Unemployment Challenges and Economic Growth in Nigeria
Eche, Emmanuel1, Ibrahim Magaji2, Ishaku, R.N.3:
Department of economics Federal University Wukari, Taraba State lecheznk@yahoo.com /eche@fuwukari.edu.ng (08063840405) ymagaji@yahoo.com (08060917519) ishakurimantanung@gmail.com (08060554819)
Abstract
This study investigates the impact of unemployment on economic growth in Nigeria for a period of 41 years (1970-2010). The study focuses on determining the causes and impacts of unemployment, and how the problem of unemployment in Nigeria can be reduced minimally. It determines the relationship between unemployment and economic growth in Nigeria (GDP). The method of analysis used in testing the hypothesis was the T-test, F-test etc. the major findings was that unemployment has a negative impact on the gross domestic product (GDP) of the Nigerian economy. Some suggestions and policy recommendations were made based on the findings
Key words: unemployment, economic growth, gross domestic product (GDP).