Effect Of Unemployment On Economic Growth In Nigeria

(1980 – 2011)ABSTRACT It is an established economic reality that the size of the workforce directly impacts on a country’s GDP (growth). Not only does the work force produce manufactured goods or services or agricultural produce in direct proportion, but also brings in its wake increasing purchasing power, which in turn, fuels economic growth. This paper looks at the relationship between unemployment and growth in Nigeria (1985-2009). One major findings of the study is that the economy grew by 55.5 percent between 1991 and 2006; and the population increased by 36.4 percent. All things bee…