Analsis of the relationship between unemployment,Inflation and Political Leadership in the Nigerian Economy: 2015-2023

Abstract

The Nigerian economy experienced the worst kind of persisting inflation and rising unemployment between May 2015 and May 2023 being the period of focus in this analysis. Deployment of sound economic planning, efficient resources allocation, committed political leadership among others, will deliver same order of outstanding macroeconomic performance in Nigeria as elsewhere in the world if brought to bear in fiscal and monetary policy formulation towards national economic development. This paper wants to buttress that committed political leadership is required not only to arrest rising unemployment and inflation along with sluggish economic growth but also for building a prosperous nation. It recommends that political leadership should provide the enabling environment required for economic activities to thrive, see to it that the law is enforced and injustice redressed by necessary compensations.