Recently the phenomenon of jobless growth has become common, defying the famous Okun law which predicted increase in job with increase in economic growth. Many factors have been advanced as explanations for this, most prominent of which are changes in the labour market and lopsidedness in economic growth. This paper is an attempt to measure labour market dynamics in Nigeria focusing on the relationship between economic growth and unemployment. The paper used data from 1991 to 2020 and employed GMM and ARDL models to analyze the data. Unlike the Okun law which prophesies negative relationship between unemployment and economic growth, the result from this analysis show that there is positive relationship between unemployment and economic growth, confirming the existence of the phenomenon of jobless growth in Nigeria. The paper recommended structural changes in the economy and the labour market.

Corruption is one of the main causes of inefficiency and poor productivity. This chapter looks at the relationship between banking failure, corruption, financial development, and economic growth in Nigeria during the period from 1989 to 2019. The work uses the autoregressive distributed lag (ARDL) cointegration and error correction model and the Granger causality test for the analysis of data. The results of the empirical analyses show a negative relationship between corruption and both financial development and economic growth. This shows that corruption is bad for both the financial sector and the economy. The result also shows that corruption is a good reason for causing bank failures in Nigeria. Hence, for financial development and economic growth, corruption must be reduced as much as possible if not eliminated. It is recommended to put the fight against all forms of corruption in Nigeria in top gear.

This chapter's main objective is to critically analyze the phenomenon of corruption in Africa, and in the process highlight some major cases of corruption in the continent, describe the evolutions of the phenomenon, as well as recommend some possible ways and mechanisms for fighting the menace. The study looks at figures from Transparency International and United Nations Human Development Index and juxtaposed them with the changing dynamics of corruption in Africa. The method of study is critical analysis of individual cases, Africa corruption ranking and reviews of relevant empirical literature dealing with corruption in Africa. The study also adopts phenomenology as a study tool. Thus, the study relied heavily on secondary sources of information. The summary of the findings of the chapter shows the problem of corruption in Africa as endemic; something that has entered all the major sectors of modern African society.