A study of this sort is necessary owing to certain serious problem confronting the economy of Nigeria.  It has been evident that since the Nigerian Civil War ended in the year 1970.  The problem of money supply and its effect on the area of unemployment have been an economic problem that is disturbing the economic growth and Development of the country.

This problem has been of great concern to every Nigerian and the government of the country.  Unemployment is generally an economic, social and political problem which causes economic waste.  Lowers the National Income (GDP and GNP) causes human suffering and reduces the level of development.  As a result of this, many jobless able bodied young men and women roam the streets daily perpetrating social ills such as armed robbery and prostitution.

This course of study is investigating on those factors that affect unemployment in the country, through the volume of money in circulation.  And also how those factors affect the economic efficiency or growth and Development of the Nigerian economy.