THE CAUSES AND EFFECT OF UNEMPLOYED IN THE NIGERIAN ECONOMY


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BACKGROUND OF STUDY

There is little question that unemployment has been and continues to be one of the most serious and pervasive economic problem in the labour market. Low wages, discrimination, substandard working condition, types of labour market pathologies are all threats to the economic security and well being of significant members of workers, but few approach the impact of unemployment as case of both economic hardship and wasted resource.

The fact that unemployment has multiple causes and very disparate impacts on the workers who experience it lead to controversy about low serious social and economic problem unemployment is and what policies would be best to combat it (Bruce and Julie, 2000).

Unemployment is the difference between the working population of a nation or state and it’s total population (Ohajide, 2002).

The population of every economy is divided into two categories, the economically active population that is willing and able to work including those actively engage in the production of goods and services and those who are unemployed (Ojenagbor, 2009).

Unemployment is a problem that each society faces, and each society must find a way a beat it. Unemployment is one of the developmental problems that developing economy faces like Nigeria.

Unemployment is a stock concept. This is because the number and identities of people in the labour category are always changing and this affect the level of those in the market (Smith, 1999).

The rate of unemployment in developed countries is low comparatively when compared to developing countries. In Nigeria where education is gaining ground rapidly, the industrial sector is not growing at a high rate to accommodate school leavers.

In Warri - Delta State, the number of unemployed especially the youth is much more than the employed. This has poses some problems which may included the following;

1)  Poverty: this is a situation where a population or section of a population is unable to meet only it’s bare subsistence essentials of food, clothing and shelter in order to maintain minimum level of living. It has been argued that inadequate access to basic infrastructure like water, health and education facilities transportation and even information will be important in defining poverty in a developing country like Nigeria (Olanrewaju, 1999).

2)  Political violence: most especially youth turn to be political thugs who may harassed individuals during elections. Besides using the unemployed youths for political thuggry, they have been used as local militants to attack, bomb, vandalize and destroy oil pipelines, lives and property in the Niger Delta region of Nigeria (Gilbert, 2010).

3)  Ethnic diversity: because there no much employment, those who are not from their ethnic group makes such people to suffer.

In developed countries or states, the above mentioned problems are few because it is only a small proportion of the population that are unemployed. The reverse is the case in Delta state particularly in Warri.

Therefore, sufficient employment in a particular or state such Delta State, social vices and other problems will be few. Government plays key roles in solving unemployment problems.

In this write up, the researcher shall do all the necessary findings and thereafter make his recommendation as well as conclusions.

THE CAUSES AND EFFECT OF UNEMPLOYED IN THE NIGERIAN ECONOMY
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

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    Details

    Type Project
    Department Business Administration and Management
    Project ID BAM4912
    Fee ₦5,000 ($14)
    No of Pages 32 Pages
    Format Microsoft Word

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