Unemployment in Nigeria; A Challenge of Demographic Change?

Adekola, Paul Oluwatomipe and ALLEN, Abimbola Adebimpe and Olawole-Isaac, A. and Akanbi, M. A. and ADEWUMI, Opeyemi (2016) Unemployment in Nigeria; A Challenge of Demographic Change? International Journal of Scientific Research in Multidisciplinary Studies ISROSET, 2 (5). pp. 1-9. ISSN 2454-9312(O) 2454-6143(P)

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Abstract

With the current population of approximately 182million people (PRB, 2015); Nigeria is the most populous Black Country in the world. Arguments are ripe whether her ever-growing population is the sole factor responsible also for her continuous growth of unemployment. To answer this question, this paper extracted secondary data from Population Reference Bureau (PRB, 2003-2015), United Nations Annex Table (2012), International Monetary Fund (IMF, 2002-2015) and National Bureau of Statistics (NBS, 2003-2015) to prove whether unemployment is mainly caused by demographic change in Nigeria or there are other intrinsic factors responsible for this social challenge. A comparative analysis of the population and unemployment structure of three purposively selected and heavily populated countries in three different continents-Nigeria, China and USA were undertaken. Results show that population growth is not the SOLE factor responsible for increase in unemployment in Nigeria as unemployment statistics is stable for U.S. and China while their populations are growing, but the reverse is the case for Nigeria as both population and unemployment are growing. Recommendations were thereafter made to address other likely factors identified.

Item Type:	Article
Uncontrolled Keywords:	Unemployment, Population Growth, Comparative, Factors, Population, Nigeria.
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Hannah Akinwumi
Date Deposited:	08 Aug 2016 14:55
Last Modified:	08 Aug 2016 14:55
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/6771

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