Every country in the world aim at achieving economic growth and development. This is only possible if a country has adequate resources In developing countries especially those in sub-saharan Africa,The resources to finance the optimal level of economic growth and development are in short supply.

 A proper understanding of these concepts is therefore very necessary in order to get a good grasp of how inflation and unemployment has effected growth in Nigeria over the years.Nigerian economy has suffered so much since independence. 

All sectors of economy wants to benefit from the minimum wage thereby causing price fluctuation (inflation) it is therefore necessary that this vice is defined exposed and controlled for economic and social progress of the masses.