Economics » Factors of Production » Unemployment

Causes of Unemployment in Nigeria

Causes of Unemployment in Nigeria

  1. High and Rapid Population Growth: One of the major factors responsible for the high level of unemployment in Nigeria is the rapid growth in population. There has been an increase in the growth of the labour force along with the inadequate supply of jobs. The rapid population growth has been coupled with rural-urban migration. This has increased the population in cities, thereby raising the level of unemployment.
  2. Lack of Quality Education: Most employers believe that Nigerian graduates are unemployable. This is as a result of the educational program which usually includes theories and a lack of practical use of knowledge.
  3. Recession: Unemployment in Nigeria has been worsened by the recent decline in the country’s economy. A lot of people have been laid off and new jobs were not created. Most companies continue to lay off employees because they cannot afford a lot of workers anymore.
  4. Unstable and Corrupt Political Environment: Another key problem is poor leadership and high level of corruption in Nigeria. The failure of the government to perform their constitutional duties has resulted in the high level of unemployment. Also, the high level of corruption in Nigeria among politicians has resulted in the mismanagement of the funds and resources supposed to be used for the creation of job opportunities for the people.
  5. Lack of Infrastructure: Lack of good roads, steady and sustainable power supply, etc. has made the economy hostile to investors. The lack of infrastructure has led to the high cost of production. The absence of investors influences the number of available jobs negatively. The operating companies also use fewer people because of the high cost of production.

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