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Nairametrics
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
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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.

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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.


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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.

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