Hence the incidence of graduate unemployment is indeed an unfortunate problem, as these graduates find it difficult to enter labour activities to generate growth and development for the economy Fajana, Similarly , Folayan Ojo attributed whatever level of graduate unemployment presumably small during the period to ; slow bureaucratic machinery for the processing of application for jobs and the influence system might have caused some graduates to remain temporarily unemployed for the first few months after graduation. The National Youth Service Corps NYSC in Nigeria came into being in in response to the particular urgent needs of fostering national unity, a means of recouping government investments in graduates.
From table 4.
The absence of investors influences the number of available jobs. Nevertheless, this factor become very important when solutions to the problem are being sought. Hypothesis two H0: rural urban migration, imposition of minimum wage and influence system does not significantly contribute to the rate of unemployment in Nigeria. H1: Governmental policy, economic recession, employment of expatriates and trade unions wage demands significantly contribute to the rate of unemployment in Nigeria. We need to understand our responsibility.
Increase in the number of dependent people. In offering solutions to problems of unemployment, it is necessary to summarise the causes of unemployment. Cyclical unemployment It is as a result of a decrease in the demands for goods and services. Unemployment is the greatest challenge to underdeveloped and developing countries. The failure of the government to perform their constitutional duties has resulted in the high level of unemployment.
Cyclical unemployment It is as a result of a decrease in the demands for goods and services. According to Banks and Ullah there will also be increase in admission into psychiatric hospitals for mental illness and also imprisonment arising from the criminal tendencies of idle hands.
The unemployed produce an unsettled labour force, and in urban areas they may lead to overcrowding and crimes. The rational steps taken by most management to cope with the recession includes ban on recruitment. Local and state governments should similarly collaborate with meaningful private farmers to modernise agriculture, which has a large capacity to reduce joblessness. Do you agree that lack market is a of labour information contributory. These are dreams of securing satisfying jobs following their years of struggle, meeting basic necessities of life, graduating to comfort and dignity and, eventually, enjoying the luxuries of life. And always having the feeling that they are ostracized from the rest of the society , and most often they are regarded as parasites by other people.
All these and many other factors contribute the causes of graduate unemployment in Nigeria.
This, in turn, leads to frequent changes in governments or formation of unsteady coalitions. Do you agree that lack market is a of labour information contributory. The government needs to foresee looming crisis and to make all possible actions to prevent it. Currently the number of universities has increased and their curricular have expanded. This paper intends to achieve the following: 1- To identify the causes of unemployment in Nigeria 2- To examine the consequences and implications of graduate unemployment in Nigeria.
Our future is in our hands. Therefore, the first model was used to analysis major findings. Is there any way to justify the surplus, deficit or equilibrium position on Nigeria balance of payment due to the effects created by public spending? The data used in this study is of two type primary and secondary data.
Femi Fajana and Anyanwu argued that failure of the Nigerian government to appraise the employment implications of international trade policies, monetary and fiscal policies immensely contribute to unemployment rate in the country. Young men and women, who have put in a decade or two in schools and colleges, have dreams and aspirations. Effects of Unemployment in Nigeria Due to the increasing unemployment rate in Nigeria, there have been adverse effects on both the economy and the society. The National Youth Service Corps NYSC in Nigeria came into being in in response to the particular urgent needs of fostering national unity, a means of recouping government investments in graduates. The essence of the Keynesian explanation is that firms demand too little labour because individuals demand too few goods. At the beginning of the search period , they look for jobs suited to their qualifications , training or trade but later on they look for any kind of work Hayes and Nutman , and any kind of pay Kasper, Unemployment and under- employment may cause people to flee the rural areas , move about or migrate.
Local and state governments should similarly collaborate with meaningful private farmers to modernise agriculture, which has a large capacity to reduce joblessness. The major hypotheses tested are as follows: 9 Hypothesis one H0: Governmental policy, economic recession, employment of expatriates and trade unions wage demands does not significantly contribute to the rate of unemployment in Nigeria.
These policies were designed to jump start the growth of the economy, but some of the policy packages became outright inimical to the system due to wrong timing. Even with the expansion of the industry, unemployment has continued to grow at an alarming rate. As mention earlier the data for this study was collected basically through the questionnaire and interview method. Against this backdrop, the following recommendations are made: The government should introduce a welfare package for the unemployed rather than wasting existing resources.