Nigeria’s unemployment rate continued its rise in the last quarter of 2020, the National Bureau of Statistics said in a statement on Monday, jumping to a record 33.3 percent.

The statistics office also said the number of underemployed Nigerians worsened in the same period to 22.8 percent.

Another troubling part of the report was that the number of Nigerians not gainfully employed also jumped to 40 percent, indicating that the country has yet to recover from the coronavirus disruptions that characterised economic activities for 2020.

Details shortly…

Nigeria’s unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in the fourth quarter of 2020, the latest figures from the National Bureau of Statistics revealed on Monday.

The NBS stated in its report on ‘Labour force Statistics: Unemployment and underemployment report- Abridged labour force survey under COVID-19 (Q4, 2020) that this translates to 23.19 million unemployed people.




Part of the report read, “During the reference period, the computed national unemployment rate rose from 27.1 per cent in Q2, 2020 to 33.3 per cent in Q4, 2020, while the underemployment rate decreased from 28.6 per cent to 22.8 per cent.

“A combination of both the unemployment and underemployment rate for the reference period gave a figure of 56.1 per cent.




“This means that 33.3 per cent of the labour force in Nigeria or 23,187,389 persons either did nothing or worked for less than 20 hours a week, making them unemployed by our definition in Nigeria.

“This is an additional 1,422,772 persons from the number in that category in Q2, 2020.




“Using the international definition of unemployment, the rate was computed to be 17.5 per cent.”

https://www.gazettengr.com/just-in-nigerias-unemployment-rate-rises-to-record-33-3-percent/

Lol... Dats d official figure na abi.. We know the unofficial figure is now over 50% and yet the useless govt dat can't create anything is only interested in banning and destroying everything

Which kin country be this sef

You will hardly hear of any good news.

I think is now getting to a time we Nigerians should rise up, and if northerners are still comfortable with this Government led by the vegetable in Aso rock

Let the south rise against the FG.

Na wa....

Even people wey get work sef dey technically unemployed...

Wait for FG to blame Covid for this

The statistics office also said the number of underemployed Nigerians worsened in the same period to 22.8 percent.

Another troubling part of the report was that the number of Nigerians not gainfully employed also jumped to 40 percent,

Compare and contrast the above statistics with what Buhari promised the country prior to 2015 election.

Craze Man

Maxymilliano:


Compare and contrast the above statistics with what Buhari promised the country prior to 2015 election.

Craze Man

Everything happening now are in contrast to all their promises.

lalasticlala

This is one of the great achievement for our darling daddy

it's actually 82%

4four:
This is one of the great achievement for our darling daddy

Your daddy indeed or BBQ?