A Third of Nigerians Are Unemployed - Here's Why
In 2020, in the wake of the Covid-19 pandemic, the country plunged into another recession - its worst in four decades. Measures like lockdowns, social distancing, working from home, and travel restriction's significantly affected the economy. The aviation sector and related services were one of the worst-hit. The entertainment sector - movies, sports, shows - was caught in the stay-home mandate. Small and medium scale industries were also badly hit, particularly micro-businesses - those who earn on a day-to-day basis. Even before the pandemic, the Nigerian environment, afflicted with insecurity, high cost of doing business, multiple taxations, and epileptic power supply, has been largely unattractive to investment, according to Ndubisi Nwokoma, a Professor of Economics at the University of Lagos.
The National Bureau of Statistics has recently reported that the number of unemployed people has increased to the highest in at least 13 years and is the second-highest rate in the world.
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Nigeria:
A Third of Nigerians Are Unemployed - Here's Why
The Conversation Africa, 28 April 2021
The Nigerian Bureau of Statistics recently published the country's unemployment rate for the fourth quarter of 2020, reflecting a continued deterioration during the COVID-19 year.… Read more »
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Nigeria:
Govt, World Bank Meet Over NBS Employment Statistics
Vanguard, 28 April 2021
THE Federal Government and the World Bank will hold a virtual meeting Thursday to discuss the modalities used by the National Bureau of Statistics (NBS) in gathering data for… Read more »
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Nigeria:
How Inflation, Unemployment, Insecurity Worsen Nigeria's Out-of-School Children Woes
Vanguard, 22 April 2021
Nigeria has the unenviable record of having the highest number of out-of-school children, OSC, in the world, it is currently put at over 15 million. Read more »
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Nigeria:
How Job Opportunities Can Solve Niger Delta Unrest - Group
Premium Times, 18 April 2021
An official says the programme was designed to address unemployment in a very practical way Read more »
InFocus
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After several delays, the government has finally kicked off the controversial Special Public Works Programme designed to engage 774,000 unemployed Nigerians, nationwide. The ... Read more »
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The government has warned that the country will soon be grappling with a third wave of the coronavirus due to the attitudes of many Nigerians who are now acting as if the ... Read more »
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