Please use this identifier to cite or link to this item: http://library.cbn.gov.ng:8092/jspui/handle/123456789/685
Title: Perspectives of economic policy and solution to unemployment problem in Nigeria
Authors: Ogbe, N. E
Keywords: Monetary policy
Fiscal policy
Unemployment
Economic growth
Nigeria
Output and employment
Issue Date: Mar-1986
Publisher: Central Bank of Nigeria (CBN), Research Department
Citation: Ogbe, N. E. (1986). Perspectives of economic policy and solution to unemployment problem in Nigeria, CBN Economic and Financial Review, (EFR), 24(1), 21-30.
Series/Report no.: Vol. 24;No. 1
Abstract: The paper undertakes a survey of monetary, fiscal and other policies embarked upon partly to reduce the unemployment problem in Nigeria since the early 1970s, and found that though these policies were generally in the right direction, they were poorly implemented, resulting in only marginal expansion of output and employment. In order to achieve sustained economic growth which will favourably enhance the employment situation, the paper suggests a bold restructuring of the economy, particularly with regard to increasing its foreign exchange earning capacity. The paper also stresses the need to check rapid population growth, reorientate manpower development programmes to avoid imbalance between skills and needs, embark on rapid transformation of the rural areas and encourage labour-intensive agro-based industries.
URI: http://library.cbn.gov.ng:8092/jspui/handle/123456789/685
ISSN: 1957-2968
Appears in Collections:Economic and Financial Review

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