimenibo
Past. Prof. Abomaye-Nimenibo
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Williams Aminadokiari Samuel
Williams Aminadokiari Samuel
1 Obong University

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Employment generation in Nigeria is a welcome phenomenon as alleviating poverty and increasing economic activities to gain economic growth. It is the opposite of unemployment that has a devastating effect on the Nigerian economy. Nigeria’s unemployment situation has increased with its attendant consequences of high social vices, enlarged poverty; under-utilisation of human capacity; social alienation, and weak Naira purchasing power. At different times, Nigeria’s government put policies and programmes to solve unemployment, but no meaningful achievement is seen so far. It was deduced that most of Nigeria’s established programs to fight against unemployment could not achieve their desired and expected results. Using secondary data, we recommend, among other things, that the agricultural sector be improved upon to create employment and reduce unemployment in Nigeria. The public and private sectors should join hands in their quests in reducing unemployment and embark on Entrepreneurial development; self-employment training and etcetera is encouraged.

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The authors declare no conflict of interest.

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Prof. Abomaye-Nimenibo Williams Aminadokiari Samuel. 2021. \u201cA Microscopic View of the Effect of Unemployment on Economic Growth in Nigeria\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 21 (GJHSS Volume 21 Issue E1): .

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GJHSS Volume 21 Issue E1
Pg. 27- 43
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Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification: FOR Code: 140299
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February 25, 2021

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Employment generation in Nigeria is a welcome phenomenon as alleviating poverty and increasing economic activities to gain economic growth. It is the opposite of unemployment that has a devastating effect on the Nigerian economy. Nigeria’s unemployment situation has increased with its attendant consequences of high social vices, enlarged poverty; under-utilisation of human capacity; social alienation, and weak Naira purchasing power. At different times, Nigeria’s government put policies and programmes to solve unemployment, but no meaningful achievement is seen so far. It was deduced that most of Nigeria’s established programs to fight against unemployment could not achieve their desired and expected results. Using secondary data, we recommend, among other things, that the agricultural sector be improved upon to create employment and reduce unemployment in Nigeria. The public and private sectors should join hands in their quests in reducing unemployment and embark on Entrepreneurial development; self-employment training and etcetera is encouraged.

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A Microscopic View of the Effect of Unemployment on Economic Growth in Nigeria

Past. Prof. Abomaye-Nimenibo
Past. Prof. Abomaye-Nimenibo
Williams Aminadokiari Samuel
Williams Aminadokiari Samuel

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