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BooksUNNECO 512

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ICT Usage and Unemployment Rate Nexus in Nigeria:  An Empirical Analysis

ECO 512: ICT USAGE AND UNEMPLOYMENT RATE NEXUS IN NIGERIA: AN EMPIRICAL ANALYSIS

ByAnthony Orji
SchoolUniversity of Nigeria, Nsukka
DepartmentEconomics
CategoryAcademic JournalsResearch Papers
Levels100200300400500600Post Graduate
₦ 3000
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Description

This paper empirically estimates the impact of ICT usage on unemployment rate in

Nigeria from 1985-2015. Adopting a classical linear regression model with data from the

National Bureau of Statistics (NBS), the results reveal that within the period under

review, ICT had a significant positive impact on unemployment rate in Nigeria. The

study therefore concludes that ICT innovations can help the Nigerian unemployment

situation through different channels but the government and other policy makers must

be pro-active in adopting useful policies and strategies that will enhance ICT penetration

and usage in critical sectors of the economy. Apart from Telecom services, other elements of ICT infrastructure should be adopted and utilized in the economy in order to

enhance productivity and reduce unemployment.