However, the economic performance of the country by all indices can best be described as abysmal, unfocused, erratic, and largely unimpressive with attendant socio-economic and political consequences. Ekpo (1987) in Bassy and Atan(2012) states that the issues that constitute Nigeria’s’ crises of underdevelopment and the poor growth performance of the economy are depicted in the rising incidence of poverty, massive and graduate unemployment, skyrocketing inflation, worsening balance of payment, disequilibrium, monumental external debt burden, widening income disparity, and growing fiscal imbalance.
This observation made over two decades ago are even more prevalent today particularly massive unemployment and poverty which can be categorized as the catalyst for other socio-economic problems facing the country today. Nigeria is said to have a massive population of young people. Statistics from the manpower Board and the Federal Bureau of Statistics indicate that out of the estimated population of 150 million, 80 million which constitute 60% are youths; 64 million representing 60% are unemployed, while 1. Ekpo, A. H. (1987) Distortions in economic theory and methods: The Nigerian scene. In proceedings of NES Annual Conference, 67-105. Bassy, G. E. and Atan, J. A. (2012) labour Market Distortions and University Unemployment in Nigeria: Issues and Remedies. Current Research Journal of Economic Theory 4(3) 67-76.
The Essay on Graduate Unemployment In Nigeria And The Way Out
Its heart aching to see a good number of Nigerian graduates unemployed. It’s one of the most critical problems the country is facing as a result of long years of corruption, bad government/leaders, military rule, civil war and mismanagement of wealth and resources. Unemployment is a state when one is unable to gain any meaningful means of living and unfortunately, this state has been nationalized ...
