"Graduate Unemployment in Nigeria: Causes, Effects and Remedies"

ELEGBEDE SIKIRULAHI TUNDE DEPARTMENT OF INDUSTRIAL RELATIONS AND PERSONNEL MANAGEMENT FACULTY OF BUSINESS ADMINISTRATION, UNIVERSITY OF LAGOS, LAGOS , NIGERIA. ABSTRACT This paper examines causes of unemployment in Nigeria as well as the consequences and implications of graduate unemployment in Nigeria. The paper also provides useful suggestion and recommendations on how to curb graduate in Nigeria. The paper adopts empirical analysis to examine the causes of unemployment in Nigeria. The data used in this study is of two type primary and secondary data. However, for the primary data the questionnaire was used to solicit responses from the respondents. In conclusion economic recession, governmental policy, employment of expatriates and trade union wage demand increase the rate of unemployment. The study emphasis that planning for human resources use in Nigeria has been based on guesswork and must be re-evaluate.

I. INTRODUCTION Economists are unable to agree on the causes of or cures for unemployment (or anything else, it seems). The essence of the Keynesian explanation is that firms demand too little labour because individuals demand too few goods. The classical view was that unemployment was voluntary and could be cleared by natural market forces. The neo-classical theory is that there is a natural rate of unemployment, which reflects a given rate of technology, individual preferences and endowments. With flexible wages in a competitive labour market, wages adjust to clear the market and any unemployment that remains is voluntary. The latter view was that held by Milton Friedman and strongly influenced government policy in the early 1980s, but without success. There is, of course, no simple explanation of unemployment and no simple solution.

Unemployment can conceive as the number of people who are unemployed in an area, often given as a percentage of the total labor force.

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These categorical of persons or people are actively looking for paid

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