• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

CSJ: New unemployment report is “simply to satisfy a fad”, alleges flawed methodology

Aghogho Udi by Aghogho Udi
August 24, 2023
in Business News, Politics
CSJ: New unemployment report is “simply to satisfy a fad”, alleges flawed methodology
Share on FacebookShare on TwitterShare on Linkedin

The Centre for Social Justice (CSJ) has expressed strong reservations about the National Bureau of Statistics (NBS) methodology used to gauge unemployment levels in Nigeria.

In response to the recent release of the Nigeria Labour Force Statistics (NLFS) Report, CSJ criticized the NBS’s figures, deeming them inconsistent with the real economic situation.

CSJ contested the NBS’s assertion that unemployment had dropped from 5.3% in Q4 2022 to 4.1% in Q1 2023.

RelatedStories

Indonesia eases visa rules, extends stay period for multiple-entry visa holders to 6 months

Indonesia eases visa rules, extends stay period for multiple-entry visa holders to 6 months

May 15, 2025
Lagos plans N500 entertainment tax, eyes N20 billion annual revenue 

Lagos State Government restricts night construction, sets 6pm closing time

May 15, 2025

Contrary to the findings, CSJ highlighted the mounting unemployment in Nigeria since the previous 2020 report, which indicated a 33.3% unemployment rate. Economic challenges, including inflation, factory closures, and insecurity, have contributed to this rise in joblessness.

Eze Onyekpere, Lead Director of CSJ, criticized the NBS’s definition of “employed,” which includes individuals working just one hour weekly or engaged in low-productivity self-employment.

  • “The whole basis of a job report is to help the government to determine whether its plans, policies and laws geared at reducing unemployment are achieving the desired milestones”
  • “What is the point of a job report that tells the government that more Nigerians are employed when it is a clear and notorious fact that unemployment is increasing?”
  • “The NBS is counting people who are working for at least one hour in a week or who are self-employed in low-productivity activities as ‘employed,’”
  • “This is not an accurate reflection of the reality of the Nigerian labor market.”
  • “Simply to satisfy a fad, it is a waste of tax payers money to produce a report that adds no value to the Nigerian people and their economy”.

He labeled this classification inaccurate and urged the NBS to reassess its methodology to better represent the employment challenges faced by Nigerians.

  • “This reported rate is incongruent with the economic challenges faced by a significant percentage of the population. “We call on the NBS to reconsider its methodology and ensure that it accurately captures the full spectrum of employment challenges faced by Nigerians.
  • It is essential that job reports reflect the realities and provide an honest assessment of the economic landscape. Only through accurate data can the government develop effective strategies that deliver on its promises and address the pressing issues facing our nation,” Onyekpere said.

CSJ underscored the importance of accurate employment data for effective government planning and policy evaluation.

The reported 4.1% unemployment rate was deemed incongruent with the widespread economic challenges. CSJ called on the NBS to refine its approach, ensuring a more comprehensive understanding of employment issues.

It further urged the government to focus on generating quality employment opportunities and enhancing citizens’ livelihoods.


Follow us for Breaking News and Market Intelligence.
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

Related Posts

Indonesia eases visa rules, extends stay period for multiple-entry visa holders to 6 months
"Japa"

Indonesia eases visa rules, extends stay period for multiple-entry visa holders to 6 months

May 15, 2025
Lagos plans N500 entertainment tax, eyes N20 billion annual revenue 
Real Estate and Construction

Lagos State Government restricts night construction, sets 6pm closing time

May 15, 2025
Nigeria attracts $8 billion investment in deepwater, gas projects in a year – Olu Verheijen 
Energy

Verheijen urges Africa to offer competitive returns for capital

May 15, 2025
solar plants
Companies

IFC, Canada invest $5 million in Husk Nigeria to boost access to clean energy in underserved communities 

May 15, 2025
Johnvents Group makes strategic entry into rice market, targets Senegal and The Gambia
Companies

Johnvents Group makes strategic entry into rice market, targets Senegal and The Gambia

May 15, 2025
Seplat Energy PLC 12th Annual General Meeting
Companies

Seplat Energy PLC 12th Annual General Meeting

May 15, 2025
Next Post
Nigerian equities

Bearish mood sets in as stocks suffer N50 billion loss in equities value        

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Indonesia eases visa rules, extends stay period for multiple-entry visa holders to 6 months
  • Lagos State Government restricts night construction, sets 6pm closing time
  • Verheijen urges Africa to offer competitive returns for capital

Follow us on social media:

Recent News

Indonesia eases visa rules, extends stay period for multiple-entry visa holders to 6 months

Indonesia eases visa rules, extends stay period for multiple-entry visa holders to 6 months

May 15, 2025
Lagos plans N500 entertainment tax, eyes N20 billion annual revenue 

Lagos State Government restricts night construction, sets 6pm closing time

May 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics