EFFECT OF UNEMPLOYMENT ON NIGERIA ECONOMY

ECONOMIC EFFECT OF UNEMPLOYMENT  IN THE NIGERIA ECONOMY (A STUDY OF IGBO ETITI NORTH)

INTRODUCTION

1.1     GENERAL BACKGROUND OF UNEMPLOYMENT

According to the advanced learner dictionary, Unemployment is defined as the amount of Labour unused. When a factor of production is not doing any job we say it is unemployed. In this project we are concentrating mainly on the Economic effect of unemployment in Nigeria Economy. In particular Emphasis on Labour which is the most important and active factor of production which simple means, that without Labour 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 was usually self-sufficient and no unemployment problem, through their standard of living is a very low living. They share the work that had to be done and any spare time easy enjoyed as leisure.  There is still little unemployment in Nigeria engaged in the production of primary product though these communities may suffer a general reduction in their product, fall in the world market. We often advocate for 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 labor and specialization bring along with them this virus problem called unemployment to Industrial progress, how wonder it was the leading Industrialized nation that were the first to introduce scheme of social security.

This ugly and nerve Cracking Carter- 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 be great philosopher of economist and socialist of the olden days. This has led them to come up with different ideal theories and belief all in gust to recommend a drug for this disastrous disease called unemployment.

Anyacle (1995- 214) It stated that unemployment may be defined as a situation where some people who fall with 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 THE SUBJECT MATTER

Anyaele (1995:214) stated that the problem has become continually without solution being in sight it has constituted itself into one of the worst enemies of the populace in this part of the world. That the problem unemployment has been exacerbated by the previous and retrenchments unbridle rural urban migrate. Etc.

Unemployment is a great problem associated with both rural and urban communities of the Nigeria economy it results to the following problems to Nigeria.

1. A)Threat to peace: The unemployed Constituted available book for political troubles shooters in a Country.
2. 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 bodies men and women engages themselves in crime such as armed robbery, prostitution, etc in order to earn living.
3. C)It causes migration: this is to move from one place to go and live or work in another place. This can be rural urban or from one Country to another which creates vacuum in a nation march to economic and social development.
4. D)Waste of Manpower: Unemployment especially that of graduates waste the much needed manpower which delays the economic development of the nation Nigeria.
5. E)Increase in dependants: The unemployment people increase the number of dependants and contribute in sapling the income of their families instead of contributing to them.
6. F)Reduction in Investment: the money spent in educating the unemployed and the once spent in them as depredates should have been invested in one business or another.

1.3     THE PROBLEM THAT WE ARE CONCERNED WITH IS HOW TO CURB RURAL- URBAN MIGRATION.

Rural urban Migration is the movement of people from one Countryside or Villages to Cities or Town. This rural urban is a reaction to some of the prevailing conditions from the rural area to the urban areas as multifarious reason. The causes of this rural urban migration is know as push and pull factors. Pull factors are those things within urban areas that attract people in the rural areas. These push and pull factors including the following.

LACOF SOCIAL AMENITIES: – Where there is no availability of recreational facilities in the urban Cities, higher education employment opportunities, marriages, natural disaster, political.

1.4            THE IMPORTANCE OF STUDYING THE AREA

(RURAL – URBAN MIGRATION)

The main importance of studying this rural – urban migration is to help reduce the number of people that will move out of the countryside or the villages to cities or town.  To crib this mass movement of people from rural urban areas, the following should be done by the federal government of Nigeria.

Establishment of industries in the rural areas.

Provision of recreational facilities.

Improvement of our Agricultural system

Establishment of higher Institutions in the rural Areas.

This problem of unemployment to the Nigeria economy is to find a sound and solid solution to it (unemployment).  The Federal government of this Country Nigeria should adopt the following measures to eradicate this particular problem.

ECONOMIC EFFECT OF UNEMPLOYMENT  IN THE NIGERIA ECONOMY (A STUDY OF IGBO ETITI NORTH)