Research Document: Unemployment in Nigeria: A case for vocational & technical education


Special Reports

Posted Tue, Jul 10, 2018 6:19 AM

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In the discourse of inclusive growth, one of the widely held views is that higher level of economic growth might not necessarily reduce poverty and unemployment if a large number of the population is not involved in the growth process. In addressing unemployment and poverty reduction, investment in human capital in terms of high-quality education, skills development, innovation, and knowledge management ensures high economic growth that creates jobs and economic opportunities. In this sense, growth becomes more meaningful if it is accompanied by employment opportunities.
 
Furthermore, in the domain of economic development, unemployment and poverty are directly connected especially in developing economies. Persistent unemployment has a direct economic cost and leads to poverty, social exclusion, and lower living standards.
 

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