close
Tuesday, March 16, 2021

Nigeria’s unemployment rate rises to record 33.3 percent

The statistics office also said the number of underemployed Nigerians worsened in the same period to 22.8 percent.

• March 15, 2021
Lagos Yellow Buses

Nigeria’s unemployment rate continued its rise in the last quarter of 2020, the National Bureau of Statistics said in a statement on Monday, jumping to a record 33.3 percent.

The statistics office also said the number of underemployed Nigerians worsened in the same period to 22.8 percent.

Another troubling part of the report was that the number of Nigerians not gainfully employed also jumped to 40 percent, indicating that the country has yet to recover from the coronavirus disruptions that characterised economic activities for 2020.

The estimated number of persons within the working-age population, that is between 15 and 64 years during the period, was 122,049,400 Nigerians.

This represents 4.3 percent higher than figures previously recorded in Q2, 2020, at 116,871,186. 

Following the breakdown per state, Imo State reported the highest rate of unemployment with 56.6 percent. Adamawa and Cross River followed closely with 54.9 percent and 53.7 percent, respectively. 

For underemployment, Benue recorded the highest rate at 43.5 percent; while Lagos State recorded the lowest underemployment rate, with 4.5 percent in Q4, 2020.

More from Peoples Gazette

Economy

FG fines Electronic Settlement N5 million for data breach

“We have established that there was a data breach involving the company.”

Economy

Nigeria’s headline inflation continues to rise

Urban inflation rates climbed by 17.92 percent in February 2021 from 17.03 percent recorded in January 2021.

Economy

Flutterwave announces partnership with PayPal

“We are excited to bring PayPal’s fully integrated services to businesses across Africa.”

Health

FG insists AstraZeneca vaccine safe for Nigerians amid Europe suspension

“The arrival of the vaccines is something that is very good and exciting.”

Showbiz

Emanuella wins Nickelodeon’s ‘Favorite African Social Media Star’

Emanuella was first nominated for the Kids Choice Awards in 2018 alongside Afrobeat star Davido.

Politics

Lagos lawmakers, council chairmen disagree over funds

“There are enough funds coming from the federal, as well as the state, into the local government administrations.”