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summary
In conclusion, it is obvious that government expenditure, money supply and/or interest rate are major determinants of unemployment rate in Nigeria since they were found to be statistically meaningful. All other determinants such as taxes is not important as it does not affect unemployment. Government has not been able to harmonize monetary and fiscal policies which causes unemployment rate to increase.
It is thus necessary to check the major determinants of fiscal policy and monetary policy so as to enable government and other agency to make policies that will bring about rise in employment rate thereby leading to economic growth.
