SchoolProjectGuide

Copyright ©2024 SchoolProjectGuide

ECONOMIC EFFECT OF UNEMPLOYMENT IN THE NIGERIAN ECONOMY

  • Department: BUSINESS ADMINISTRATION
  • Chapters: 1-5
  • Pages: 67
  • Attributes: questionnaire, data analysis, abstract
  • Views: 355
  •  :: Methodology: primary research
  • PRICE: ₦ 5,000
Get Complete Project

ECONOMIC EFFECT OF UNEMPLOYMENT IN THE NIGERIAN ECONOMY

ABSTRACT

Going through the present investigation of problem & prospects of management of unemployment in Nigeria, many finding and results were made in the service and finance oriented organization. The result postulated that prospects of management of unemployment in the Nigerian patterns in the organization which in our act as a motivational factors to high productivity increasing work performance to achieve organization goals and objectives.On the other hand problem associated with prospects of management of unemployment adopted in every organization will identify any motivational problem inherited in that organization. It will further be having big problem which thus intends negative.However effective prospects of management of unemployment is vital in every situation in the organization.

CHAPTER ONE

1.1   INTRODUCTIONS

GENERAL BACKGROUND OF UNEMPLOYMENT

According to the Advanced Learners Dictionary, unemployment is defined as the amount of unused. When a factor of production is not doing any job we say it is unemployed. In this project we are concerned mainly on the economic effect of unemployment in the Nigerian Economy in particular. Emphasis on Labour which is the most important and active factor of production which simply means, that without Labour all other factors will not be put into practice then all other factors will not be put into practice. Then all other factors are regarded as passive factors of production.

Unemployment is a very dangerous phenomenon to an industrialized economic system. Further primitive communities in Nigeria were usually self sufficient and had no unemployment problem, though their standard of living is a very low living. They share the work that had to be done and any spare time easily enjoyed as leisure. There is still little unemployment in Nigeria engaged in still little unemployment in Nigeria engaged in the production of primary products, products, though these communities may suffer a general reduction in their product, fall in the world market. He often advocate fro industrialization as a penance to unemployment problem, but in as much as that is true it is also very important to know that this industrialization coupled with the division of labour and specialization bring along with them this virus problem called unemployment to industrial progress, how wonder it was leading industrialized nation that were the first to introduce schemes of social security.

The ugly and nerve cracking canker – worm which has right from time been controlling its disastrous head in the blood stream of the general populaces of the worlds has been a thing of concern to great philosopher of economist and socialist of the olden days. This has led  them to come up with different ideal theories and beliefs all in gust to recommend a drug from disastrous disease called unemployment. Anyaele (2015) It stated that unemployment may be defined as a situation where some people who fall within the age the working population capable and willing to work, but are unable to obtain a befitting work to do.

1.2   PEOPLE ASSOCIATE WITH UNEMPLOYMENT

Anyaele (2015) stated that the problem has become continually without solution being in sight. It has constituted itself into one of the worst enemies of populace in this part of the world that the problem unemployment has been exacerbated by the previous and retrenchments unbridle rural urban migrants etc. Unemployment is a great problem associated with both rural and urban communities of the Nigerian economy. It results to the following problem to Nigeria.

a) Threat to Peace: The unemployed constituted available tools for political trouble-shooters in a country.

b) Escalation of Crime Rate: An idle mind they say is the devils workshop, and as a result of this many unemployed youths and able bodied men and women engage themselves in crime such as armed robbery, prostitution, current trafficking, touting, drug addiction etc. In order to earn a living.

c) It Causes Immigration: That is to move from one place to another. This can be rural / urban or from one country one country to another, which creates vacuum in a nation march to economic and social development.

d) Reduction in Investment: The money spent in educating the unemployed and the once spent as depredates should have been invested in one business or another.

1.3   THE PROBLEM THAT WILL BE CONCERNED WITH IS HOW TO CURB RURAL – URBAN MIGRATION.

Rural / Urban migration is the movement of people from one country side or villages to cities or town. This Rural / Urban migration is known as push and factor. Pull factor are those things within urban area while push factor, while push factor are those condition in the area that camped people to have. These push pull factor include the following.Lack of Social Amenities: Where there is no availability of recreational facilities in the Urban cities, higher education, employment opportunities, marriage, natural disaster, political reason etc.

.