EFFECT OF UNEMPLOYMENT ON NIGERIA ECONOMY

EFFECT OF UNEMPLOYMENT ON NIGERIA ECONOMY

ABSTRACT

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 into chapters, each dealing with specific matter. In the last chapter, the summary, conclusion, and recommendations were given which if implemented would reduce or eradicate unemployment totally in the nation. This study therefore concludes that low level of education is a potential reason for youth unemployment. Relating to this is the finding that lack of vocational skills could also be a reason for youth unemployment. This is probably because the youth who have vocational skills could establish their own enterprise. Therefore, the study concludes that acquisition of vocational skills could reduce youth unemployment. Again, rural-urban drift in Nigeria usually involve the youth who have run away to the urban areas in search of non-existing jobs. As this continuous, the number of youth unemployed will be escalating. The study concludes that rural-urban migration is a potential reason for the increases in the incidence of youth unemployment in the  Ifako-Ijaiye Local government.

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