| Title: | Pathway To Sustainable Job Creation In Nigeria: An Appraisal Of Sector Performance, 1986-2020 |
| Author(s): | Jack Better |
| Abstract: | This study was motivated by the ongoing debate on the role played by the agricultural, industrial and service sectors in developing economies. It examined the impact of sector performance on sustainable job creation in Nigeria. The sector performance was disaggregated into agriculture, industry and service sectors, measured by the growth rate in each of these three sectors. In addition, government expenditure was introduced to the empirical model following its link to economic development as provided in extant literature. The time series data for the variables were obtained from Central Bank of Nigeria Statistical Bulletin, National Bureau of Statistics and World Development Indicator. The data analysis techniques utilized include descriptive statistics, unit root test, bounds cointegration and Autoregressive Distributed Lag estimation and robustness tests. The unit root tests results showed that while agriculture and industrial sector growth rates were integrated of order zero, the other variables were integrated of order one. Evidence of cointegration was established in the model from the bounds test results. The ARDL results showed that agriculture sector performance had a significant (0.04) negative (-2.39) effect on unemployment. The short-term effect of industrial sector performance on unemployment was positive with t-statistic (3.3941) and probability value (0.0048). There is evidence of a significant (0.0031) negative (-0.7448) effect of service sector performance on unemployment. Government expenditure had a significant (0.0042, 0.0304) negative (-3.551, -2.582) effect on unemployment in both long and short-run. Given these findings, the study recommends that policymakers should provide incentives for industries including SMEs for improved performance of the industrial sector, while providing post-harvest facilities, lands and social community services for the agricultural and service sectors respectively. This will play a substantial role in improving the effectiveness of the industrial sector contribution while sustaining the agricultural and service sector performance to sustainable job creation in Nigeria. |
| Keywords: | Sustainable Job Creation, Unemployment, Sector Performance, Economic Development, Nigeria |
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