The connection between the unemployment rate and economic growth is one of the most vital issues. The
study aims to determine how these variables have a bearing on each other and what impact they are having on national
economic development. Secondary data were collected from CBN Statistical Bulletin for the period 1993 – 2022. Multiple
regression analysis was used to analyze data. The study indicates that the unemployment rate (UNM) has a static
relationship with GDP, which is not statistically significant, whereas the population growth rate (PGR) and money supply
(MS) have a positive relationship with GDP because it is statistically significant. It is recommended that the government
should implement targeted programs and policies to address unemployment, including investments in education,
vocational training, and entrepreneurship development. They should also Formulate and implement policies that promote
family planning, education, and healthcare to align population growth with sustainable economic development goals.