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Nigeria’s New Job Creation Decreased By 69.9 Percent - Jobs/Vacancies - Nairaland

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Nigeria’s New Job Creation Decreased By 69.9 Percent by Truth234(m): 2:55pm On Aug 22, 2015
The National Bureau of Statistics (NBS) report released on Friday shows a decrease of 69.9 percent or 327,702 in the number of new jobs created in the second quarter (2Q) of the year when compared with preceding quarter and 45.5 percent short of the total number of jobs created in the same quarter last year.

According to the report formal sector of the economy created 51,070 new jobs, which account for 36.1 percent of the total jobs created in the second quarter (2Q) of 2015. The formal sector recorded a decline of 61.6 percent or 79,871 jobs when compared to the number of jobs created in the first quarter (1Q) quarter of 2015 and a 35.2 percent decline to that of jobs created in the same quarter in 2014.

In the public sector, total of 6,395 jobs were created in the 2Q, beating same quarter last year with an increase of 11.7 percent or 669 jobs. This sector represents 4.5 percent of the total jobs created during the period under review.

The informal sector of the economy which consists of jobs generated by individuals or businesses employing less than 10 employees or businesses with little or no formal structures, created 83,903 new jobs. However, when compared with 1st quarter of the year when 332,403 new jobs were created, an alarming 74.8 percent decrease in jobs was recorded.

The report shows that informal and formal sectors are the most affected which correlate with the effect of current economic policy of the Central Bank of Nigeria (CBN) to restrict importers of certain items from accessing forex at CBN rate. This means that formal and informal businesses have reduced the number of jobs they create in order to cut cost and devise alternative business model to sustain their businesses.

http://investorsking.com/nigerias-new-job-creation-decreased-by-69-9-percent/
Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Immanueladebol(m): 2:57pm On Aug 22, 2015
Hnn...Oga buhari promised us jobs oo

37 Likes 2 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Queennikky(f): 2:59pm On Aug 22, 2015
Baba create more jobs..... Empower our youths and graduates

22 Likes 3 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by tpiander: 3:18pm On Aug 22, 2015
hm
Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by 9jii(m): 3:21pm On Aug 22, 2015
Jobbed

5 Likes

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Splashme: 3:22pm On Aug 22, 2015
[size=14pt]Nigeria is sinking in reality . . . . . but doing extremely well in propaganda and lies[/size]

145 Likes 23 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Mogidi: 3:33pm On Aug 22, 2015
The National Bureau of Statistics (NBS) report released on Friday shows a decrease of 69.9 percent or 327,702 in the number of new jobs created in the second quarter (2Q) of the year when compared with preceding quarter and 45.5 percent short of the total number of jobs created in the same quarter last year.
How anyone would think Bubu who couldn't create a job for himself (since 1985) would provide one for them is beyond me.

89 Likes 11 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by frodobee: 3:36pm On Aug 22, 2015
Frodobee :
SAIII BUHARIaAA SAI CHANJI Change ka icholu, change ka ifulu. Ndi ara.
Wait for programmed masturbating 1d1iots to come and call you wailers.
Have your change and gerra arra here mehn, holla.

Illiterate president and crew #100days of epic stewpidity

22 Likes 5 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by atlwireles: 3:38pm On Aug 22, 2015
This is just the beginning, you people will finally understand, development never happens in life by mistake or by immediate effect orders. angry angry

41 Likes 10 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by frodobee: 3:41pm On Aug 22, 2015
Frodobee :

For real, this Buharia needs to be kicked in the 4rse.
He doesn't deserve to be entrusted the affairs of a 5-man pure water company. He is a disgrace for real according to El-Rufai.

26 Likes 5 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Gh0stFreak: 3:47pm On Aug 22, 2015
cc lalasticlala ishilove
Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by frodobee: 3:49pm On Aug 22, 2015
One million annual jobs. 100 days and a million job already lost. If an ugly woman goes under the knife(plastic surgery) for a beautiful face to trap a husband, she shouldn't forget to go under the knife(plastic surgery) to give him a beautiful child.
Abeg try harder propaganda or work, election is over.

67 Likes 11 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Fianze93(m): 4:00pm On Aug 22, 2015
However, when
compared with 1st quarter of the year when 332,403 new
jobs were created, an alarming 74.8 percent decrease in
jobs was recorded.

APC! CHANGE

44 Likes 5 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Nobody: 4:39pm On Aug 22, 2015
Change!

Cc: Ishilove, lalasticlala.

1 Like

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Nobody: 4:43pm On Aug 22, 2015
Oya. Passingshot , Omenka , egift

Come and defend ur paymaster

22 Likes 4 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by PassingShot(m): 5:03pm On Aug 22, 2015
frodobee:
One million annual jobs. 100 days and a million job already lost. If an ugly woman goes under the knife(plastic surgery) for a beautiful face to trap a husband, she shouldn't forget to go under the knife(plastic surgery) to give him a beautiful child.
Abeg try harder propaganda or work, election is over.
Fianze93:
However, when
compared with 1st quarter of the year when 332,403 new
jobs were created, an alarming 74.8 percent decrease in
jobs was recorded.

APC! CHANGE
Euro31:
Oya. Passingshot , Omenka , egift

Come and defend ur paymaster
Silly illiterates!

This news has been reported here before and we pointed out your idiocy then.

1st, second quarter represents April, May and June.

Jona was in charge for the greater part of that quarter (two of three months).

Lastly, the report only tells a slow down in job creation in comparison with previous performance. It's clearly not that there have been job losses as some half baked here are making it seem.

More importantly, a slow down in job creation is a feature of all new governments as they use their first few months to chart a new direction for their regime. The fact that Nigeria was practically in comatose makes our own case worse.

Get quality education instead of wasting away your life wailing.

27 Likes 1 Share

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by dani3(m): 5:14pm On Aug 22, 2015
I blame BABA for this... kwarruption fighter.

7 Likes

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by PassingShot(m): 5:16pm On Aug 22, 2015
dani3:
I blame BABA for this... kwarruption fighter.
Get good education.

Read my post before yours and cure yourself of ignorance.

2 Likes

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by likila: 5:23pm On Aug 22, 2015
This job statistic is not afraid of Bubu anti-kworruption stance!
who is the head of this Board of Statistics?
It is time he or she is sacked!

17 Likes 2 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by ellabooz(f): 5:37pm On Aug 22, 2015
Govt of lies and propaganda.

16 Likes 3 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by adroitish: 5:38pm On Aug 22, 2015
It's easy for opposition to make all the promises during campaign... a harsh reality welcomes them upon resumption of office and they begin to give excuses...

7 Likes 1 Share

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by mrborntodoit: 5:38pm On Aug 22, 2015
Buhari promised to create jobs yet he refused to appoint ministers , may God help baba-go-slow wink

12 Likes 3 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by mployer(m): 5:39pm On Aug 22, 2015
Where do they get these statistics from?


I need more conviction to believe them.

1 Like

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by sternrichard(m): 5:39pm On Aug 22, 2015
Hmm
Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by frodobee: 5:39pm On Aug 22, 2015
Frodobee :
Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by rozayx5(m): 5:39pm On Aug 22, 2015
cheesy

but but but but buhari is defying the laws of physics and generating electricity with integrity grin cheesy

29 Likes 5 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Truckpusher(m): 5:39pm On Aug 22, 2015
atlwireles:
This is just the beginning, you people will finally understand, development never happens in life by mistake or by immediate effect orders. angry angry
The Zombies will never listen until they smell their own anus.

13 Likes 3 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by Evaromantik(m): 5:41pm On Aug 22, 2015
.Decreased kwa?.......mtcheeew
Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by frodobee: 5:41pm On Aug 22, 2015
PassingShot:



Silly illiterates!

This news has been reported here before and we pointed out your idiocy then.

1st, second quarter represents April, May and June.

Jona was in charge for the greater part of that quarter (two of three months).

Lastly, the report only tells a slow down in job creation in comparison with previous performance. It's clearly not that there have been job losses as some half baked here are making it seem.

More importantly, a slow down in job creation is a feature of all new governments as they use their first few months to chart a new direction for their regime. The fact that Nigeria was practically in comatose makes our own case worse.

Get quality education instead of wasting away your life wailing.
Mpa gi na nwanne mpa gi bu illiterates. Afo nsi.

33 Likes 1 Share

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by BlackPeni5: 5:41pm On Aug 22, 2015
They are busy insulting and criticizing Jonathan...guess they still think they are the opposition.

APC better start delivering on your campaign promise and stop all the noise, cos in the end only the statistics will talk and not propaganda.

23 Likes 3 Shares

Re: Nigeria’s New Job Creation Decreased By 69.9 Percent by skydancer: 5:41pm On Aug 22, 2015
Splashme:
[size=14pt]Nigeria is sinking in reality . . . . . but doing extremely well in propaganda and lies[/size]

Proof of the above: these days, when one just says propaganda, we don't know who's on the offensive or the defensive

6 Likes

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