Educational System and Unemployment Rate in Nigeria

  • Olatokunbo Aina Oluwayemisi Department of Economics, Redeemer’s University Ede, Osun State, Nigeria

Abstract

The researcher investigated Nigeria’s educational system and unemployment rate between 2007 and 2019. The researcher employed the generalised method of moments to analyse the impact of Nigeria’s educational system on unemployment rate with data from different data banks like macrotrends, world economic forum, executive opinion survey and World development indicator. The findings revealed that the educational system negatively affects the unemployment rate in Nigeria with education quality as a proxy for the educational system. Findings further revealed an upward trend in the unemployment rate and a downward trend in the educational system in Nigeria over time. This implies that unemployment had continued to increase while the educational system continues to reduce. It was, therefore, recommended that urgent intervention in the educational sectors of the economy be made and strategies to reduce Nigeria’s unemployment rate be put in place.

Author Biography

Olatokunbo Aina Oluwayemisi, Department of Economics, Redeemer’s University Ede, Osun State, Nigeria



Published
2022-09-05
How to Cite
OLUWAYEMISI, Olatokunbo Aina. Educational System and Unemployment Rate in Nigeria. SAU JOURNAL OF MANAGEMENT AND SOCIAL SCIENCES, [S.l.], v. 7, n. 3, p. 157-167, sep. 2022. Available at: <https://journals.sau.edu.ng/index.php/sjmas/article/view/858>. Date accessed: 30 sep. 2022.