EFFECT OF INFRASTRUCTURE DEVELOPMENT ON LEVEL OF UNEMPLOYMENT IN NIGERIA

Abstract

The study assessed the impact of Infrastructure Development assets class on Unemployment index in Nigeria. The problem that led to this study is the consistent increase in infrastructure deficit in Nigeria and how it has contributed to the economic instability and poverty level in the nation. The specific objective of this study is to assess the impact of infrastructure development assets class on Unemployment index in Nigeria. This work was anchored on Wagner theory. Being an ex-post facto research, data were obtained through secondary sources. The annual data were sourced and collected for the period of 1988-2022 from the CBN Statistical Bulletin (2023), International Financial Statistics, International Monetary Fund (IMF) database and World Bank database. The data were analysed using E-views version 8 and SPSS version. The findings revealed that Infrastructure development assets class had significant effect on Unemployment level in Nigeria. It was recommended that Unemployment index is one of the economic indicators of an unperforming economy, Therefore, government of Nigeria need to channel much funds into the transportation infrastructure development and the ICT infrastructure development in order to create more employment opportunities in Nigeria.