Relationship Between Unemployment and Crime Rate Among Youth in Nigeria

According to the Keynesian approach, there have been identified the four variables that affects the economic growth. These are investment, saving, liberalization of the trading activities, movement of the capital, policy of the exchange rate and the macroeconomic stability of the economy. The investment in the human capital and the physical capital are also one of the factors that fasten the economic growth in the country. The demography is another factor that determines the growth of the economy. However, among these factors, research study has identified other factors that determines and enhance the economic growth.

The growth rate of Nigeria remained low in the late 90’s through the early 2000’s. In 2003, it climbed to over Ten percent and in 2004 soared to almost Thirty-Four percent. Since that time, it has relatively stabilized and currently stands at 4.18% with an annual growth rate of 6.54%. One of the fastest growing segments is Information and Communication, which account for about 10 percent of the total output. The country’s inflation rate has declined recently after a period of increases and currently stands at 8.3 % (TRADING ECONOMICS, 2014).

Nigeria's economy is estimated to be worth about $262bn, making it one of the largest economies in Africa. The estimates and analysis of various indicators is discussed in the

This document will discuss economic concerns of Nigeria. Specially addressed will be the following: Nigeria’s economic outlook, gross domestic product, inflation, and deprecation of the naira. This paper will conclude with a summary of this discussion.

In April 2014 statistical "rebasing" exercise, Nigeria has emerged as Africa 's largest economy, with 2015 GDP estimated at $1.1 trillion. Oil has been a dominant source of income and government revenues since the 1970s. Following the 2008-9 global financial crises, the banking sector was effectively recapitalized and regulation enhanced. Nigeria’s economic growth over the last five years has been driven by growth in agriculture, telecommunications, and services. In this paper I will be trying to marketing some of things in Nigeria that might have people interested in getting their hands on or even coming to Nigeria to see. For instance I will give you why some people

By 1996, Nigeria had become the 13th poorest country in the world and occupied the 142nd rank on the human development index (HDI) scale. (World Bank, 1996)

Economic growth is defined as the increase in a nation’s ability to produce goods and services over time as is shown by increased production levels in the economy. In this case, it is measured by real gross domestic product growth. Government spending is the expenditures made in the private sector by all spheres of government. It is a useful tool for a government to influence the job creation and in stimulating the economy.

Most of the African countries are third world countries and, therefore, they have not fully developed. Nonetheless, Nigeria was able to sustain its enormous population through the various economic activities that continued to increase her GDP. Oil had consistently become a foreign earner in the country, thereby resulting in an upsurge in the economic growth. However, Nigeria also faced numerous challenges, thereby pulling it behind in terms of socio-economic developments. Some of the challenges prevalent in the country included HIV, malaria, inadequate health personnel, low expectancy rate and high infant mortality rates. Therefore, it was imperative for the Nigerian government to address the issues in order to improve the living

After successful deliberations on the subject matter by the participants, the forum observed that lack of patronage to Made in Nigeria Products was the root cause of the wide spread unemployment, poverty and economic crises in Nigeria; that the abundant human and material resources in Nigeria are grossly

This research work focus on the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy, also to determine how it enhances the growth of Nigerian Economy.

The study would provide an econometric basis upon which to examine the effect of tax revenue on Nigeria’s economic growth. It will empirically highlight the effect of various form of tax revenue on the growth or otherwise of the Nigerian economy, thus the study would be of relevance to the government, individuals and researchers in similar field of study.

As for economic growth, though growth could be achieved through use of taxation excessive taxation may tend to hinder the achievement of taxation goal of economic growth (Baafi, 2010). For instance, rapid increase of tariffs on basic commodities and food imports and other related products affects the consumers. Water and electricity tariffs are also up and this has also pushed down the capability of the ordinary man on the street.

The economic factors that have affected economic development and growth in Nigeria can be segregated into internal and external factors. The internal factors reviewed dates back to the oil boom of the 1970’s when crude petroleum export began to gain ascendancy in foreign exchange revenue. The oil sector which accounted for 22% of the GDP (gross domestic product) provided about 80% of the government revenue and over 96% of export earnings in 1980 and as a result of the increase in government revenue from oil, agriculture were neglected. The share of the agricultural sector in GDP (gross domestic product) fell from 40% in the early 1970’s to 20% in 1980. Nigeria became dependent on imported food and agro-allied industrial inputs, the need for foreign capital then arose in the country for economic development and growth. Foreign capital can enter a country in form of private capital and public capital and private capital my take the form of direct or indirect investment.

In a developing economy like India, most of the development activities are undertaken by incurring government expenditure (such as enhancing infrastructure, providing quality education and healthcare, programs for agriculture and MSME’s, etc.) which causes a rapid increase in money supply and may also lead to its over expansion. However, if the dual objective of economic

Nigeria and indeed almost all the African countries are now facing an unprecedented debt crisis never known in the history of the continent. The rationale for raising external loan has always been to bridge the domestic resource gap in order to accelerate economic development. This is because nations just like individuals need loans to augment domestic resources. Nigeria decides to borrow in order to finance specific projects. As at today, Nigeria Local and international debt stands at US $60 billion according to The Vice President Yemi Osinbajo. Nigeria debt did not just happen overnight because during some of the successive governments and administration since Nigeria independent from the periods of General Obasanjo’s regime (1976-1979) till Babangida and Abacha regimes (1985-1998), surprisingly, caused the nation’s ‘boast’ to begin to fade. Then, it was discovered that to keep moving, Nigeria had to take foreign loans. In no time, Nigeria was caught up in a crippling foreign debt crisis that besides compromising its economic progress, political stability, social dignity and cultural integrity, also dealt a debilitating blow to the Nigerian masses. Because of the pains and sufferings they inflicted as a result of implementation of the World Bank IMF policies.