Covid 19 Pandemic Challenges: The Youth Unemployment In Nigeria
Keywords:
COVID-19; Pandemic; Challenges; Youth; UnemploymentAbstract
When it comes to employment sector, there is an urgent need for wider investigations about the impact of COVID-19 on unemployment to explore possible damages to existing patterns of youth employability, and the alignment of government policy with institutional needs. This study is aimed to assess the short-term challenges of COVID-19 pandemic on the youth unemployment crisis in Nigeria. For this study, data from National Bureau of Statistics (NBS) study and other published data from literature have been analyzed to determine the challenges of COVID-19 pandemic on youth unemployment in Nigeria. From the analysis carried out, the effect of COVID-19 pandemic on unemployment via difference-in-difference assessment shows that the Nigeria's unemployment rate ranked 30.1 percent in the fourth quarter of 2020. The study reveals that the unemployment rate among young people that is, ages 15-34years is 30.1%, up from 26.7%. The study also finds that 64% of the considerably increased inflows from employment into unemployment were due to the COVID-19 shutdown measures. It has been also established in the study that as at the fourth quarter of 2020, youth unemployment rate rose to 1% indicating that about 22,764,614 million Nigerian youths remain unemployed. The study concludes that, in sum, the shutdown measures amplified increased unemployment in. The study recommended the participation of private companies amongst others, by creating jobs in averting the challenges of COVID-19 pandemic on increased youth unemployment in the country.
Downloads
References
Adegboye, O. A., Adekunle, A. I., & Gayawan, E. (2020). Early Transmission Dynamics of Novel Coronavirus (COVID-19) in Nigeria. International Journal of Environmental Research and Public Health, 17(9), 3054.
Adeniran, A. O., & Sidiq, B. O. (2018). Economic recession and the way-out: Nigeria as case study. Global Journal of Human Social Science, 18(1), 181-192.
Adetunji, A. T. & Oyewobi I. A. (2020). Implication of Palliative Measures on Financial Budgets and Budgetary Control of Private Educational Institution in Osun State International Journal of Psychosocial Rehabilitation, 24(10), 4801-4810.
Adeyeye, T.C. (2015). Manpower Development and Economic Growth in Nigeria. Journal of Economic and Sustainable Development, 6(9), 26-34.
Agenor, P. R., & Montiel, P., (2020). Development Macro-economics (2nd edition). Prince University Press.
Akindare O. T. (2020). How COVID-19 Is Hitting Employment in Nigeria and Pushing People into Poverty, Small and medium-sized enterprises (SMEs) employment, 14-23. Retrieved from https://www.globalcitizen.org/en/content/how-covid-19-hitting- employment-nigeria-poverty/
Appah, E. & Appiah, K. Z. A. (2010). Fraud and Development of Sound Financial Institutions in Nigeria. Nigerian Journal for Development Research, 1(1), 49-56.
Appropriation Act, (2020). Appropriation Act Budget office of the federation. Federal Republic of Nigeria. Retrieved from https://www.budgetoffice.gov.ng/index.php/2021- appropriation-act
Banwo, J. & Ighodalo, K. (2020). Mitigating the Impact of the Covid-19 Pandemic and Collapse of Crude Oil Prices on Debt Financing Arrangements.COVID-19 outbreak. Retrieved from https://www.mondaq.com/nigeria/litigation-contracts-and-force- majeure/939298/mitigating-the-impact-of-the-covid-19-pandemic-and-collapse-of-
crude-oil-prices-on-debt-financing-arrangements
Dangote, (2016). Poverty is Not Just an Indicator: The Relationship between Income, Poverty, and Child Well-Being. Academic Pediatrics, 16(3), S23-S29.
Ebrahim S. H, Ahmed Q. A, Gozzer, E., Schlagenhauf, P., & Memish, Z. A. (2020).
Covid-19 and Community Mitigation Strategies in a Pandemic. BMJ 2020; 368:m1066
Flynn, A. C. (2018). Corporate Governance Theories and their Application to Boards of Directors – Acritic Literature Review. Prime Journal of Business Administration and Management, 11-12.
Ihekweazu C., (2020). Steps Nigeria is taking to prepare for cases of coronavirus. The Conversation. Retrieved from https://theconversation.com/steps-nigeria-is-taking-to- prepare-for-cases-of-coronavirus-130704
International Labour Organization (ILO), (2020). COVID-19 and the World of Work: Impacts and Responses, Global Employment Trends for Youth. Available on https://www.ilo.org/wcmsp5/groups/public/---dgreports/--- dcomm/documents/briefingnote/wcms_738753.pdf
Muhammad, F., Abdulkareem, J. H., & Chowdhury, A. A. (2017). Major public health problems in Nigeria: a review. South East Asia Journal of Public Health, 7(1), 6-11.
National Bureau of Statistics (NBS), (2020). Annual Abstract on Statistics, Summary of Survey Findings, 87-94.
National Institute on Drug Abuse, (2020). COVID-19: Potential Implications for Individuals with Substance Use Disorders,” March 12, 2020, https://www.drugabuse.gov/about-nida/noras-blog/2020/03/COVID-19-potential- implications-individuals-substance-use-disorders.
National University Commission (2020). Plan to Safely Reopen America’s Schools and Communities. Strategies for School Opening Draft. American Federation of Teachers, AFL-CIO (AFT 2020) Available on https://www.aft.org/sites/default/files/covid19_reopen-america-schools.pdf
NNPC, (2020). Nigeria National Petroleum Corporation (NNPC) Monthly Financial and Operations Report, (MFOR) for January 2020. Retrieved from https://nnpcgroup.com/NNPC-Business/Business-Information/Pages/Monthly-
Performance-Data.aspx
Ohia, C., Bakarey, A. S., & Ahmad, T. (2020). COVID-19 and Nigeria: Putting the Realities in Context. International Journal of Infectious Diseases, 95(2020), 279-281.
Okoh, L. & Ohwoyibo, O. (2010). Public Accountability: Vehicle for Socio-Economic Development of Nigeria. International Journal of Investment and Finance, 3(2), 145- 149.
Olapegba, P. O., Ayandele, O., Kolawole, S. O., Oguntayo, R., Gandi, J. C., Dangiwa,
A. L., & Iorfa, S. K. (2020). A Preliminary Assessment of Novel Coronavirus (COVID- 19) Knowledge and Perceptions in Nigeria, Net Publisher, 41-50. Retrieved from https://www.medrxiv.org/content/10.1101/2020.04.11.20061408v2.full.pdf
Omolehinwa, E. & Naiyeju, J. (2011). Theory and Practice of Government Accounting in Nigeria. Nigeria, Pumark Nigeria Ltd.
Oyekan, F. Adetunji, A. T., & Bafeto, A. A. (2020). New Normal Exposes Higher Education Sector Digitization Competency. International Journal of Psychosocial Rehabilitation, 24(10), 7421-74230.
Oyewobi, I.A. (2019). Implications of International Public Sector Accounting Standards Adoption and Financial Report Quality in Lagos State. International Journal of Advance Research, 7(1), 1124-1129
Oyewobi, I.A. (2020). International Public Sector Accounting Standards Adoption and Fiscal Instability in Nigeria. Accounting and Taxation Review, 4(1), 74-84.
The Nigeria Times (2020). Addressing the consequences of COVID-19 pandemic in Nigeria, Nigeria Times, 6-9. Available on https://www2.deloitte.com/ng/en/pages/finance/articles/addressing-the-financial-impact-
COVID-19-in-Nigeria.html
United Nations, (2020). Special Issue on COVID-19 and Youth. Program on Youth Unit, Division for Inclusive Social Development (DISD). Department of Economic and Social Affairs (DESA).
World Health Organization, (2020). Considerations for school-related public health measures in the context of COVID-19, Annex to Considerations in adjusting public health and social measures in the context of COVID-19.
Downloads
Published
How to Cite
Issue
Section
License
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
