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Unemployment And Begging Across Nigeria by Blue3k2: 3:26pm On Apr 20, 2018 |
Despite this controversial tweet to the contrary, the unemployment rate is Nigeria is not actually that high on average. According to the International Labour Organization (ILO), the unemployment rate is 5.5 percent (the official unemployment rate for the last quarter is 19 percent). For comparison, Ethiopia’s was 5.4 percent, South Africa’s was 27.3 percent, and the U.S. unemployment rate stands at 4.9 percent. In his book Poor Numbers (2013), Morten Jerven has taught us to be skeptical about African statistics, with the exception of those from South Africa. Nevertheless, the World Bank figures are probably the best to be had, and they try to take into account the informal economy. The reality appears to be that Nigeria has an unemployment rate similar to that of other African states, while South Africa is the outlier. Source: https://www.cfr.org/blog/unemployment-and-begging-across-nigeria?utm_medium=social_share&utm_source=tw |
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