Reducing Unemployment Malaise in Nigeria: The Role of Electricity Consumption and Human Capital Development

Afolayan, Olufunmilayo T. and Okodua, Henry and Matthew, Oluwatoyin and Osabohien, Romanus (2019) Reducing Unemployment Malaise in Nigeria: The Role of Electricity Consumption and Human Capital Development. International Journal of Energy Economics and Policy, 9 (4). pp. 63-73. ISSN 2146-4553

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Abstract

One of the greatest challenges that Nigeria is confronted with and which on the average has continued to witness a rising trend over the years is unemployment. Its scourge is known to be responsible for a high level of poverty, inequality, increasing rate of criminality and general low level of living in the country. This study examined how electricity consumption and human capital can be used to reduce unemployment in Nigeria. The study obtained secondary data and analysed the data with the Johansen co-integration technique. The study found out that electricity consumption negatively impact unemployment, so also is government education expenditure. The result showed that a 1% increase in electric power consumption will lead to about 0.22% decline in the level of unemployment and 1% increase in education expenditure will bring about 0.17% decrease in the rate of unemployment. Therefore, the study recommends that the government should put in place policies and measures that will enhance the turn-out of quality graduates with skills and competence to chant the course of development by all stakeholders in the education sector.

Item Type:	Article
Uncontrolled Keywords:	Unemployment, Electricity Consumption, Government Education Expenditure
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	07 Jun 2019 14:12
Last Modified:	07 Jun 2019 14:12
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/12726

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