Unemployment rate under Buhari worst in Nigeria’s history: World Bank


The World Bank said unemployment rate particularly rose acutely since the 2015-2016 economic recession.


Anew World Bank report has indicated that the unemployment rate in Nigeria has risen more than ever in the history of the country under the Buhari led administration.

For a nation, unemployment rate is defined as the percentage of the labour force population who could not find at least 20 hours of work in the reference period.

The report says the rate was significantly higher for Nigerian youth (42.5 per cent) compared to non-youth (26.3 per cent).

The current rate of unemployment in Nigeria has risen five fold from 6.4 per cent in 2010, hitting 33.3 percent as of the last quarter of 2020, per National Bureau of Statistics’ report.

The Washington based organisation said the unemployment rates which started rising sharply in 2015, when President Muhammadu Buhari assumed power, has been worsened by COVID-19, leading the country into recession.

“The rise in unemployment rates has been particularly acute since the 2015- 2016 economic recession and has further worsened as COVID-19 led to the worst recession in four decades in 2020” the paper read in part
The report which was published in collaboration with Rapid Social Response trust fund (RSR) and Korea World Bank Partnership Facility ( KWPF) puts the rate of employed male in Nigeria at 46.4 per cent while that of women stood at 40.6 per cent.

The World Bank opined that the growing numbers of Nigerian citizens seeking asylum in other countries is as a result of economic issues faced in Nigeria.

It states that from 1990 to 2019, migrants from Nigeria has risen from 446, 806 to 1,438, 331.

A World Bank projection in March, 2021 had predicted that no fewer than 20 million Nigerians would have plunged into poverty before Mr Buhari leaves office.

In a report in June, the World Bank warned that Nigeria’s 10 years economic gains could be reversed under the Buhari regime.

Though Mr Buhari claims his regime has lifted 10 million Nigerians out of poverty, the World Bank maintains that seven million Nigerians became poor under Buhari in 2020.

Mr Buhari in an interview with Arise TV crew in July blamed youths for worsening rate of unemployment.

He asked the youths to be of good behaviour so that foreign investors can come into the country.

“Nobody is going to invest in an insecure environment.

So I told them [his ministers], I said they should tell the youth that if they want jobs, they will behave themselves,” Mr Buhari said.

https://gazettengr.com/unemployment-rate-under-buhari-worst-in-nigerias-history-world-bank/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

This shouldn't be a debate

I remember how people, especially the Oil workers lost their jobs the first year this administration came into power and since then no history of job creation to help the dying souls, instead all we get is the story of Looting

The truth bites

Vulture meat will not agree with you

It's very obvious, even the unborn can feel the impacts of this disaster that happened since 2015

Las las, Nigeria na viewers discretion is advised.

Atleast this can't be tagged as fake news or hate speech

The fact that the Buhari admin is lifting thousands out of poverty without employment is a summary of the root problem in Nigeria.
They are simply shuttling between selling oil and borrowing to share out or do projects that cannot generate their cost in the foreseeable future.

You don't need any soothsayer to tell you that the sleepy dullard from daura is a colossal disaster that has plunged Nigeria further into economic quagmire.
Even all the Nairaland resident Zombies can attest to the fact that the calamity of a president has destroyed Nigeria Kpatakpata and it's game over.

Buhari the recessionist is just failure personified

I thinks it should be unemployment in southern nigeria , northerns are gainfully empolyed under buhari's regime

This is not on the World Bank Website

If I should say what’s on my mind someone will go and call police, police will now call the mode.

World bank may be banned like twitter very soon. They don't learn. You don't talk anyhow about Bubu

A people -esp’ ones as daft as Nigerians- get the type of gov’t they deserve!

This is proper NEXT LEVEL sufferness!

Wahala for who no get job in this country

Buhari's cow friends are coming to give excuses for the failure. Just watch.

My children and grand children must hear this. Worse president ever.

APC created one million jobs through MASQUERADES.... Lai Muhammad..

Let me ask Osibanjo. He once said Agriculture will employ 50million youth. I guess, he didn't ask his principal what type of Agriculture, grazing with Ak 47 or farming .

NLPoliceWoman:

Again,
Seun Mynd44 Justwise Dominique.
Rule 2.
Rule 8.

I think the Nigerian police should arrest you for impersonation..

Buhari can’t give what he don’t have..


Buhari only became the president just for two things, and he has achieved it. Right now he is just using Nigeria to catch cruise pending when he will handover to another northerner.

I’m not disappointed at all.

AlhajiBitcoin:


I think the Nigerian police should arrest you for impersonation..

NLPolicewoman is , don’t get it twisted. She own that moniker too, she always use that moniker to report members to moderator.


You won’t see that hypocrite vulturegriller on this thread, she will run from it like a plague.

NLPoliceWoman:


Rule 2.
Rule 8.

E STILL DEY PAIN YOU

Monogamy:


The guy deserves to be banned

BECAUSE I DEY SPOIL UNA TAQIYYA GAME ON NAIRALAND.


GET READY TO GO BACK TO FUTA JALLON