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