Youth Unemployment in Nigeria - 1200 Words

Youth Unemployment in Nigeria INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of 154, 729,000 citizens. Our nominal GDP is $207. 116 billion and we have a nominal per capita income of $1, 4011. Nigeria also has the second largest economy in Africa. If I may ask, is this country not blessed? Yet, it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and the private sector had discussed this issue at forums and conferences but have not found a solution to it. Its continued existence had been linked to lack of power supply and financial empowerment for youths. Youth unemployment in Nigeria is†¦show more content†¦Property crimes include theft and other stealing, anned robbery, burglary, house-breaking, store-breaking, false pretence and cheating, forgery, receiving stolen property, arson and unlawful possession, Data from the Nigeria Police Force for recent years, shown in Table 3 below, indicate an increase in the occurrence of property crime in Nigeria. Considering the unpredictable nature of economy today, unemployment is something any of us may have to face at almost any point of time in our careers. The inflating world population, if characterized by a decline in its educated lot, can leave a huge number of people unemployed. The economic imbalance in society is one of the important causes of unemployment. The consequences of unemployment are many. Apart from adding to the economic imbalance of society, unemployment results in dissatisfied and frustrated individuals who are forced by circumstances to remain unproductive. Unemployment Causes and Consequences According to the Keynesian economic theory, unemployment results from insufficient effective demand for goods and services in an economy. Some believe that structural problems and inefficiencies in the labor market causeShow MoreRelatedYouth Unemployment in Nigeria4294 Words   |  18 PagesYOUTH UNEMPLOY MENT IN NIGERIA SOLVING THE PROBLEMS FROM THE ROOT SOLVING THE PROBLEMS FROM THE ROOT TABLE OF CONTENTS âÅ"“ ABSTRACT âÅ"“ INTRODUCTION âÅ"“ THE EFFECTS OF YOUTH UNEMPLOYMENT IN NIGERIA âÅ"“ CAUSES OF YOUTH UNEMPLOYMENT âÅ"“ LIFE INVESTORS FOUNDATION: INTRODUCTION âÅ"“ THE WORK PLAN †¢ ENTERPRISES †¢ WORK STUDY †¢ RESEARCH ACADEMY âÅ"“ OTHER STRATEGIES †¢ ANTICORRUPTION TEAM †¢ COLLATERAL BOARD †¢ RESOURCE AND INFORMATION CENTRERead MoreYouth Unemployment in Nigeria2476 Words   |  10 PagesINTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of 154, 729,000 citizens. Our nominal GDP is $207. 116 billion and we have a nominal per capita income of $1,4011. Nigeria also has the second largest economy in Africa . If I may ask, is this country not blessed? Yet, it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and the private sector had discussedRead MoreYouth Unemployment and Implication for Political Stability in Nigeria (1999-2011)2162 Words   |  9 PagesYOUTH UNEMPLOYMENT AND IMPLICATION FOR POLITICAL STABILITY IN NIGERIA (1999-2011) YOUTH UNEMPLOYMENT AND IMPLICATION FOR POLITICAL STABILITY IN NIGERIA (1999-2011) CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY In Nigeria, civil rule has been restored for over a decades ago, which has given people so much hopes and expectations for political stability to enjoy the value of democratic rule. For instance, it is assumed that with democracy, people wouldRead MoreRelationship Between Unemployment and Crime Rate Among Youth in Nigeria1764 Words   |  8 Pagesof the economy, this study tends to provide solution to the following questions: a. Is there any relationship between government expenditure either capital or recurrent expenditure and economic growth in Nigeria? b. Is there any way to justify the surplus, deficit or equilibrium position on Nigeria balance of payment due to the effects created by public spending? c. Is it true that as the nation is expanding its public expenditure on provision of infrastructural facilities as well as administrationRead MoreCauses Of Unemployment In Nigeria1482 Words   |  6 PagesCHAPTER 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 boomRead MoreYouth Unemployment And Its Effects964 Words   |  4 PagesYouth unemployment and its effects of the Development in Africa The United Nations defines youth as, persons between the ages of 15-24. Unemployment is defined as the state in which a person does not have a job. It is also a frequently cited measure to determine the state of development in an area of interest. Young people aged between 15 and 25 make up 60% of Africa’s population. That figure translates to 200 million youth, and that number is projected to double by 2045. This meansRead MorePersonal Qualities And Its Impact On The Nation s Largest Population Group1121 Words   |  5 PagesAccording to the United nations, Nigeria is one of the few countries experiencing a ‘Youth Bulge’ (a phenomenon whereby the country’s largest population group is below the age of 24) and it is estimated that by 2025, 25% of world youth population will be found in Africa alone as the continent tends towards urbanization (Zille and Benjamin, 2011), a situation which will greatly affect Nigeria and its high youth populati on due to the increasing rate of unemployment in the country. While this high abundanceRead MoreThe Niger Delta And The Oil Companies1576 Words   |  7 PagesThe Niger Delta is a region of Nigeria that is very rich in crude oil and gas. Crude oil and gas make up 70% of the country s revenue and 95% of it s export earnings (Ezekoli, 5608). Those percentages are incredibly high and represents large amounts of money that can be found in the region. However, the people of the Niger Delta never see the wealth that comes from their natural resources. The wealth instead goes to the oil companies set up in the area as well as the pockets of a few elite governmentRead MoreThe Current Youth Is The Future1431 Words   |  6 PagesThe current youth is the future. The minds that are still developing are the ones that will be shaping the way the world will continue to progress and what that kind of progress will look like. The world is currently progressing towards power and control, and has been since the beginning of history. The way to achieve power is what has been changing. Whoever has the most bombs, nuclear weapons, or who is feared the most has the most control. Terrorist groups like Al-Qaeda, ISIS, Boko Haram, and otherRead MoreThe Nigerian Oil Boom - Not A Blessing Essay963 Words   |  4 PagesTHE NIGERIAN OIL BOOM IS NO BLESSING. Nigeria is a country blessed with natural resources. These resources take various forms ranging from tin to crude oil which is the most predominant, therefore making Nigeria the largest producer of crude oil in West Africa. The oil wells which supply the nation with a large percentage of her revenue have been exploited by people who know their worth. As a result, Nigeria which can conveniently support herself depends on foreigners for the oil which we originally