THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTHINNIGERIA

This study examines the impact of unemployment on economic growth in Nigeria. The study adopted The study adopted the expo facto research design to source aggregate data from Central Bank of Nigeria CBN statistical bulletin from 1995 to 2022. The data was analysed using the Johansen co-integration test, serial correlation tests, Ramsey test, Unit Root Test ADF, and the Error Correction Mechanism ECM. The result showed that unemployment has positive impact on economic growth. The study recommended that deliberate and conscious ef ort should be given to the planning process through which the nation's expenditure will be carried out through. Therefore, planning and budgeting should be done on time and handled by professionals. It's also advised that some key sectors like the health sector, education sector and industrial sector. This will help the economy in becoming diversified and boost economic growth and development. Corruption had also been a major hindrance to efficient employment practices like government expenditure. Therefore, any possible means to ameliorate corruption should be taken