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Research Article

Population and its Impact on Level of Unemployment in Least Developed Countries: An Appraisal of the Nigerian Economy

Imoisi Anthony Ilegbinosa1*, Olatunji Lekan Moses2 and Ubi-Abai Itoro Praise3

1College of Social & Management Sciences, McPherson University, Ogun State, Nigeria

2School of Graduate Studies, Faculty of Social Sciences, Department of Economics, University of Port Harcourt, Rivers State, Nigeria

3School of Graduate Studies, Faculty of Social Sciences, Department of Economics, University of Uyo, Akwa-Ibom State, Nigeria

*Corresponding Author:
Dr. Imoisi Anthony Ilegbinosa
College of Social & Management Sciences
McPherson University, Seriki Sotayo, Km 96
Lagos-Ibadan Expressway, P.M.B. 2094
Abeokuta, Ogun State, Nigeria
Tel: +80-34-525-743
E-mail: [email protected]

Received date: September 30, 2013; Accepted date: September 27, 2014; Published date: October 07, 2014

Citation: Ilegbinosa IA, Moses OL, Praise UA (2014) Population and its Impact on Level of Unemployment in Least Developed Countries: An Appraisal of the Nigerian Economy. Arts Social Sci J 5:081. doi:10.4172/2151-6200.100081

Copyright: © 2014 Ilegbinosa IA, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Abstract

This paper deals with the population and the problem of unemployment in LDCs. The economies of the LDCs are characterized by high population growth. They are facing great challenge in generating adequate job opportunities for their teeming population. Many facts and data from notable authors, agencies, websites and organizations were analyzed and discussed in this paper regarding this problem. Nigeria is not left out as their population ever increases with limited number of job opportunities. The factors responsible for the increase in the level of unemployment in Nigeria includes: rural urban migration, wrong government policies, urban bias, lack of population control, lack of mental skill and practicability, corruption and Inspirited Entrepreneur drive. Reviewing the socio-economic organization, monitoring rural-urban migration, promoting agriculture and entrepreneurship programmes, Investment in human capital, and encouraging Public Private Partnership etc. were some of the recommendations made to avoid a “worst-case scenario” of the above problem and to realize the nation’s vision as being one of the leading economies by the year 2020.

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