AfomaJesus Marvelous Orok
University of Calabar

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Unemployment and National Development Nexus: An Empirical Investigation of Nigeria Akaninyene Billy Orok; Benedict Alexander; Josephine Edem Nsoja; AfomaJesus Marvelous Orok; Delight Sampson Matthew
Pinisi Journal of Social Science Vol 5, No 1 (2026): May
Publisher : Universitas Negeri Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26858/pjss.v5i1.88569

Abstract

This study examined the impact of unemployment on economic development in Nigeria. The estimated model assessed the influence of the unemployment rate (U-Rate) and the underemployment rate (U-Emp) on Real Per Capita Income (RPCI) in Nigeria. Data were drawn mainly from secondary sources, namely CBN annual reports and statements of account, the CBN Statistical Bulletin, and the Federal Office of Statistics (FOS) annual abstract of statistics, supplemented by journals, textbooks, and other economic reviews. Adopting the Ordinary Least Squares (OLS) regression technique, the study found a negative relationship between the unemployment rate and economic development in Nigeria. The study recommends that government develop capacity-building programmes for entrepreneurship that will raise income levels for the unemployed population.