Abstract
This article emphasizes the use of mathematical logic in scientifically examining and explaining the economic challenge of massive youth employment crisis, under capacity development and unbridled household consumption of telecommunication services. The proposed model is called GSM-EMCAD. The major finding of the paper is that training or capacity development in telecommunication is a key factor that can expand employment opportunities in this 21 st century and beyond, implying that youth employment and loss of growth opportunities in Nigeria can be explained by the rapid innovation in global system for mobile telecommunication and the mismatch between market realities and labour skills set as opposed to many other factors highlighted in literature. The motivation is that in a knowledge-based economy, the spillover effects from investment in GSM telecommunication and people keep generating returns. Examples are GSM telecommunications hardware and software, and other high-tech industries, play a particularly important role here. Keywords: Telecommunication, Employment and Labour JEL Classification 014 DOI: 10.7176/JESD/11-4-12 Publication date: February 29 th 2020
Highlights
Over the past ten decades Nigeria has witnessed a massive disequilibrium in the labour markets, economic recession and spike in household telecommunication consumption
Between 1999 and 2010 the economy witnessed substantial growth occasioned by diffusion of Global System Mobile telecommunication among other factors
An example is the observation that the major shift caused by the advent of global system for mobile telecommunication (GSM Telecom) in Nigeria sometimes in 2000 has triggered some changes two decades down the line, which has affected our social, cultural, and political spheres of our economy
Summary
Over the past ten decades Nigeria has witnessed a massive disequilibrium in the labour markets, economic recession and spike in household telecommunication consumption. It may appear unlikely that GSM telecom capacity development or training or skill set upgrade is a key factor in explaining lacklustre performance of Nigeria’s economy over the last 25years in terms of youth employment. Eke and Uke (2006), Eke and Aluko (2006) Magaji and Eke (2013) and Eke (2019) worked on the broad impact GSM telecommunication has on Nigeria’s economy and investigated its role during the recessionary years as hypothesized by a larger segment of literature In these articles, we used models, data, theoretical frameworks and analysis were used to articulate how one can discover the truth and its trends. We must note at this point that our paper is purely a logical effort deploying mathematical economics and solicits implementation and further research
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