ASSESSING THE CONTRIBUTION OF FEDERAL GOVERNMENT INVESTMENT TO ECONOMIC DEVELOPMENT IN NIGERIA

Abstract

This study ascertained the effect of federal government investment on unemployment rate in Nigeria, using government investment on agriculture and government investment on security as the independent variables. Ex Post Facto research design was employed for the study. Data were extracted from CBN Statistical Bulletin and the World Bank World Development Indicators. Data were analyzed using descriptive statistics and inferential statistics generated from E-Views 9.0 statistical software, using 95% confidence. The findings show that federal government investment on agriculture has a positive significant effect on unemployment rate in Nigeria, while federal government investment on security has a negative significant effect on unemployment rate in Nigeria. However, there is a long-run association existed amongst variables under investigation in Nigeria over the based on the findings, it was recommended among others that there is need to diversify and develop a lasting means of tackling insecurity in the country in order to create enabling environment for private sector to invest varieties of enterprises which will in turn create employment in the country, Nigeria