THE UNEXPLAINED AND IMPACT OF UNEMPLOYMENT IN THE NIGERIAN ECONOMY: AN ECONOMETRICS ANALYSIS

Money, Udih
2015 Researchers World – Journal of Arts Science & Commerce  
It is a known fact that the urge labour force in Nigeria affects the economy with respect to unemployment. Unemployment is a very alarming in Nigeria, information from the Federal Office of statistics does not pose any treat. The observed situation of unemployment pictures a more serious situation than what Federal Office of statistics pictures. The aim of this paper is to look at the unexplained unemployment in Nigeria with respect to economic study. Our findings show that 8% is unexplained
more » ... % is unexplained with respect to labour force. The causes of unemployment in Nigeria include poor infrastructure, insecurity, and non-diversification of the economy and poor educational system. We recommend that government should look on other extraneous factors as well as human factors, in order to create jobs.
doi:10.18843/rwjasc/v6i4(1)/08 fatcat:oc75xbtlczgf3nqjmpbj3oijom