Causes Of Unemployment In Nigeria - 1482 Words

CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Unemployment describes the condition of the people without jobs. It is a global trend that mostly occurs in developing countries of the world which not only affects them socially but psychologically. Nigeria economy since the attainment of political independence in 1960 has undergone fundamental structural changes. The Nigerian economy relatively grew in the greater parts of the 1970’s with the respect to the oil boom. The outrageous profits from the oil boom encouraged wasted expenditures in the public sector; dislocation of employment factor also distorted the revenue bases for policy planning. Unemployment in Nigeria is one of the most critical problems the country is facing. The global†¦show more content†¦Other Initiatives were also created such as Industrial Training Fund (ITF), National Poverty Eradication Programmes (NAPEP), Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) but reaching fewer than 100,000 youths in a year. These Initiatives struggle to transform the lives of Nigerian Youths because of their - Limited scope and scale - Limited focus on the unique needs of young Nigerians - Outdated and theoretical training models - Distance from grassroots - Poor collaboration and co-operation across sectors. Privatization and commercialization of certain government establishments have led to workers been laid off from jobs resulting in unemployment. 1.2 STATEMENT OF THE PROBLEM Nigeria is endowed with diverse and infinite resources both human and natural. However the years of negligence and adverse policies have led to under-utilization of these resources. These resources have not been effectively utilized in order to yield maximum economic benefits. This is one of the primary cause of unemployment. Unemployment has been a problem in Nigeria especially since the 1980’s whenShow MoreRelatedCauses Of Unemployment And Its Effects On The Health Of A Country s Economy1350 Words   |  6 PagesEmployment is an activity or the like that occupies a person s time. Unemployment on the other hand can be simply defined as when a person in search of â€Å"employment† or â€Å"job† is unable to find employment or work. It is also said to be when an individual of working age seeking a job is unable to obtain any. Unemployment is a criteria used to diagnose the health of a country’s economy health. 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