Economic growth and unemployment in Nigeria (1990-2011)

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Date
2014-06
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Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
The topic of the study was Economic growth and Unemployment in Nigeria (1990-20 11) which is a period of 21 years. Economic growth is the independent variable while unemployment is the dependent variable. The purpose of the study is to establish whether there is a relationship between economic growth and unemployment in Nigeria. It was guided by the objectives which are to determine the level of economic growth, unemployment and the relationship between both variables. The hypothesis of the study was that there is no relationship between economic growth and unemployment in Nigeria from 1990-2011 and t and f tests were used in analysis. In the methodology, secondary data sources such as online sources, journals and textbooks were used and data got online was analyzed using correlation and regression analysis. On correlation, there was a weak positive relationship (r= 0.3608) between economic growth and unemployment in Nigeria at an assumed 0.05 level of significance and the researcher found out that there was a weak positive relationship between the variables . Finally, the study recommends the agricultural sector as a medium of reducing unemployment in Nigeria. It also advocates increased labour promoting investment strategies to help curb the high level of unemployment in the country.
Description
A Research Report Submitted to the College of Economics and Management Sciences in Partial Fulfillment of the Requirement for the Award of Bachelor of Economics and Applied Statistics of Kampala International University
Keywords
Economic growth, Unemployment, Nigeria
Citation