IMPLICATION OF UNEMPLOYMENT ON THE SOCIO ECONOMIC DEVELOPMENT OF NIGERIA
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Unemployment which is now the talk of the day has a lot of implications on the Nigeria social and economic development. Mostly as it relates to Ivo local government which is one among the thirteen local government in Ebonyi state. Ivo local government falls under Ebonyi state south central zone with town like: Akaeze, Ada, Ishiagu, Home town of the federal college of agriculture ishiagu etc.
According to the central bank of Nigeria (2003) the National rate of Unemployment rose from 4.3% in 1970 to 6.4% I 1980. The high rate of Unemployment observed in 1980 was attributed largely to depression in the Nigeria economy during the late 1970’s specifically, the economic down town led to the implementation of stabilization measures which included restriction on export, which caused import dependency of most Nigeria Manufacturing enterprises, which in turn resulted in operation of many comprises below their installed capacity. This development led to the close down of many industries why the survived few were forced to retrench a large proportion of their work force.
Furthermore the Nigeria Government also placed an embargo on employment, it is important to state here that the structural adjustment programmed (SAP) adopted in 1986, had serious implication on employment in Nigeria as the rate of Unemployment declined from 2.1% in 1982 to as low as 1.8% in 1995 after which it rose to 3.4% in 1996 and lowered between 3.4 and 4.7% between 1996 and 2006.
According to a survey of 1974 reported by Aigbokham (2000). Graduate Unemployment account for les than 1% of the Unemployment in 1974, the proportion rose 4% for urban areas and 2.2% in the rural areas. It is impressive to note here that in 2003, Nigerian Unemployment rate declined substantially to 2.3% this declined was attributed to the various government effort aimed at addressing the problems through poverty alleviation programs.
Recently, the federal government accepted word bank figure of 40million, 28.57% unemployed people in Nigeria though there were no details of how the bank arrived at that Figure the admission by the ex-monitor of labour, prince Adelokumbo, Kayode that we do have such an Unemployment crisis is enough to give credence to the report.
1.2 STATEMENT OF THE PROBLEM
This work tries to tackle some problem that is associated with Unemployment as they include the following:
(i) Those looking for employment do not have the necessary skills and knowledge required for the job they seek.
(ii) Every graduate depends solely on white man’s job with zero consideration on agriculture.
(iii) The spirit of ghost workers has reduced the chances of getting employment in some parastatals.
(iv) The government is not giving this Unemployment a serious and favorable consideration.
(v) Politicians choose using our young graduates to actualize their political ambition with a lot of unfulfilled promises and consequently during them after elections.
(vi) The country is filled with unemployed workers. There by leading to a lot of evil doings in the society likely fraud (yahoo yahoo), kidnapping, armed robbery, human trafficking, etc.
(vii) There is high level of corruption among the staff in the government organization especially when it comes to the issue of employment.
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