5.1 SUMMARY
This research work is motivated into examining the significant impact of youth unemployment on the Nigerian economy as it studied Jos North Local Government Area of Plateau State. In carrying out the study, the researcher adopted both theoretical and analytical methods, using questionnaires as the main source of data. The conceptual framework are primarily theoretical, defining the concepts involved, and the analytical aspect of the work employed chi-square (X2) analysis to study the significant impact of youth unemployment on the Nigerian economy.
However, in an attempt to reach a research conclusion, null hypothesis (H0) were set and tested against the alternative hypothesis (H1) at 5% level of significance. The chi-square test which was used for the primary data showed that, ” X2 cal> X2 tab”. Hence from the analysis it shows that, the null hypothesis (H0) was rejected, while the alternative hypothesis (H1) was accepted. Therefore, revealing that youth unemployment introduces accelerating levels of social ills, political instability, pressures from deprivation leading to insecurity and threat to peace, increased insurgency, brain drain, limits economic and social progress, leads to depression, frustration and psychological problems.
Therefore, the study revealed that youth unemployment has greater harm on the economy than any good as it negatively affects Social and economic growth and development.
From all indications, youth unemployment is a menace in Nigeria and constitutes a real danger and a threat to Nigeria’s social, economic and political development. This is because these youths could be manipulated to undermine the stability of Nigeria’s democracy at any point in time. Against this background, there is the need by government at all levels, international community and other stakeholders to embark on massive job creation to take these youths off the streets. The research also placed a substantial hope in the power and potential of career guidance to transform the relationship between the educational system and the labour market. However, career guidance can only be a panacea for reducing the rate of youth unemployment in conjunction with technical and vocational education.
In addition to the aforementioned, the provision of an enabling environment, planned job creation, introduction of more entrepreneurship programmes and education, the diversification of the economy, establishment of labour intensive industries in the rural areas to reduce rural-urban drift, improvement in Research and Development (R&D). Moreover, the energy skills and aspirations of youths are invaluable assets that no country can afford to waste. Therefore, holding them to realise their full potential by gaining access to employment is a precondition for poverty eradication, sustainable development and lasting peace. No amount of career guidance will help if there are no employment opportunities, no entrepreneurial skills to facilitate self employment, and no technical and vocational skills needed for gainful employment.
Finally, democracy is a journey not a destination. It is a learning process for the Nigerian people and the Nigerian youths must feel the positive impact of democracy in their lives. The situation whereby only a few privileged persons in positions of authority benefit from this system of government at the expense of the impoverished masses portends a great and real danger that may incur the wrath of the unemployed youths in Nigeria if not addressed urgently. Nigerian leaders should strive to promote good governance in other to engender youth empowerment, employment and socio-economic development.
Based on the findings of this research work, the researcher therefore makes the following recommendations:
The research would have covered more ground but for some constraints such as; finance, insufficient and back dated data for analysis and the time factor..
The impact youth unemployment on the Nigerian economy is a very large topic that cannot be exhausted within a single research and in a limited time frame such as this. Therefore, the researcher suggests the following topics for further research;
The research portrays the history and trend of unemployment Nigeria, its impact on the present day youth and proffers explanatory measures to ameliorating the menace of youth unemployment even in Africa.
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