International records / OpenAlex research

Macroeconomic Policies and Unemployment in Nigeria

The study investigated the impact of macroeconomic policies (selected fiscal and monetary policies) on unemployment in Nigeria between 1981 and 2023. The study utilised annual time series data sourced from the Central Bank of Nigeria Statistical Bulletin 2023 edition. The data were analysed using Vector Autoregressive (VAR) model. Findings revealed that macroeconomic policy variables such as government expenditure (GEXP), tax revenue (TAXREV), and Broad money supply (MS) have negative but significant impact on unemployment rate in Nigeria over the study period. While variables such as lending …