IMPACT OF INDUSTRIALIZATION ON UNEMPLOYMENT IN NIGERIA
Abstract
The study examined the impact of industrialization on unemployment in Nigeria for
the period of 1981-2019. For the study, the dependent variable is unemployment
rate (UNEMP) while the explanatory variable industrial index (INDEX) was used
as a proxy for industrialization. The researcher used secondary data sourced from
CBN statistical bulletin which was estimated and analyzed using ordinary least
square method (OLS). The result of the analysis revealed that industrialization
does not have a significant impact on unemployment in Nigeria. Based on the
findings, the researcher recommended among others that government should
ereate a conducive environment to achieve strong performance of the industrial
sector through provision of much needed infrastructure which facilitates the
process of industrialization that will reduce the unemployment rate in Nigeria.
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