CAUSES EFFECT AND SOLUTION TO YOUTH UNEMPLOYEMENT

ABSTRACT

The purpose of this paper is to look into the causes, effects and


solutions to youth unemployment problems in Nigeria. The rate at which


unemployed graduates roam the street after the National Youth Service


constitutes social malice to the country as a whole. The data for this paper


was collected from secondary sources using descriptive approach of previous


researches and analysis of scholars to gather empirical data. The findings


revealed that unemployment in Nigeria among youths are caused by six major


problems and six major effects which has created tension and hatred between the


haves and have not, leading to communal clashes and the rise of such groups


such as Book Harem, Niger Delta Militant, armed robbery, prostitution and child


trafficking constituting hiccups to security of lives and properties. Also, the


findings revealed that unemployment in Nigeria increased from 21.1% in 2010 to


23.9% in 2011 with youth unemployment at over 50%. From 2011 to 2013 there is


an increase of 16% unemployment growth rate in Nigeria. Significantly, the


impact of this paper is that government should create labour market that work


better for the youth’s employment and recommends that the


study is an econometric method of research that analyzed the causes, effects


and remedies of Youth Unemployment Problems in Nigeria. It covered a period of


20 years 1991-2010 hence a time series analysis descriptive statistics and


regression model was used to estimate the models and it was made use of


secondary data which was fitted to the regression equation by the method of


Ordinary Least Square (OLS).the major discovery here is that unemployment rate,


the level of education, the level of agricultural activities, health sector,


population rate are the determinants of poverty rate in Nigeria. Finally this


research work shows that the level of Youth Unemployment Problems in Nigeria


can be controlled and reduced with the use of human capital development to


accelerate unemployment and poverty reduction in Nigeria.