The Socio-Economic Effects Of Youth Unemployment In Nigeria

The Socio-Economic Effects Of Youth Unemployment In  Nigeria.

ABSTRACT

The study examined the socio-economic effects and the causes of youth unemployment in Akwa Ibom State. The study indicated that youth unemployment has many negative effects on the society, economy, family, and individuals.

From the response got from the questionnaires revealed that youth unemployment leads to poverty, low productivity, losses in foreign direct investment, low revenue generation, rural-urban migration.

Illicit activities which increases insecurity, anti-social activities such as armed robbery, prostitution, political thuggery, violence, kidnapping, restiveness and other social vices evident among the unemployed youths and this constitutes a danger to the stability, growth and development of the state.

The research concludes that addressing the problems of youth unemployment, must involve all stakeholders.

INTRODUCTION

Globally, the world is experiencing mass unemployment of qualified and able-bodied youths and these have generated much concern for both governmental and non-governmental organizations, public and private sectors of the economy.

The global economic recession of the 1980’s has caused rapid deterioration in Nigeria’s economic industrial output. In the 60’s and 70’s youth unemployment was not pronounced like today because the government then were proactively involved in providing jobs for graduates churning out from various higher institutions.

Over the years, youth unemployment has taken a centre stage in most socials and economic discourse in Nigeria because the youths remain the greatest asset and the life wire of any nation. Youth employment in any nation is universally acknowledged as the basic source of survival and economic development (Ajaji, 2008).

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