Is Nigeria’s Unemployment Problem Unsolvable?

Unemployment in Nigeria is alarming. Its measurement by statistical authorities does not pose red alert. It has been discovered that the observed situation of unemployment is more serious than what official statistics want us to believe. The aim of this study is to examine unacceptable unemployment rate in Nigeria. Our findings show that labor force in Nigeria grows at more or less a steady rate of 0.3% every year while GDP growth rate at 1984 factor cost grows at 3.5% over a period of 33 years which implies that Nigeria experiences a jobless growth. The causes of unemployment in Nigeria include poor infrastructure, insecurity and non-diversification of the economy and poor educational system that does not readily produce employable graduates. Among other things we have recommended that governments at all levels should partner with the private sector and diversify the economy in order to create jobs.