Job Absorption Capacity of Nigeria’s Mining and Quarrying Sector

The mining and quarrying sector account for 10.6 per cent of the GDP 0.2 employment in 2014, according to records National Bureau Statistics. Relative gross value added sector, its contribution aggregate is small. Meanwhile, unemployment one most pressing macroeconomic problems Nigeria today. It against this background that job absorption capacity was investigated facilitate creation policies sector. Time series secondary data covering 1981 2014 on rebased Gross Domestic Product (GDP) sectoral Value Added (GVA) at 2010 constant basic prices, employment, wage rate, inflation rate interest were collected from Statistics Central Bank Nigeria. Sectoral elasticities growth measured using Vector Error Correction Model (VECM) regression α0.05. Mining elasticity -0.05, but not significant. However, there significant inter-sectoral inter-temporal relationships which may be based.