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Risk Implication Of Unemployment And Under Employment In Nigeria by gomtas: 12:34pm On Dec 12, 2018 |
The Nigerian economy since the attainment of political independence in 1960 has undergone fundamental structural changes resulting to structural shifts which have however not resulted in any significant sustainable economic growth and development to ensure adequate employment opportunity for her youths. Recently, available data show that the Nigerian economy grew relatively in the greater parts of the 1970s, with respect to the oil boom of the 1970s whose extreme profits resulted to wasteful expenditures in the public sector leading to dislocation of the employment factors and also distorted the revenue bases for policy planning. This among many other crises resulted in the introduction of the structural adjustment programme (SAP) in 1986 and the recent economic reforms. The core objective of the economic structural reform is a total restructuring of the Nigerian economy in the face of population explosion. However, these economic and financial structural reforms put in place did not yield significant results, hence in recent past; there has been an alarming increase in the rate of youth unemployment and its attendant social and economic problems. Unemployment is one of the developmental problems that face every developing economy, and Nigeria is not exempted. Its impact has been felt more by the youths. Nigerian youths from all corners of the country rush to Lagos state in search of white-collar jobs, especially, the graduates. This is because of the believe that Lagos state, being the former Federal Capital State and centre of excellence has more (job) opportunities than other states, necessitating the scuttle to Lagos for greener pastures. To get the complete work, click on Eduproject.ng |
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