A Microscopic View of the Effect of Unemployment on Economic Growth in Nigeria

Employment generation in Nigeria is a welcome phenomenon as alleviating poverty and increasing economic activities to gain economic growth It is the opposite of unemployment that has a devastating effect on the Nigerian economy Nigeria s unemployment situation has increased with its attendant consequences of high social vices enlarged poverty under-utilisation of human capacity social alienation and weak Naira purchasing power At different times Nigeria s government put policies and programmes to solve unemployment but no meaningful achievement is seen so far It was deduced that most of Nigeria s established programs to fight against unemployment could not achieve their desired and expected results Using secondary data we recommend among other things that the agricultural sector be improved upon to create employment and reduce unemployment in Nigeria The public and private sectors should join hands in their quests in reducing unemployment and embark on Entrepreneurial development self-employment training and etcetera is encourage

The Economic Impact of the Covid-19 Epidemic on Nigeria Economy

Many studies on the impact of COVID-19 are often discussed in developed countries stressing a gap in understanding how the pandemic impacts developing countries This study focuses on the coronavirus called COVID-19 situation in Nigeria and its economic impact on the economy The study also examines the structural causes that worsen the COVID-19 crisis in Nigeria Our findings reveal that the economic downturn in Nigeria was triggered2 by a combination of declining oil prices and spillovers from the COVID-19 outbreak which led to a fall in demand for oil products and social distancing economic activities halted from taking place The government retort to the crisis was to provide financial assistance to businesses and a few households affected by the coronavirus outburst The Federal Government of Nigeria approved accommodative economic strategies by offering a targeted 3 5trillion loan as support to some sectors of the economy However these efforts did not prevent the economic crisis from occurring as expected The Managers of the economy and agents could not freely engage in economic activities to fear contacting the COVID-19 disease that was spreading fast at the tim