Nigeria’s unemployment rate rises to record 33.3 percent
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.
The estimated number of persons within the working-age population, that is between 15 and 64 years during the period, was 122,049,400 Nigerians.
This represents 4.3 percent higher than figures previously recorded in Q2, 2020, at 116,871,186.
Following the breakdown per state, Imo State reported the highest rate of unemployment with 56.6 percent. Adamawa and Cross River followed closely with 54.9 percent and 53.7 percent, respectively.
For underemployment, Benue recorded the highest rate at 43.5 percent; while Lagos State recorded the lowest underemployment rate, with 4.5 percent in Q4, 2020.
More from Peoples Gazette
“You know how much could have been saved if the subsidy was removed and how it could have been diverted to other areas and spheres of national life.
The registration is for pupils who would not be less than 10 years of age by September 2022.
Long queues of vehicles at filling stations have been reported in some areas in Abuja.
The coup plotters said various sections of Burkina Faso’s society would be convened to agree on a roadmap to plan and carry out needed reforms.
Custody of the only child was given to the trader and the husband asked to pay N10,000 monthly for her feeding.
One year after, Buhari regime continues illegal restriction of Peoples Gazette’s website from Nigerians
The restriction followed an exclusive story that cast a spotlight on Bolaji Gambari as the new head of a cabal in the regime.