Translation of Nigeria Economic Performance on the Nation's Unemployment Terrain: Effects and Implications

Scholars Journal of Arts, Humanities and Social Sciences, Vol. 3(4A), pp. 888-894, 2015

7 Pages Posted: 10 Aug 2016

See all articles by Dr. Ugochukwu Nwoye

Dr. Ugochukwu Nwoye

Nnamdi Azikiwe University - Department of Accountancy, Students

Ekesiobi Chukwunonso

Anambra State University

Ezenwafor Emmanuel

Federal Polytechnic Oko

Date Written: 2015

Abstract

The study which focused on examining the imminent implications of translating Nigeria’s economic performance on the nation’s unemployment problems is bent on assessing how Nigeria’s current economic status as the biggest economy in Africa has affected its rate of unemployment. Adopting data extracts from various published statistical bulletins of the CBN, SEC, and the NBS reports, the Pearson Correlation was employed in executing the analysis carried out in this study using the SPSS version 20 statistical software. The result of the analysis showed that Nigeria’s celebrated feat as the biggest economy in Africa appear yet to have had any meaningful impact on the rising/high rate of youth unemployment. This is in view of the fact that the rate of unemployment (from the analysis) maintained an increasing/upward slope status even as the economy of the country increases in growth. The study therefore recommends that a positive translation approach be deployed in ensuring that the huge output of the country’s celebrated GDP growth is commendably felt by its unemployment sector. Accountability and transparency, instead of corruption, need be selflessly embraced by the country’s leadership if this resolve is to be achieved.

Keywords: Accountability, Corruption, Economy, GDP Growth Rate, Transparency, Unemployment Rate

JEL Classification: E24, F43, Q11

Suggested Citation

Nwoye, Dr. Ugochukwu and Chukwunonso, Ekesiobi and Emmanuel, Ezenwafor, Translation of Nigeria Economic Performance on the Nation's Unemployment Terrain: Effects and Implications (2015). Scholars Journal of Arts, Humanities and Social Sciences, Vol. 3(4A), pp. 888-894, 2015. Available at SSRN: https://ssrn.com/abstract=2819222

Dr. Ugochukwu Nwoye (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy, Students ( email )

PMB 5025, Awka, Anambra State.
Awka
Nigeria
07032132659 (Phone)

Ekesiobi Chukwunonso

Anambra State University ( email )

Uli
Nigeria

Ezenwafor Emmanuel

Federal Polytechnic Oko

PMB 021 Aguata
Anambra +234
Nigeria

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