Featured

Nigeria’s unemployment crisis worsens-NBS

135

The Fedral government is struggling to deal with a worsening unemployment crisis as companies collapse or are forced to make redundancies.

The National Bureau of Statistics, NBS, on Friday said that four out of every ten people in the country’s workforce were unemployed or underemployed by the end of September.

“A return to economic growth provides an impetus to employment,” Nigeria’s National Bureau of Statistics (NBS) said in a report released on Friday.

“However, employment growth may lag, and unemployment rates worsen especially at the end of a recession and for many months after,” the stats office said, adding that it expects unemployment to peak in the fourth quarter of 2017.

By the end of September, Nigeria’s economically active or working population was 111.1 million people, said the NBS.

Unemployment has increased to 18.8 percent of that population from 16.2 percent at the end of June, it said.

Leave a comment

Related Articles

Nigeria-British Chamber of Commerce inagurates Atelly as 18th President, unveils programmes

Ray Atelly has been sworn in as the 18th President of the...

Kano guber poll ‘clerical error’: An Appeal Court judgment in a mire of controversy

The past few months have been characterized with legal tussles over the...

Why I did not walk out of Super Falcons before FIFA female World Cup – Waldrum

In a recent podcast interview with ‘On The Whistle’ podcast. Randy Waldrum,...

Niger’s ousted president is being denied food and electricity, says European Union

The European Union Friday said it had “deep concern” about the treatment...

Breaking: Ex-Kaduna Gov. El rufai might reject ministerial appointment 

The immediate past Governor of Kaduna State, Malam Nasir El rufai is...

President Tinubu appoints Ajuri Ngelale as special adviser media & publicity

President Bola Ahmed Tinubu, GCFR, has approved the appointment of Chief Ajuri...

Are ‘balloons’ the new drug epidemic in Nigeria?

They may look like the normal balloons you see at children’s birthday...

From Fame to Penury: The Despicable Tales of Nigerian Veteran Thespians

The entertainment industry, particularly the movie circle, has been in the eye...

Content creation is the new oil, says Broda Shaggi in an exclusive interview with PSN

There are not many in the class of Samuel Animashaun Perry otherwise...

Hubby’s watery sperm, erectile dysfunction crash two-month-old marriage

A husband’s watery sperm has forced his wife to urge the court...

Max Air Acquires 16 Year Old Boeing 777-200

Kano based Max Air Limited has taken delivery of its first Boeing...

From waste collection to classroom: Story of Adamu’s pursuit of education

Coming from the background of a family of seven children and parents...

Fuel Subsidy: Need for Labour to tread softly, Softly 

The Labour Movement in Nigeria is up in arms against the Federal...

Between the dialectics and the benefits of petroleum subsidy removal

By Paul Njowusi For many years, successive administrations in Nigeria had embraced...

Kudos, knocks for courts’ ruling clearing the coast for Tinubu’s May 29 inauguration – PSN exclusive

By Ajuma Edwina Ameh and Samuel Akpan …the body language of the...

Buhari inaugurates N19.6bn Customs corporate hqts in Abuja, says new Customs Act will drive efficiency

With the newly signed Customs Act and a befitting corporate headquarters for...

Africa’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, Lekki-Lagos inaugurated

Africa’s largest refinery, Dangote Petroleum Refinery and Petrochemicals planted in Ibeju-Lekki area...