The National Bureau of Statistics (NBS) has stated that 76.7 per cent of Nigerians are employed in the first quarter of 2023. The bureau, which…

The National Bureau of Statistics (NBS) has stated that 76.7 per cent of Nigerians are employed in the first quarter of 2023.

The bureau, which stated that it arrived at the figure using a new methodology, also said Nigeria’s unemployment figure dropped to 4.1% during the quarter from the 33.3% recorded in the Q4 of 2020.

Speaking during the launch of the methodology of the Nigeria Labour Force Survey (NLFS), the Statistician General of the Federation, Prince Adeyemi Adeniran, said the drop was due to the new methodology considering employed persons as those who engaged in at least one hour of work during the last seven days the survey was conducted.

This is a departure from the 20 hours used in the old methodology, the 13th ICLS, which was birthed and adopted in 1982 at the International Conference of Labour Statisticians.

Adeniran said the new figure brings Nigeria’s Labour Survey in tandem with the international standard which is equally used by Niger, Benin, Cameroon, Chad, Ghana and other African countries.

He stressed that the new figure was not to give the new government a good face but to bring up the method used to conduct labour surveys in the country.

The old method defined those that are in the labour force to be from 15-64 years old but the new method views it to be 15 and above that are willing, available, and able when the survey is conducted.


Highlights of the report

The report showed that the share of wage employment was 11.8% while more Nigerians operated their own businesses or engaged in farming activities at 75.4%.

“About one-third 33.2% of employed persons worked less than 40 hours per week. This was most common among women, individuals with lower levels of education, young people, and those living in rural areas,” it noted

It said the underemployment rate, which is the share of employed people working less than 40 hours per week and declaring themselves willing and available to work more, was 12.2%.

While the rate of informal employment including agriculture among the employed Nigerians was 92.6%.

“Those with post-secondary education were the most likely to be employed. In terms of age, young people aged 15-24 were the least likely to be employed, followed by older people aged 65 years and above. Finally, rural dwellers were more likely to be employed than urban dwellers.”

On his part, the Minister for Budget and Economic Planning, Atiku Bagudu, said the 12 per cent waged employment indicates the government needs to do more to provide employment for graduates.

He said the result was released three months into the life of the present administration, thus, has no bearing on what the government has done.

Meanwhile, a senior economist at the SPM Professionals, Paul Alaje, said the reduction of unemployment by the new methodology indicated that the available jobs are not commensurate with job seekers in the country.

“That is why we saw a major drop in unemployment figures; from the 33.3 per cent published in Q4 2020 to the 4.1 per cent in Q1 2023. The reason is that people are engaged in doing one thing or the other but what they are doing is not commensurate with their capacity or what they are able to do. For instance, people that have post-secondary certificates like BSc, MSc and so on, have the capacity to do more, that is what the government will struggle for,” he said.

He added that reduction has nothing to do with the government’s effort in terms of policy direction or creating jobs or the private sector creating more jobs.

https://dailytrust.com/working-for-1-hour-shows-you-are-employed-nbs-tells-nigerians/

Fools

What this means:

If you spend at least 1 hour to analyse football matches and than place a bet, take a bow, because you are not unemployed.

If you spend at least 1 hour to pose as a sexy lady online to chat with men, obtain their nudes and blackmail them, keep working hard because Nigeria regards you as gainfully employed.

If you spend at least 1 hour bombing formats out from your lappy, be happy because even though EFCC is unhappy about your activities NBS is happy you are employed.

If you spend at least 1 hour on hook-ups with a man, take a bow, you are contributing to the Nigeria's GDP.

If you spend at least 1 hour on X (Twitter) to drive impressions, take a bow, you are gainfully employed.

If you are among the people who spend at least 1 hour to watch movies online for money, repost porn works of porn artistes for money, etc., rejoice because you are not part of unemployed statistics in Nigeria.

Alleluia somebody, Nigerian economy is booming.

Chaiiiii
This country will not kill me
Where is the employment na

I'm wondering if I am the cause of this unemployment ( either too dull or having a low IQ) that I can't find a good work to do Or the government hasn't done well enough to provide a good working environment and has refused to give us good jobs without greasing the palms of those in charge of the recruitment

Abeg let me manage my 70k teaching job with suffering and smiling

Is it for the ministers or senators

Very soon they will tell the world that 90% Nigerians are rich because they can afford to eat once a day. Nonsense!!!! These people have completely ran out of idea to fix this country. Citizens you are on your own !!!

Imagine what a country has been reduced to?.

APC came to kill, steal and destroy!

WoW....

Charlatans trying to be clever by half

Abi
Zombies dey there

😆 🤣

Once they want to lie they start looking for things to cover up.

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Craze people

People that work one hour make and contribute more than those that waste hours at work tweeting and gossiping on Nairaland

Nigeria is a cursed nation from day one

If you have the means, please leave now

Even if u are earning 2million per month in Nigeria, find a way pack ur bags and leave.

The worst is yet to come in this Tinubu's administration.

Black shall become white and white will be turned to black.

😂😂😂😂. No wonder unemployment dropped by 4.1%> Mad ooo

Lol...

Boom! a major achievement

High rate of unemployment has been reduced(technically )

Hmmm

No need to read the details cause it already contains a misleading/misinformation/miscalculation and any mis...

Little they said unemployment rate has fallen to 4.3%

I believe Nigeria is a comic relief network for God and His angels when they want to laugh because these things are not adding up again.

I don't even know what say than to smh and pouting in disgust

These ones have taken wraps of agbado white substance.

; Savage reply

I feel like crying for myself right now

Higherthan:
The most useless and lazy people we have in THIS economy are those supporting that fraudulent man called OBI, they will soon flood this thread to rant as usual, they don't see anything positive with their eyes 👀 foolish 🐷.

Emilokan doesn't know if you exist. Keep asslicking him jare. Arindin omo

Lol.... 🤣🤣🤣

Every government ministries, departments, agencies and parastatals are going crazy simple because Nigerian government is crazy.

Always provoking Nigerians with their utterance, action and inaction.


Why haven't this nation burned? Cos what these people do is more than enough to burn down a nation.

Tinubu miraculous propaganda

He added that reduction has nothing to do with the government’s effort in terms of policy direction or creating jobs or the private sector creating more jobs.