Global Journal of Human Social Science, E: Economics, Volume 21 Issue 4

the struggle to reduce one of them at the other's cost, meaning that if the curve's slope is steeper, the rate of unemployment brought about by a significant increase in the rate of inflation, the decrease in unemployment will below. However, if the slope of the curve is flatter, the fall in unemployment that will be attained by a slight increase in the rate of inflation will cause unemployment to be high. Government policymakers can determine the opportunity cost of a lower inflation rate in terms of employment forgone, i.e., the policymakers' task to optimise this relationship by selecting the inflation- Unemployment Combination that maximised social benefit. Therefore, any policymaker who wants todecide should take such a decision that will have a less negative impact on the citizens, like ensuring that they take a policy that will minimise social harm for the people. j) First Set of Solutions to Unemployment In Nigeria, there are several solutions to unemployment which has been on the increase, among which are: i. Proper Attitude to Work Most people, especially government workers, do not generally like working hard. They always believe the slogan. "After all, government work is not my father's own". This idea or belief at the back of their minds makes them handle the work with all amount of carelessness. In a company or establishment where we have this type of workers, there used to be a high labour turnover rate in its bid to stop this type of behaviour towards restoring to the frequent fringe of any workers who attempt to bread this type of obnoxious meaning and human style of a worker in the workplace. Common sense, therefore, will even indicate to us that where the number of those employed are reduced and unemployed is increased in order to obtain from advocating for proper attribute to work, people should regard the work from which they earn a living and very serious by being punctual to avoid unnecessary embarrassment and lay off from their employers. ii. Reorganising the Education System In order to use the education system to combat unemployment, the system should completely be reorganised so that employment is guaranteed on completion of school. This re-organisation can be realised through proper and adequate training coupled with well-experienced and qualified personnel. The teacher goes a long way in shaping one's life by giving the student the real stuff expected by his employers. iii. Vocational School Curriculum Should be Encouraged Nigeria's educational system should be a vocation oriented whereby skills taught in schools should be relevant to industries and commerce. The successful implementation of the 9-3-4 education system in Nigeria should be a system that will make the young school leaver's self-employed and not made to roam the streets looking for white-collar jobs. iv. Expansion of the Agricultural Sector Double attention should be given to the agriculture sector because it is the nation's bedrock. Almost 75% of people of Nigeria living in rural areas without any modern infrastructure like good roads, pipe born water, electricity, etcetera thereby making them perpetual local and crude farmers; government should, in order to curtail unemployment build good roads, good communication network pipe born water and electricity so that investors can go inside the rural are to invest financial sides loan, and awareness should be given to farmers by way of making tractors, plough, harvester, etcetera available to them, which will invariably boost their ego and production capability, thereby attracting more into the profession and in the same way renouncing the amount of unemployment government not only encouraging farmers as a means or step to eradicate unemployment can do the same thing by building agriculture estates like cassava, banana, cocoa plantation and also breading of poultry, piggery goat etcetera which generates revenue to the government but reduces birth rate of unemployed because it is human being, not animals, that are going to work in those agricultural establishments; this is to say therefore that attention should be given to the expansion of the Agricultural sector by way of making loans available to the farmer the problem of unemployment will definitely to be a thing of the past in the nearest future. Also, farmers should be encouraged to use modern agricultural technology, including modern equipment, machines, improved seedling, and fertiliser. To complement this effort, the government should build farm settlements, open and equip school in the farm settlements and close to the towns where farmers settled with health facilities to make agriculture more attractive and profitable. v. Making Loans Available If there is the availability of loan to the investors who have little or no m43oney but have that business insight, they will invest, thereby creating opportunities for our youths, school leavers who are working the whole street of the town searching for the financial situation. The high rate of interest should reduce the loan given to them. The repayment of the loan should give a loan period, and freedom of movement should be given to these investors to distribute theory employment opportunities to all the workers and concern of the society. vi. Encourage Mobility of Labour People's movement will solve the unemployment problem as stated by a great and well- known development economist, Author Laws, who Volume XXI Issue IV Version I 69 ( E ) Global Journal of Human Social Science - Year 2021 © 2021 Global Journals Which of these Economics Jargons - Underemployment, Overemployment, Unemployment, Rightemployment, Overqualification and Overeducation is Appropriate for an Economy?

RkJQdWJsaXNoZXIy NTg4NDg=