liveLongNprospa:


We will get to get.
The original question remains..

Do you believe the unemployment figures?

Of course I believe it, why won’t I believe it?

The NBS has been saying it since last 2 years, in fact the UN and ILO have been advocating for the new methodology to be adopted by Nigeria.

Segedinho:

4 % unemployed simply means 192m from the 200m Nigerians are employed.....

For this country?

Even if agbero,kidnapping.UGM,bandit and BH were considered as employment route,we still would not make 30%.

How can 192m people be unemployed? How many people are in the labor force?

Atleast understand basic economics before commenting on issue, I can’t be replying to every of your dumb takes.

Segedinho:
Oga shaytun.

Does this means,the subsidy intervention for FX didn't work or they just Maradona us.

https://www.nairaland.com/7816134/naira-crumbles-920-fuel-marketers

Were you living in Mars when Jp Morgan open CBN yansh?

Shaytun:


Of course I believe it, why won’t I believe it?

The NBS has been saying it since last 2 years, in fact the UN and ILO have been advocating for the new methodology to be adopted by Nigeria.

I am not arguing the methodology.
I'm asking you.
What is your definition of employment and with whatever definition, do you believe we have over 190m people employed?

liveLongNprospa:


I am not arguing the methodology.
I'm asking you.
What is your definition of employment and with whatever definition, do you believe we have over 190m people employed?

190m people? From where?

Where are you getting these figures from?

BlueRayDick:


https://www.nairaland.com/7816165/chaos-confusion-mar-oshodi-isolo


This is certainly not the renewed hope they were promised .

Na make you dey see how those mothers were treated like poultry chickens.

Tomorrow they will come out on air to gladly announce how palliative went round every household.

Emaprince:
Na make you dey see how those mothers were treated like poultry chickens.

Tomorrow they will come out on air to gladly announce how palliative went round every household.

When next election cycle comes, those that survive will collect groupie ankara material and start singing abusive songs @ anybody contesting against "their party"....Rinse and repeat!

Shaytun:


How can 192m people be unemployed? How many people are in the labor force?

Atleast understand basic economics before commenting on issue, I can’t be replying to every of your dumb takes.

Reread this time slowly b4 showcasing your dumbness

If 4% of 200m wch is 8m is unemployed then d remaining 192m is deemed employed na..


Abi,you use head knack pillar by mistake?

Segedinho:

Wch force ro you think is greater than the presidency

Or too great never to be kept quiet by d number 1 man..

I would reasoned with you if you had said "compromise"...I wholeheartedly disagree with your choice of words.

The force of greed, nepostism and selfishness which the presidency most times benefit from.

Lemme take you back. I remember back then when Abacha was Head of State, there was rancour about bad petrol that was imported. The petrol smell so bad and it was horrible. Nigerians complained and Abacha had to intervene by asking whoever imported that petrol should be arrested. Investigations were bad and it was discovered the person who imported it was someone close to Abacha, that was how the case died a natural death.

So, what I'm saying is, people directly making this country difficult are people close to the government, and government taking actions against them might be a disaster for the government.

DeadPresidents:


Battle rap legends.

Some like the last guy Rex have had careers spanning more than 25 years.

A cypher is just an opportunity to display your ability to peers and the community

I love their rap because it's poetic reminding me of the Tupac era. I stopped listening to rap music after some years ago because my best rappers then all retired, died or became inactive (I may be wrong) coupled with Naija music dominating the airwaves. Guys like Coolio, Eminem and D12, DMX, JZ, NAS, 50cents, Dr Dre, Ice Cube etc.

I don't know modern rap artists any more. They don't inspire me. But I enjoyed that video and the last guy Rex, I don't know him but he was real dabomb.

raumdeuter:


You can create any scenario from your head and start asking

What happens if Tinubu actually sleeps with goats
What happens if Tinubu is a witch
What happens if Tinubu was just Ahmed Conde from Guinea
What happens if Tinubu is actually bisexual

So those who posted his graduating picture at CSU, who knew and worked with him at Exxon, who knew and worked with him at Senate, Abibatu Mogaji who never denied he was her son all his life are all insane and the twitter trolls are the right ones

...and the question was not answered.

I ask for your opinion and you give me moral instruction.

donjazzet:


@ the bolded last sentence, therein lies the crux and contradiction of the issue.
The christian God seems very different from the Hindu gods or the ifa gods or the Baha'i gods and so on.

Look at this picture below, you can see the other biggest religions in the world. With each of them having different moral codes, some of which are in direct confliction with each other.
Pork is prohibited in Islamic religion but accepted in Hinduism and Buddhism. Cattle beef is accepted in Islamic religion but strictly forbidden in Hinduism.

I just gave you an example of a ridiculous aspect of Hinduism one where their gods direct the widows of a deceased husband to also burn herself together with her husband's corpse. Where is the God there?

As a matter of fact, I think the idea of a "God" with a set of rules for humanity is what is directly responsible for the inhumane standard of morality prevalent in many societies.
I actually think "God" (the man-made theological invention as a means of rationalising the unknown) is responsible for humans being "bad".

Sorry but you didn't get my stand point

Let me make it easy, how do you as an atheist define 'good and bad'?

You will see that no matter what you say, you will not be different from people who believe in God.

True/False

Nigeria does not operate an hourly wage structure, why then are we basing our employment figures on what's being used by countries that operate an hourly wage structure?

Well people did predict there'd be lots of magomago with statistics in eBola's government to create an illusions of growth, guess that's what we're seeing.

Shaytun:


Were you living in Mars when Jp Morgan open CBN yansh?

Whose desk has the ultimate authority on CBN's.

Or are you among the musketeers that praises Buhari but criticised Emefiele

Spy360:

I love their rap because it's poetic reminding me of the Tupac era. I stopped listening to rap music after some years ago because my best rappers then all retired, died or became inactive (I may be wrong) coupled with Naija music dominating the airwaves. Guys like Coolio, Eminem and D12, DMX, JZ, NAS, 50cents, Dr Dre, Ice Cube etc.

I don't know modern rap artists any more. They don't inspire me. But I enjoyed that video and the last guy Rex, I don't know him but he was real dabomb.

Yeah, mainstream hip-hop quality regressed largely but that was expected as you can’t give what you don’t have. A lot of new rappers on the block have no education (either street-educated or from books) so they resort to mumbling and spitting mid bars.

Guys like Nas, Pac and Eminem spent a lot of time either observing the streets or reading/writing and upping their technical quality.

ShaqFu:
The force of greed, nepostism and selfishness which the presidency most times benefit from.

Lemme take you back. I remember back then when Abacha was Head of State, there was rancour about bad petrol that was imported. The petrol smell so bad and it was horrible. Nigerians complained and Abacha had to intervene by asking whoever imported that petrol should be arrested. Investigations were bad and it was discovered the person who imported it was someone close to Abacha, that was how the case died a natural death.

So, what I'm saying is, people directly making this country difficult are people close to the government, and government taking actions against them might be a disaster for the government.

on your example...who is responsible to clip the wing of the importer irrespective of brotherhood


So we shouldn't criticised or lay cursed on Tinubu if keeps eyes away from thesame corrupt practice

The greatest force is the FG,hence I faulted ur choice of word "force" instead of compromised FG..

Your example corroborated with my stance ..Abacha looked away not because of force but compromised

ShaqFu:
Yikes, Kholiwé is punkyveer/punkyV /brideofdracula wow. Didn't know. [/b]

I wonder why many south Africans who visit this site, disappear and say they will never return, only for them to reappear and prove they can't do without this site.

Might I add she's also very xenophobic, like very.

She has to be.

She ticks all the boxes.
Same nuisance level;
Same unhinged trolling style;
Same gaslighting style;
Goalpost-shifting;
Zulu, and;
I used certain keywords in my responses to her yesterday to provoke certain responses from her just to be double sure.

It's like déjà vu because what led to deactivating the first two accounts was her xenophobic spats involving you, Lezz and myself from years ago.

ShaqFu:
Yikes, Kholiwe is punkyveer/punkyV/brideofdracula wow. Didn't know.

I wonder why many south Africans who visit this site, disappear and say they will never return, only for them to reappear and prove they can't do without this site.

Might I add she's also very xenophobic, like very.

Eish keep my name out of your madness.

Segedinho:


Reread this time slowly b4 showcasing your dumbness

If 4% of 200m wch is 8m is unemployed then d remaining 192m is deemed employed na..


Abi,you use head knack pillar by mistake?

Lmao, I can’t imagine these are the kind of people I’m actually having an economic argument against.

Someone actually believes Nigeria has 200M Labour force😂😂😂.

Baba is equating the country population with Labour force.😂

Did you fail economics in secondary school?

You lack understanding of a particular subject matter, instead of keeping quiet and learning, you start grandstanding.

DissTroy:


She has to be.

She ticks all the boxes.
Same nuisance level;
Same unhinged trolling style;
Same gaslighting style;
Goalpost-shifting;
Zulu, and;
I used certain keywords in my responses to her yesterday to provoke certain responses from her just to be double sure.

It's like déjà vu because what led to deactivating the first two accounts was her xenophobic spats involving you, Lezz and myself from years ago.

You must really be insane to cook up this nonsense from that deranged brain of yours. Who is this domkop.

ShaqFu:
The force of greed, nepostism and selfishness which the presidency most times benefit from.

Lemme take you back. I remember back then when Abacha was Head of State, there was rancour about bad petrol that was imported. The petrol smell so bad and it was horrible. Nigerians complained and Abacha had to intervene by asking whoever imported that petrol should be arrested. Investigations were bad and it was discovered the person who imported it was someone close to Abacha, that was how the case died a natural death.

So, what I'm saying is, people directly making this country difficult are people close to the government, and government taking actions against them might be a disaster for the government.

In other words, the governments you are dieing to defend are extremely currupt yet you defend and fight anybody calling them out.

Without saying it, we already know that there is nothing the govermenet can do to the currupt officials since he is a walking corruption himself.

Theflint1:
Nigeria does not operate an hourly wage structure, why then are we basing our employment figures on what's being used by countries that operate an hourly wage structure?

Well people did predict there'd be lots of magomago with statistics in eBola's government to create an illusions of growth, guess that's what we're seeing.

These are the kind of fools you are guys are debating with here?

With all the free information that is available to this generation, we are still seeing this kind of foolish take.

I’m always amazed at people that post absolutely ridiculous take with Confidence. It boggles my mind how you can be so stupid with confidence.

Shaytun:


Lmao, I can’t imagine these are the kind of people I’m actually having an economic argument against.

Someone actually believes Nigeria has 200M Labour force😂😂😂.

Baba is equating the country population with Labour force.😂

Did you fail economics in secondary school?

You lack understanding of a particular subject matter, instead of keeping quiet and learning, you start grandstanding.

Good good.
Thanks for pointing it out.
Lets assume we have a population of 60-70m people who are employable, are you saying inside that number we have only 4% that is unemployed?

Nairametrics
Home Markets Currencies
JP Morgan estimates Nigeria’s net external reserve to be around $3.7 billion
CBN to JP Morgan: Your $3.7 billion estimate of Nigeria’s FX reserve is misleading
Nathanael DisubyNathanael Disu 20 hours ago Reading Time: 2 mins read

The Central Bank of Nigeria (CBN) has criticized JP Morgan’s recent estimate of Nigeria’s foreign exchange reserves, calling it a misrepresentation.

Hassan Mahmud, Director of the Monetary Policy Department at CBN while speaking with Nancy Umeh on AIT’s Moneyline business show.

He said fluctuations, liabilities, and encumbrances to the reserves were only natural and normal.

CBN’s Perspective on the Figures
Mahmud noted that the CBN did not panic over JP Morgan’s numbers, indicating that the central bank had its Befin-house assessment of the situation. He said:

“We also read the JP Morgan numbers in-house and we didn’t panic over that. That’s not the first time we see people, institutions reeling out numbers; they must have their intentions to do that, whether to rouse market sentiments or to mislead the public.”
“But the central bank has tried as much as possible to be transparent. What I will say about those numbers is that it is just funny in the sense that number one, reserves like any account balance, is a flow; there are changes that go within it at any particular time.
“Two, even if you have outstanding liabilities, you don’t mark the outstanding liabilities to market on a day and say this is your net balance.”
Liabilities and Balance Clarification
Mahmud also highlighted the concept of outstanding liabilities and their impact on the reported net balance.
He argued that reducing the balance to account for the liability would not accurately reflect the individual’s current financial standing, as it ignores the future inflows that can cover the liability.
“I can have $20 million in my account and I am owing someone maybe $13 million that is supposed to be paid in 2027; you can’t come in 2023 and say if I remove that $13 million, your money is $7 million or you are having $7 million.
“Now, I am not having $7 million, I am having $20 million. ore I took a facility of $13 million, I know I will get $17 million in the next three years so I can pay you back.
“But for you to come and tell me that no, your balance is $7 million and you can’t pay back in three years; it’s just putting it out of context.
“I don’t know how they did their calculations, and I don’t have any information about that, but we also saw those numbers that came out.” https://nairametrics.com/2023/08/24/cbn-slams-jp-morgan-says-its-estimate-of-nigerias-fx-reserve-is-misleading/

Shaytun:


How exactly do you think most countries measure their unemployment rate?

The USA uses the same survey just like Nigeria and other countries, only differences is they measure 60,000 households and Nigeria measure 32,000 households.

The only thing Nigeria did was adopt international ILO standard in measuring unemployment rate, just as other countries are doing. So I don’t exactly know what this your postulation is about.

Let me explain my point to you since you don't get where I'm coming from.

UK uses two methods, unemployment claims and survey

US uses survey with unemployment claims as barometer

If a survey extrapolates a number that contradicts unemployment claims, it will be adjusted. The surveyors already have a limiting factor/frame of reference in unemployment claims. So survey cannot tell you there are only 1 million unemployed if 20 million are claiming benefits. The survey result will be revisited and adjusted if there is a schism between both metrics that doesn't make sense.

What mechanism does Naija have for that? Naija mechanism is simply to call Tunde and Mariachi and ask them if they work at least one hour per week for money.

Secondly, there is little to no informal economy in these countries. In the USA, people in the unemployed number who work few hours per week is a fraction of a percentage. You pick up the phone in Nigeria and call Amaka who sometimes makes chinchin or cake on request and ask her if she works one hour per week, she will say yes, but a material percentage of the "employed figure" in Nigeria falls under this category.

Spy360:

I love their rap because it's poetic reminding me of the Tupac era. I stopped listening to rap music after some years ago because my best rappers then all retired, died or became inactive (I may be wrong) coupled with Naija music dominating the airwaves. Guys like Coolio, Eminem and D12, DMX, JZ, NAS, 50cents, Dr Dre, Ice Cube etc.

I don't know modern rap artists any more. They don't inspire me. But I enjoyed that video and the last guy Rex, I don't know him but he was real dabomb.

Drill rap have taken over rap industry. Drill rap is murder music.

The new cats now are not so lyrically up there. They just rhyme monosyllables and talk about dead opps. Bitches and drugs.

Though there is still jcole, Kendrick Lamar, drake. Griselda etc...But the cats making the most waves now are the likes of NBA youngboy and Lil durk etc.

Shaytun:


Lmao, I can’t imagine these are the kind of people I’m actually having an economic argument against.

Someone actually believes Nigeria has 200M Labour force😂😂😂.

Baba is equating the country population with Labour force.😂

Did you fail economics in secondary school?

You lack understanding of a particular subject matter, instead of keeping quiet and learning, you start grandstanding.

This is the reason why your brain needs to be checked...what is the statistics to proove Nigeria is 200m on d dot....

Nigeria is rumored to be over 200m in population and yes accepted due to no verifiable or working database to prove otherwise.......

Even a 5yr old knows that a population consists of both children and old parents who ain't involved in employment saga....


I chose 200m as against any numbers for easier understanding but your all knowing brain seems shut out of reality or simple comprehensive analogy.


Estimate d workforce or average the numbers that will fit in the working categories,let's do the calculation so you could understand how dumb ur take is...

ShaqFu:
The force of greed, nepostism and selfishness which the presidency most times benefit from.

Lemme take you back. I remember back then when Abacha was Head of State, there was rancour about bad petrol that was imported. The petrol smell so bad and it was horrible. Nigerians complained and Abacha had to intervene by asking whoever imported that petrol should be arrested. Investigations were bad and it was discovered the person who imported it was someone close to Abacha, that was how the case died a natural death.

So, what I'm saying is, people directly making this country difficult are people close to the government, and government taking actions against them might be a disaster for the government .

This is very funny to read, coming from you because you are one of those who mocked the efforts of your fellow Nigerians who aimed to carry out a political revolution in this country last election.

We consistently blurted out how voting labor across board will definitely flush out the cabal that has held this country in bondage seeing as the new government will know that it rode on the back of the populace to win and not because of any "powers behind the scene".

For example look at the elected labor party members today, more than 60% of those elected are first timers on politics, ordinary Nigerians who rode on the popularity of Obi and the masses to win their seats. No godfather sponsoring them, you think that if they had a significant majority, there wouldn't be something different from what we see now? They wouldn't be more incentives to kick against the forces that have held this country down? There wouldn't have been incentives to deliver results knowing exactly who put them there and gave them that power?

Please your hypocrisy stinks. You can't complain about "Cabala behind the scene" while you yourself campaigned and voted for that status quo to remain despite being warned.

Ibime:


Let me explain my point to you since you don't get where I'm coming from.

UK uses two methods, unemployment claims and survey

US uses survey with unemployment claims as barometer

If a survey extrapolates a number that contradicts unemployment claims, it will be adjusted. The surveyors already have a limiting factor/frame of reference in unemployment claims. So survey cannot tell you there are only 1 million unemployed if 20 million are claiming benefits. The survey result will be revisited and adjusted if there is a schism between both metrics that doesn't make sense.

What mechanism does Naija have for that? Naija mechanism is simply to call Tunde and Mariachi and ask them if they work at least one hour per week for money.

Secondly, there is little to no informal economy in these countries. In the USA, people in the unemployed number who work few hours per week is a fraction of a percentage. You pick up the phone in Nigeria and call Amaka who sometimes makes chinchin or cake on request and ask her if she works one hour per week, she will say yes, but a material percentage of the "employed figure" in Nigeria falls under this category.

1. I understand your perspective, and your points are certainly valid. In Nigeria, the approach differs from simply making calls to individuals like Tunde or Lawal though. The process involves conducting face-to-face interviews using a questionnaire that adheres to the International Labour Organization (ILO) guidelines. Therefore, I suggest taking a look at the report first to gain a better understanding.

And certainly Nigeria does not have a mechanism to fine-tune the generated data with, I think we can always expect NBS data not to be 100% accurate due to various limiting factors.

2. Exactly!!! Your second point is what we should be debating on, and I echoed that yesterday when the report came out.

It stated that clearly in the report “ The rate of informal employment among the employed Nigerians was 93.5% in Q4 2022 and 92.6% in Q1 2023.

Below is a link to the report you can check it out

https://nigerianstat.gov.ng/download/1241365

Damn Bray wyatt is gone. This guy had the 2nd most chilling WWE entrance after the Undertaker.

Melvyn11:
Damn Bray wyatt is gone. This guy had the 2nd most chilling WWE entrance after the Undertaker.

This life is too short. The fiend is gone. 😭

Emaprince:
Drill rap have taken over rap industry. Drill rap is murder music.

The new cats now are not so lyrically up there. They just rhyme monosyllables and talk about dead opps. Bitches and drugs.

Though there is still jcole, Kendrick Lamar, drake. Griselda etc...But the cats making the most waves now are the likes of NBA youngboy and Lil durk etc.

I thought we have all agreed here drake is not a rapper ?

You forgot my guy kiss of death