Economic growth, Unemployment and Poverty: Implications for Inclusive Growth Architecture in Nigeria

Abstract

This study investigates the impact of economic growth on employment and poverty in Nigeria, as a first approximation towards inclusive growth architecture. Using the Ordinary Least Squares regression, growth was found neither to have raised the level of employment nor reduced poverty in Nigeria under the period of investigation. An increase in growth rate is associated with a rise in poverty and unemployment, although not statistically significant. The findings are suggestive of public policy targeted at increasing the level of growth which raises the level of employment and reduces poverty, as a precursor to an inclusive growth organogram for Nigeria.