International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Poverty and youth Unemployment in Nigeria, 1987-2011

The study “entitled Poverty and Unemployment in Nigeria” is crucial to the development of the Nigerian economy. The relevance of the present study well from the fact that, that Nigeria is ranked 158th on the human development index is unacceptable. The study employed incidence of poverty as a function of unemployment, agricultural, manufacturing and services contributions to real GDP, population and inflation rate in which the growth rate of the variables were modeled. The results of the study revealed that unemployment, agricultural and services contributions to real GDP as well as population have positive determining influence on poverty level in Nigeria with only agricultural sector statistically insignificant. On the other hand, manufacturing sector contribution to real GDP and inflation rate exhibited negative relationship on poverty level in Nigeria with only manufacturing sector appearing significant. The study recommended among other things, that holistic effort should be made by governments at all levels to create jobs and arrest unemployment.

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