Inflation And Unemployment Nexus In Nigeria:- Ezeala, Joy N

ABSTRACT i i x Ji The study examined inflation and unemployment in Nigeria. Specifically, the study examined the long-run relationship between inflation and unemployment in Nigeria as well as the effect inflation exerts on unemployment. The study employed the ex-post facto research design. Secondary source of data was used for this study and was obtained from the Central Bank of Nigeria statistical bulletin. A linear multiple regression analysis model was used, the model was estimated using Ordinary Least Square (OLS) because ofits best linear. The study found that there is negative and significant relationship between inflation and unemployment. Based on the finding, the researcher recommended that government should provide a conducive investment environment and remove the structural rigidities that exist in the economy to create jobs, the need for massive investment in the real and productive sectors of the economy and that Government through the monetary authorities should lower interest rates as this can boost local production by increasing the availability oflong term capital/credit to the real sector.