THE IMPACT OF UNEMPLOYMENT ON NIGERIAN CITIZENS.
By {Rose Stephen}
Unemployment is the state of having no job, a phenomenon of joblessness in an economy. Or a level of joblessness in an economy, often measured as a percentage of workforce.
The rate of unemployment in Nigeria is growing everyday, is one of the crucial problems faced by the Nigerian citizens as people have no jobs to do. Alot of people that have nothing doing find it very challenging to feed and meets ends needs. parents finds it challenging to sponsor their children in school, so this lead to illiteracy and ignorance among children in the outside world.
It also have impact on youth every day because Nigeria graduate hundreds of thousands graduates but there are no jobs. It brought about some social and economic consequences such as increase in crime rates, loss of respect or identity, reduction in purchasing, psychological injuries and corruption among others.
It also affects the economy because people find it difficult to spend on goods and services, affect businesses leading to reduce in revenue, lower profits and slower economic growth.
Psychological injuries due to frustration among the citizens especially the youth leads to suicide, prostitution, armed robbery, rape and violence. Now we have to be creative and develop our own skills to banished hunger and poverty in our society, we can start with little and achieve so much.
The rate is just massive and if care is not taken Youths and even the unemployed will have to take force
ReplyDeleteUnemployment can have broader economic implications, such as reduced consumer spending.
ReplyDeleteUnemployment as become a bottleneck in our country let just pray for a change of mindset of our leaders
ReplyDelete