Economic growth is not the only solution to curb unemployment in Nigeria, as the official statistics illustrate that previously unemployment did not always decline with the economic growth.
There are simply not enough employment roles for the number of applicants.
Despite changing technology, the underlying principles of why unemployment occurs remain the same. Workers fought against the introduction of threshing machines which would make many traditional jobs disappear.
Preliminary indications are that this upward trend continued in This scourge has been around for a long time and it looks as though it is defying solutions. Unemployment in Nigeria has resulted in more and more people who do not have purchasing power.
Today the Northern part of Nigeria has literally erupted with unrivalled violence. As conventional tasks become more automated and more convenient, some employees find their posts obsolete.
It is a phenomenon which in practice has led to a near breakdown of law and order, low productivity due to disruption of production activities, increasing crime rate, intra-ethnic hostilities, and harassment of prospective developers and other criminal tendencies.
Maybe the question that needs to be asked is what is truly responsible for this expression of dissatisfaction by the youth?
Increase in the rate of armed robbery attacks, kidnappings as well as unbridled thuggery became the order of the day. Sometimes, it reduces its size in waves of redundancies or it simply shuts down.
With such mentality, these youths have grown into middle-age and even senior age without any skill to fall, thus becoming liabilities to themselves and others. Recently the experts have suggested some techniques, which can play important role in curbing Unemployment in Nigeria.
Kidnapping, armed robbery and even militancy in the Niger Delta and to some extent the Boko Haram menace could be identified as some of the negative outcome of unemployment. The result is that they add to the unemployment level of the country each year. Every year aboutgraduates enrol in the NYSC scheme.
Once a company fails to pay its employees it has no choice but to let them go. To an extent, the increasing demand for goods and trade balances out the population increase, but businesses often fail to deal with the short-term consequences. The corruption in Nigeria makes government to spend less on the welfare of the citizens of the country.
The Council, headed by Baroness Lynda Chalker, was inaugurated in as a presidential advisory body to attract global financial players into the Nigerian economy.
Under employed farm labor, also referred as disguised unemployed, makes the rural unemployment figures less accurate than those for urban unemployment.
New technology and an increasing population generally go hand-in-hand.
Unemployment in Nigeria is a major problem both economically and socially.Cause & Effect Essay: Unemployment Unemployment is the one constant throughout history. Despite changing technology, the underlying principles of why unemployment occurs remain the same.
Youth Unemployment in Nigeria INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country.
The rate of youth unemployment has been alarming according to the National Bureau of Statistics. Inyoung people aged between years made up 9% of the total number of unemployed persons while those aged between. In Nigeria, in the national unemployment rate estimated by the office of statistics was percent of the labor force.
The unemployment rate increased to percent in and percent inbefore falling to percent in This was as a result of measures taken under the SAP.
Youth Unemployment in Nigeria INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of, citizens.
Our nominal GDP is $ billion and we have a nominal per capita income of $1, Unemployment in Nigeria Its heart aching to see a good number of Nigerian graduates unemployed. It’s one of the most critical problems the country is facing as a result of long years of corruption, bad government/leaders, military rule, civil war and mismanagement of wealth and resources.Download