Page 14 - நைஜீரியா திரவமாக்கப்பட்டது இயற்கை வாயு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Punch Newspapers Sections Published 12:20 am WITH one out of every three persons of working age unemployed, Nigeria is on the verge of a major social crisis. Already notoriously dubbed the world poverty capital, the self-styled ‘Giant of Africa’ is on its way to becoming the ‘world unemployment capital’ going by the latest report by the National Bureau of Statistics. In its report, ‘Labour Force Statistics: Unemployment and Underemployment,’ the NBS said Nigeria’s unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in Q4 2020. This means that within three to six months, over 1.4 million more people became unemployed. In real terms, 23.2 million people out of the 69.7 million people that make up the labour force are unemployed. With the jobless rate now at 33.3 per cent, Nigeria may be on its way to displacing Namibia, which currently has the highest unemployment rate in the world at 33.4 per cent, according to

Nigeria generalNiger deltaYemi osinbajoMuhammadu buhariOlusegun obasanjoEconomic sustainability committeeMinistry of minesNational bureau of statisticsSteel developmentLabour force statisticsNigeria extractive industries transparency initiativeNigerian telecommunicationsNigerian communications commissionNational bureauFederal governmentMajor general muhammadu buhari