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NBS: Nigeria’s unemployment rate rises to 23.1 percent

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NBS: Nigeria's unemployment rate rises to 23.1 percent

The National Bureau of Statistics, NBS, has said that Nigeria’s unemployment rate increased to 23.1 in the third quarter of 2018 as against the 18.8 percent recorded in Q3 2017, according to the National Bureau of Statistics (NBS).

The NBS, in the Labour Force Statistics – Volume I released on Wednesday, the number of unemployed Nigerians increased from 17.6 million in Q4 2017 to 20.9 million in Q3 2018.

Read also: Nigeria’s foreign reserves rise by $1.51bn

The report further states that the economically active or working age population also increased from 111.1 million in Q3, 2017 to 115.5million in Q3, 2018, while the labour force rose to 90.5million in Q3, 2018 from 75.94 million in Q3 2015, 80.66 million in Q3 2016 and 85.1 million in Q3,2017.

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