What are the most challenging and current economic problem in Nigeria, and how can macroeconomics contribute to solving them?

Unemployment is the most significant economic problem facing Nigeria. Important to note, the rate has been on the rise over the last years. To be precise, the average rate of unemployment since 2006 ? 2008 is 12.31%. Joblessness levels hit 23.10% in 2018. The young population is mostly affected by the escalating levels of unemployment. Factors attributed to the high levels of joblessness include:

• Corruption which is the most significant challenge depriving Nigeria a vibrant economic base. It has led to the poor infrastructure hurting economic growth in the country.
• Rural-urban migration. Most young people in Nigeria have been migrating to urban areas seeking employment.
• Lack of quality of education. Nigeria lacks skilled labor because of the weak education system. Corruption is a significant challenge hindering access to quality education in Nigeria.

The macroeconomic challenge can be remedied by implementing strategies to curb corruption in order to ensure that public resources are utilized in a manner that improves the country?s economic environment through improving infrastructure and promoting efficient provision of public goods and services.