Analysis of the Impact of Insecurity on Youth Unemployment (1990-2020)

Analysis of the Impact of Insecurity on Youth Unemployment

Abstract

Using the ordinary least square estimation technique (OLS), this study investigates the effect of insecurity on youth unemployment in Nigeria from 1990 to 2020. The dependent variable in this study is unemployment (UNE), and the independent variables are National Terrorism Index (NTI) and Crime Rate (CR). The study's findings show that NTI has a positive and significant impact on UNE; a unit increase in NTI results in a 0.000827 increase in unemployment. The influence of Nigerian CR on UNE is both favourable and large; an increase in Nigerian CR results in a 0.005653 increase in unemployment. Because heightened insecurity is a direct outcome of unemployment, the study suggests the government should cut interest rates in commercial banks to make loans more available to small business owners so they can hire more people. Government should also fight corruption in both public and private offices, kidnappings and create more skill acquisition centres.