Author : Obianuju Chiekezie
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis Socio Economic Impact of Unemployment in Nigeria by : Obianuju Chiekezie
Download or read book Socio Economic Impact of Unemployment in Nigeria written by Obianuju Chiekezie and published by . This book was released on 2015 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is an empirical work that focused on the social economic impact of unemployment in Nigeria. The purpose of the study was to investigate the effect of unemployment on socio-economic development of the country with particular attention to poverty situation and Gross Domestic Product (GDP). Data for the study was generated using secondary sources. Analysis of the data was done with the aid of time series data and Ordinary Least Square (OLS). The analysis revealed that there is functional relationship between unemployment and socio-economic development, with reference to poverty and GDP. In view of the findings of the study, the study concludes that if unemployment problem is not tackled in Nigeria, then the total output generated in the country will continue to fall below its potential level. This implies loss on the entire nation and consequently socio-economic retardation. Based on the conclusion, major policy recommendations were proffered. In addition to improved educational system, provision of necessary infrastructure and enabling environment, Government should encourage and embark on Small and Medium Enterprises (SMEs) development, improve educational system, provide necessary infrastructure and other vital enabling environmental factors.