Abstract
This paper deals with the population and the problem of unemployment in LDCs. The economies of the LDCs are characterized by high population growth. They are facing great challenge in generating adequate job opportunities for their teeming population. Many facts and data from notable authors, agencies, websites and organizations were analyzed and discussed in this paper regarding this problem. Nigeria is not left out as their population ever increases with limited number of job opportunities. The factors responsible for the increase in the level of unemployment in Nigeria includes: rural urban migration, wrong government policies, urban bias, lack of population control, lack of mental skill and practicability, corruption and Inspirited Entrepreneur drive. Reviewing the socio-economic organization, monitoring rural-urban migration, promoting agriculture and entrepreneurship programmes, Investment in human capital, and encouraging Public Private Partnership etc. were some of the recommendations made to avoid a “worst-case scenario” of the above problem and to realize the nation’s vision as being one of the leading economies by the year 2020.
Highlights
The economies of the Least Developed Countries (LDCs) are typified by high level of population growth
Afghanistan, Guinea, Guinea – Bissau and Timor-Leste has seen a mere tripling of their populations [3]. Such predictions would be a source of worry if the least LDCs, whose population growth rate triples that of the developing countries, are unable to meet the vast needs of growing numbers of people
To provide the teeming controlled population the needed employment opportunities, there is need to efficiently allocate resources and initiate projects towards employment generation. This is needed to avoid a “worst case scenario” as postulated by THE GENERATION TEAM, “In worst case, Nigeria will see growing numbers of restless young people frustrated by lack of opportunity; increased competition for jobs, land, natural resources, and political patronage; cities that are increasingly unable to cope with the pressures placed on them; ethnic and religious conflict and radicalization; and a political system discredited by its failure to improve lives”
Summary
The economies of the Least Developed Countries (LDCs) are typified by high level of population growth. Approximately 855 million people are residing in the LDCs. The total population of the 48 least developed countries is rising today almost twice as rapid as that of the developing world: at 2% per annum and 1.2% annually. The LDCs populace has significant tests if the characters intrinsic in it are under-utilized to optimum capacity. Maybe, they are about to confront the greatest test in times gone by, creating adequate amount of jobs at reasonable salaries to take in their fast growing populations into industrious employment. Nigeria has been experiencing population explosion for the past 50years due to high fertility rates, quadrupling its population overtime. This paper is guided by the following objectives: to examine population and employment trends in LDCs; to examine the population profile of Nigeria and to identify the factors responsible for the increased employment problems in Nigeria
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