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Article Information:
Labour Market Distortions and University Graduate Unemployment in Nigeria: Issues and Remedies
Godwin E. Bassey and Johnson A. Atan
Corresponding Author: Godwin E. Bassey
Submitted: March 08, 2012
Accepted: April 04, 2012
Published: June 30, 2012 |
Abstract:
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This study is an attempt to appraise the existing gap between the demand for and supply of university
graduates in the Nigerian labour market. The study emphasizes that serious distortions exist in the market for
university graduates in Nigeria, giving rise to unacceptable high level of graduate unemployment. The
phenomenon of rising graduate unemployment is bound to have serious adverse social and economic
consequences on the Nigerian economy. The study traces the problem to the declining quality of education,
resulting from inadequate funding, insufficient and outmoded learning materials, poorly trained staff, irrelevant
curricula and inadequate information on job vacancies for job seekers in the market. The study recommends,
among others, the establishment of labour market information system, a legal framework for labour market
information management and improved funding of university education to effectively harness the products of
the Nigerian universities for sustainable economic development.
Key words: Graduate unemployment , labour market, Nigeria, , , ,
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Cite this Reference:
Godwin E. Bassey and Johnson A. Atan, . Labour Market Distortions and University Graduate Unemployment in Nigeria: Issues and Remedies. Current Research Journal of Economic Theory, (3): 67-76.
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ISSN (Online): 2042-485X
ISSN (Print): 2042-4841 |
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