BACKGROUND OF THE STUDY
The impact of youth unemployment cannot be overstated, as postulated by (2009), who stated that “Nigeria as a country is typically portrayed as a rich country with a majority of impoverished citizens, with 50% of the population living below the poverty line.” Unemployment has been a problem in Nigeria, particularly since the 1980s, when the nation’s economy took a turn for the worse as world petroleum prices fell, the Nigerian currency devalued, corruption grew rampant, and Nigeria’s population grew at an incredible rate. The resulting poverty has raised questions about the wisdom of traditional strategies for nation development. Both the government and the private sector have discussed this issue at forums and conferences. Its continued existence had been linked.
According to Aganga (2010), unemployment in Nigeria has resulted in a slew of crimes and social vices, including prostitution, internet scams, political violence, kidnapping, militancy (in the Niger delta), drug trafficking, armed robbery, and so on. The persistence of these vices has been linked to the scarcity of jobs in Nigeria.
According to Aganga (2010), prostitution increased in the mid-1990s, with female Nigerian youth being transported to Italy. Internet scanning has also increased in recent years, as has political violence, kidnapping, and other vices.
Alarm has been raised, however, about the socio-economic position of young people and the potential for establishing extra livelihood opportunities for them, because youths make up a significant portion of the population.
Alarm has been raised, however, about the socio-economic situation of young people and the prospects for creating additional livelihood opportunities for them. This is because young people make up a large portion of the labor force and have innovative ideals, both of which are important in the country’s development process.
Unemployment, according to Gullins et al (2008), is a situation in which a person who is able and willing to work and who relies on his earnings to provide for himself and his family is unable to find profitable employment. Many people blame the government for unemployment, but Ebere Nwero (2010) argues that in order to alleviate the problem of unemployment in the country, the federal government initiated a variety of programs to create jobs for youths and other unemployed people. The Nigerian government has tried a number of different measures to get as many youths as possible into work through the N.Y.S.C. orientation program, which lasts for a year.
STATEMENT OF THE PROBLEM
The consequences of unemployment in Nigeria have led to a slew of criminal and social vices, including prostitution, online scams, political violence, kidnapping, and armed robbery, to name a few. However, the persistence of these vices has been connected to Nigeria’s labor shortage. As a result, unemployment has been a thorn in the flesh of Odeda Local Government’s young.
As a result, the purpose of this study is to critically investigate the impact of unemployment on youths in the Odeda Local Government of Abeokuta, Ogun State of Nigeria.
PURPOSE OF THE STUDY
The goal of the research is to
(a) Look into the reasons of unemployment in the country and come up with a reasonable or appropriate solution.
(a) To understand the origins or causes of unemployment.
(c) To understand the factors that contribute to the country’s unemployment-free status.
(d) To learn about the impact of academics in the fight against unemployment.
(e) To understand the elements that contribute to unemployment in society.
Some concerns can be described by the following research question, which has been converted into the goal of the research project.
(1) What are the many types of unemployment that affect young people?
(2) What is the unemployment rate in the research area?
(3) What are the variables that contribute to joblessness?
(4) What impact does unemployment have on society’s youth?
(5) How does unemployment affect young people in the research area?
SCOPE OF THE STUDY
The purpose of this study is to look into the impact of unemployment on Nigerian youth in Odeda Local Government Area, Ogun State.
SIGNIFICANCE OF THE STUDY
The study’s main value is from its potential to address research questions about the impact of unemployment on Nigerian youth. The outcomes of this study would aid unemployed youth in Odeda Local Government in understanding why unemployment should be eliminated in Ogun State’s Odeda Local Government Area. The study will provide information on youth unemployment in Nigeria and will also be valuable for other objectives related to Nigeria’s socioeconomic growth.
The findings of this study will be useful to other academics in the future who may want to continue their research on a similar topic.