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UNEMPLOYMENT RATE
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.
For the third quarter of 2023, the unemployment rate surged to 5.0%, marking a notable increase from the 4.2% recorded in Q2 2023. Among men, the unemployment rate stood at 4.0%, while among women, it was 6.0%.
Based on data from the National Bureau of Statistics (NBS), the unemployment rate was 5.3% in Q4 2022 and 4.1% in Q1 2023.
Nigeria's tepid economic growth and high inflation poses great consequences
Peter Obi has urged the Federal Government to aggressively support micro, small and medium enterprises, which are the engine of job creation.
The IMF has stated that reported unemployment rates in Nigeria as at the end of 2020 are yet to come down.
Cryptos, when fully adopted, will have a considerable impact on Nigeria, by increasing the financial inclusion of individuals and companies.
South Africa's unemployment rate reached a 17-year high, as it recently rose from 23.3% to 30.8%.
Nigerians have expressed their belief that they expect inflation and unemployment rates to rise in the next 12 months.
President Muhammadu Buhari achieved victory at the polls on the back of his "change" campaign. Three years on...