| Abstract: |
This study examines the impact of de-globalization on unemployment and poverty levels in Nigeria from 2015 to 2024. De-globalization, characterized by reduced international trade, foreign direct investment (FDI) decline, and protectionist policies, has significantly affected Nigeria's economy. The primary objective is to analyze the correlation between de-globalization indicators and socioeconomic outcomes. The methodology employs a quantitative research design utilizing secondary data from the National Bureau of Statistics (NBS), World Bank, and International Monetary Fund (IMF). Data analysis includes descriptive statistics and correlation analysis examining trade-to-GDP ratios, FDI flows, unemployment rates, and poverty incidence. The hypothesis posits that de-globalization intensifies unemployment and poverty in Nigeria due to reduced foreign investment and trade opportunities. Results reveal that trade openness declined from 31.4% (2015) to 24.8% (2024), while unemployment increased from 9.0% to 33.3%. Poverty incidence rose from 40.1% to 46.7% during this period. Statistical analysis demonstrates strong negative correlations between globalization indices and unemployment (r = -0.82) and poverty (r = -0.78). The study concludes that de-globalization adversely affects Nigeria's labor market and poverty reduction efforts, recommending economic diversification and regional integration strategies. |
