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Nigeria’s unemployment rate hits 0.8% in 2023 — NBS report

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National Bureau of Statistics, NBS has said unemployment rate in Nigeria rose by 0.8% in the third quarter of 2023.
The NBS, disclosed this in a report it published on Monday titled ‘Nigeria Labour Force Survey Q3 2023’
According to NBS, this was a significant rise, adding that the unemployment rate rose from the 4.2% recorded in Q2 2023 to 5.0% in Q3 2023.
Adding that the unemployment rate for youth between the ages of 15 and 24 years was recorded at 8.6 per cent in Q3 2023 while the informal employment rate in Q3 2023 was 92.3 per cent.

Written by: bossgmsi

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The eldest son of President Bola Tinubu, Seyi Tinubu, on Monday, pleaded with Nigerians to exercise patience with his father’s administration as they weather the challenging economic times. This followed protests in Ibadan, the Oyo state capital, where angry youths took to the streets to decry the rising cost of living. More so, a 41-year-old man identified as David Ubaha also staged a lone protest in Uyo, the Akwa Ibom […]

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