The Economic Impact Of Unemployment And Crime Amongst Nigerian Youth (2000-2010)

Type Project Topics
Faculty Administration
Course Economics
Price ₦3,500
Key Features:
- No of Pages: 58
- No of Chapters: 5
- Tables
The rising trend of crime in Nigeria is usually blamed on the high rate of unemployment. There is need therefore, to empirically investigate the relationship between unemployment and crime .The unemployment in Nigeria is at 23.1% ,very demanding despite government effort to reduce it. Given the rate of unemployment, the opportunity cost of crime is relatively low, and as such, criminal activities tends to increase. The thrust of this paper is analyze “The economic impact of unemployment and crime amongst Nigerian youth" An ordinary least square(OLS), regression is first applied to annual aggregate date to determine the type of relationship between unemployment and crime rate variables. Due to the spurious nature of the result from the ordinary least square regression, the unit root test is employed to test stationarity of the variables and also show whether there exist a long run equilibrium relationship between unemployment and crime rate variables respectively. The results of the relationship between unemployment and crime rate variables. To combat unemployment is as well combating crime rate. There should be sincere implementation of government policies, provision of a conducive economy environment for investment and radicle improvement in the allocation to the police, as regards security.
Table of Content:
Table of contents
Title page i
Declaration page certification page ii
Certification iii
Dedication page iv
Acknowledgement v
Abstract vi
Table of Contents vii
1.1 Background to the Study 1
1.2 Statement of the problem 2
1.3 Research Questions 3
1.4 Research Objectives 4
1.5 Research Hypothesis 4
1.6 Significant of the Study 4
1.7 Scope and Limitations of the Study 5
1.8 Organization of the Study 5
2.1 Introduction 7
2.2 Conceptual Framework 7
2.3 Theoretical Review 26
2.4 Empirical Review 30

3.0 Introduction 34
3.1 Method of Data Collection 34
3.2 Sample Size 34
3.4 Model Specification 35
3.5 A Prior Expectation 35
3.6 Estimation Technique 36
4.1 Data Presentation 37
4.2 Data Analysis 38
4.2.1 Regression Output 38
4.3 Interpretation of Regression Results 39
4.4 Unit Root Test Analysis 40
4.5 Discussion of Findings 41
5.1 Summary 42
5.2 Conclusion 43
5.3 Recommendations 43
Unemployment is like locust, cankerworm and cancer that has plagued and eaten deep into the fabric of the Nigeria economy. It is well known that employment in Nigeria has attained unacceptable level. The labour market in Nigeria according to the Central Bank of Nigeria (CBN 2002) is dangerously close to saturation. Ekpo (2011) Adawe, and Essien (2012) supports the fact in Nigeria unemployment situation is unacceptable. A lot of circumstances triggered this social evil and menace and which include among others rapidly growing in urban labour force arising from rural-urban drift, rapid growth population growth, outdated school curricula and lack of employable skills, rapid expansion of the education which directly lead to increase in the supply of education manpower above the corresponding demand for supply of labour in the Nigeria economy. Also, no vibrant manufacturing sector which have the capacity to absorb unemployed youths in youths in Nigeria, corruption which have become incurable cancer in the social and economic structure of the state.
The cost of unemployment had impacted the economy negatively that crime had almost turned out to be the order of the day. This can be attested to by the negative implication of unemployment on the loss of life and property. Vandalisation of the nation’s infrastructure such as oil pipe line, power holding company of the Nigeria (PHCN) equipment, kidnapping, bombing by boko haram, banditry, headmen killing, giving the country a negative image in the international community. Crime is an offence against the value system of a society. It is an illegal act or activity that can be punished by law. The negative implication of crime vary among the various segment of the population and touch everyone by some degree and in general, but as economic growth and development of countries increases, it would be expected that crime rate reduces. The various cost of crime to victims and society include loss of income, property and loss of community productivity Odumosu, 1999, Jike 2004 Egunjobi,2007 and Douglason 2009).
Upon all the aforementioned assertion, this paper seeks to investigate the relationship between crime rate and employment and Nigeria youth and suggest way in which these problem can be address.
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