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ABSTRACT
Over the years, unemployment has been a bane of economic growth and development in Nigeria. This study examined the effect of unemployment on economic indices in Nigeria using yearly time series data spanning 2002-2020. The Ordinary Least Square regression technique was adopted for analysis. The study revealed that unemployment has a significant effect on gross domestic product per capita but has no statistical relationship with balance of payments, both of which were used as proxy for economic indices. This implies that, although unemployment may not be the sole explanation for the direction of economic indicators in Nigeria, it could have a contributory effect on the direction of economic indicators in the country. Thus, the issue of unemployment must be tackled with urgency in order to quell the potential risk it poses to the Nigerian economy as a whole.
