Poverty Reduction Policy and Youth Unemployment in Nigeria

Abstract

Nigeria is endowed enormously with abundant resources, which can empower the youths for positive contributions towards sustainable socio-economic development. A prosperous, disciplined, law-abiding and focused youth population remain a vital segment of the society, who has the ability to create a great future for the nation. However, the neglect of this group of human resources is no doubt the most pernicious of wastes, which can militate against the development efforts of the nation. This paper examined the dynamics of poverty reduction policy in relation to youth unemployment in Nigeria, with the use of secondary data and some indicators.  It was discovered that majority of the youth segment of the Nigerian population live below the poverty line, due to unemployment. Some among this group are even unemployable. Furthermore, the paper revealed that the agencies charged with the responsibilities of implementing the poverty reduction policies of government, (relating to youths employment) have failed in the discharge of their duties, thus exacerbating the menace of poverty in Nigeria. The study recommended among other things, a holistic approach to the creation of jobs, so as to reduce youth unemployment. The authors believe that this position would boost economic growth, which is expected to tickle down to reduce poverty and ensure a sustainable national development in Nigeria.

Key words: Poverty, Poverty reduction, Policy, Youth unemployment, Youth development, Programmes, Poverty reduction Agencies.