IMPLICATION OF UNEMPLOYMENT ON THE SOCIO ECONOMIC DEVELOPMENT OF NIGERIA
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- NGN 3000
Abstract
The study examined the implication of unemployment on the socio economic development of Nigeria. The study indicated that youth unemployment has many negative effects to the society, economy, family, and individuals. From the response got from the questionnaires revealed that youth unemployment leads to poverty, low productivity, losses in foreign direct investment, low revenue generation, rural urban migration, illicit activities which increases insecurity, anti-social activities such as armed robbery, prostitution, political thuggery, violence, kidnapping, restiveness and other social vices evident among the unemployed youths and this constitutes danger to the stability, growth and development of the state. The research concludes that, addressing the problems of youth unemployment, must involve all stakeholders. Suggestions from the analysis therefore, are that effective policy measures such as re-prioritization or revitalization of agricultural sector, reformation of educational system, provision of enabling environment and building of industries be pursued vigorously which will drastically reduce unemployment and poverty as well as eradicate the menace of youth unemployment in Ivo, Ebonyi State and Nigeria as a whole.
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