The National Bureau of Statistics (NBS) has disclosed that 84% of Nigeria’s working-class population is self-employed in the first quarter of 2024, reflecting a decrease from the 87.3% recorded in Q3 2023.
In the first quarter of 2024, 14.4% of Nigerian youths aged 15 to 24 were identified as neither attending school, employed, nor participating in any form of training.
With the increment in unemployment rate in Nigeria, this article features top 10 states plagued by unemployment.
Nigeria’s unemployment rate in the first quarter of 2024 rose to 5.3%- a 0.3%-points increase from 5.0% in the third quarter of 2023.
In the latest Nigeria Labour Force Survey (NLFS) report by the National Bureau of Statistics (NBS), the third quarter of 2023 saw the rural unemployment rate climb to 4.0%, a substantial rise from the 2.5% recorded in the previous quarter.
