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RISING RATE OF UNEMPLOYMENT IN NIGERIA: THE SOCIO-ECONOMIC AND POLITICAL IMPLICATIONS
Abstract
The incidence of unemployment in Nigeria in this 21st century is alarming. The rates keep on rising without any appreciable effort to cushion the effects. Hence, this paper examines the factors responsible for high unemployment in Nigeria and its social, economic and political implications. Findings revealed that corruption in both public and private and at the individual levels, industrial decay, and neglect of the agricultural sector are among many others factors responsible for the scourge. It was also revealed that widespread poverty, youth restiveness, high rate of social vices and criminal activities are prevalent because of joblessness, and if not controlled, apathy, cynicism and revolution might become the consequent. The study therefore, recommends urgent intervention in the sensitive sectors of the economy such as power, industry, and agricultural sectors in order to create employment opportunities. Also, the fight against corruption should be intensified.
Keywords: employment; socio-economic; political; unemployment