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CONSEQUENCES OF
UNDERDEVELOPMENT IN
NIGERIA
Effects of underemployment on
QUANTITY SURVEYING
Group 5
Group members
• Peter Grace ITA/2022/49607
• Chukwudi Ifunaya Deborah ITA/2022/49609
• Borode Rachael Omolola ITA/2022/50178
• Echindo Ejiraobari Saate ITA/2022/49200
• Nwafor Sarah ITA/2022/49345
• Obisesan Rosemary Folakemi ITA/2022/49505
• Prince David ibiyeiomie ITA/2022/49920
• Nwoke precious amarachi ITA/2022/49199
TABLE OF CONTENT
• INTRODUCTION
• MEANING & TYPES OF UNDEREMPLOYMENT
• CAUSES OF UNDEREMPLOYMENT
• DISADVANTAGE & ADVANTAGE OF UNDEREMPLOYMENT
• QUANTITY SURVEYING AS A DISCIPLINE
• WHO IS A QUANTITY SURVEYOR (QS)?
• CHALLENGES OF UNDEREMPLOYMENT ON A QS
• EFFECTS OF UNDEREMPLOYMENT IN NIGERIA
• POSSIBLE SOLUTIONS OF UNDEREMPLOYMENT
• SUMMARY
• CONCLUSION
• REFERENCE
INTRODUCTION
Underemployment is one of the reason of developmental challenges facing Nigeria at
the moment. Research has shown that from 2018 there was 8.4% of underemployed
people, but the available report from local and international bodies and the glaring
evidence of underemployment in this decades are clear indication that there was no
time in Nigeria history where underemployment is as serious as now. One cannot
really conclude that the government at one level or the other has not done any thing at
one time to reduce underemployment in Nigeria, for instance current International
statistical guidelines on underemployment , however have not managed to enlarge
their scope beyond visible underemployment reflecting an insufficiency in the volume
of employment of the regulation concerning statistics of the economically active
population, employment and unemployment.
Underemployment according to ILO, is among the threat to social
stability in many countries ( including Nigeria ), putting the global
rate at 12.6 %(2012) when compared with the counterpart in the
continent, Nigeria’s underemployment crisis is kind of serious for
instance South Africa underemployment rate is standing at 25.2%
and in Ghana is about 14% in 2010, while in Nigeria is around 37
percent recent statistics has put underemployment at 22.6%.
Underemployment in Nigeria is quite a quite a serious one has it
has cause poverty and in some case it also affect the victim
mental health and bring problem in the family and society
therefore the objective of this research is to know the cause ,
consequences of underemployment, the advantage and
disadvantage of underemployment , possible solution to
underemployment, the causes and how underemployment affect
quantity surveying the most.
MEANING & TYPES OF
UNDEREMPLOYMENT
WHAT IS UNDEREMPLOYMENT: Underemployment
occurs when a person does not work full time or take a job
that does not reflect their actual training and financial needs
that is, their job does not use all their skills and education
levels or provides less than full time work. This is not the
same as unemployment, which refer to people who are not
currently employed at all.
There are two (2) types of underemployment that can
happen in a society.
They are:
INVISIBLE UNDEREMPLOYMENT:
3. Psychological problems: Underemployment can cause poor mental health. The stress and
anxiety are a result of not being able to make ends meet, which creates a sense of inadequacy.
Relationships with a partner can also suffer as a result of underemployment.
Underemployment can seriously affect an individual’s mental and emotional health.
POSSIBLE SOLUTIONS OF
UNDEREMPLOYMENT
• https://corporatefinanceinstitute.com
• www.thebalance.com
• https://www.investopedia.com
• www.tutor2u.com
• www.icaew.com
• www.britannica.com
• https://study.com