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Evaluating the Impact of Real Sector on Employment and Income Generation Capacity in Nigeria: Perception Approach

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  • Abubakar Mustapha Muye

    (Department of Economics University of Abuja)

  • Sule Magaji

    (Department of Economics University of Abuja)

  • Yahaya Ismail

    (Department of Economics University of Abuja)

Abstract

This study examines the impact of the real sector on Nigeria’s economic development, utilising data from 100 respondents representing diverse demographics and professions. A structured questionnaire assessed perceptions on the sector’s role, challenges, and policy environment. Descriptive and inferential statistical tools, including chi-square tests and mean score analysis, were employed. Findings reveal widespread agreement on the sector’s contribution to GDP, employment, poverty reduction, and its potential to drive sustainable development. However, significant challenges such as inadequate access to finance, policy inefficiencies, skills shortages, and corruption undermine performance. Mean scores and chi-square tests confirm the statistical significance of these concerns. The study recommends financial inclusion reforms, skills development programs, stronger anti-corruption mechanisms, and enhanced infrastructure and policy frameworks to unlock the sector’s full potential. The results underscore the need for multi-stakeholder collaboration to transform Nigeria’s real sector into a robust engine of inclusive economic growth.

Suggested Citation

  • Abubakar Mustapha Muye & Sule Magaji & Yahaya Ismail, 2025. "Evaluating the Impact of Real Sector on Employment and Income Generation Capacity in Nigeria: Perception Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(7), pages 2436-2447, July.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-7:p:2436-2447
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    References listed on IDEAS

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    1. Sule Magaji & Ibrahim Musa, 2023. "Analysis of the impact of banking sector credit on the real sector," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 10(1), pages 11-19.
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