IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 11 NO. 3 2025
DOI: 10.56201/ijebm.vol.11.no3.2025.pg1.13

---

Industrialization and Unemployment in Nigeria

Dr Ugbomhe, U Ogbomhe, Omoaka Abdul

---

Abstract

This research examines the impact of industrialization and unemployment in Nigeria: an empirical analysis. The broad objective of this study is to assess the relationship between industrialization and unemployment rate in Nigeria and to determine the import-export market and unemployment rate in Nigeria. The secondary source of data collection was adopted in the study where relevant data were retrieved from CBN statistical bulletin within a time frame of 20 years (2005 – 2024). The regression method was used to analyze the data using e-views 9. The findings revealed that there is a significant relationship between the import-export market and unemployment rate in Nigeria and that there is a significant relationship between availability of goods and unemployment rate in Nigeria. The study recommended among others that government should implement industry-friendly policies to encourage the inflow of industries across the country so as to compact unemployment in all spheres.

---

Abdullahi, S. A. (2023). Impact of government expenditure on employment generation:
Evidence from Nigeria: Department of Financial Studies Faculty of Management
Sciences National Open University of Nigeria, Lagos. Retrieved online, March, 2016.
Alanana, O. O. (2020). Youth unemployment in Nigeria: some implications for the third
Millennium. Global Journal of Social Sciences, 2(1), 21 – 26.
Aliya, Z. I. & Odoh, J. C. (2019). Impact of industrialization in Nigeria. European Scientific
Journal, 12(10), 328 – 339.
Anyanwu
J.
C.
(2018).
Monetary
economics:
theory,
policy
and
institutions. Onitsha: Hybrid Publishers ltd.
Athukorala, P. & Sen, K. (2022). Industrialization, Employment and Poverty. Working Papers
in Trade and Development, Arndt-Corden Department of Economics Crawford School
of Public Policy, ANU College of Asia and the Pacific. Working Paper No. 2015.
Dauda, R. O. S. (2017). An economic assessment of the industrial sector in Nigeria’s fledging
fourth Republic. International Journal of Social Sciences, 3(1), 136-149.
Fisher, I. (2021). A statistical relation between unemployment and price changes. Journal of
Political Economy, 81(2), 496–502.
Lapova, A. & Szirmai, A. (2021). Industrialization, employment and poverty. UNU-MERIT
Working Paper No. 81.
Lin, J. Y. & Monga, C. (2018). Comparative advantage: The silver bullet of industrial policy.
United Kingdom: Palgrave Macmillan.
Morawetz, D. (2021). Employment Implications of Industrialisation in Developing Countries:
A Survey. Economic Journal, 84(335), 491-542.
Ogbimi, F. E. (2017). Promoting sustainable economic growth and industrialization: Solution
to mass unemployment and poverty. African Journal of Traditional, Complementary
and Alternative Medicines, 8(3), 65 – 81.
Okurebia, S. O. (2019). Industrialization, youth employment and capacity utilization in Africa:
Some fundamental problems. European Journal of Business and Management, 6(27),
65 – 79.
Oluleye, F. A. (2016). Unemployment and inflation: An empirical investigation of validity of
Phillips relation in Nigeria. Okada: Benson Idahosa University.
Olusoji, M. O. & Oderinde, O. L. (2022). Industrialization, growth and employment in Nigeria.
Selected Papers for the 2017 Conference Proceedings of the Nigerian Economic
Society.
Onah, F. O. (2021). Issues in Urbanization and Urban Administration in Nigeria. Enugu: Jamo
Enterprises.
Onwukwe, N. U. (2019). Fundamentals of microeconomics. Abakaliki: Printwell Press Ltd.
Onwumere, J. U. J. & Igwemma, A.A. (2020). Industrialization development in Economic
Development and Management. Enugu: Quarter Press.
Phillips, A. W. (2018). The Relationship between unemployment and the rate of change of
money wages in the United Kingdom 1861-1957. Economica, 25(100), 283–299.
Riedel, J. (2018). Economic development in East Asia: Doing what comes naturally.
Cambridge: Cambridge University Press.
Torado, M. P. & Smith, S. C. (2021). Economic development. Harlow: Pearson Education
Limited.
Ukommi, A. S., Agha, E. O., & Ekpenyong, O. A. (2018). Industrial development and youth
unemployment: The case of crushed rock quarry industry, Ishiagu in Ebonyi State.
Knowledge Review, 28(1), 34 – 49.

DOWNLOAD PDF

---

Back