NBS report says 7.5m Nigerians jobless since 2016

FG's VAT on import drops N3.58bn in Q1 2018

A National Bureau of Statistics (NBS) report has revealed that about 7.5 million Nigerians have been unemployed between January 2016 and December 30, 2017.

NBS stated this in its “Labour Force Statistics Vol. 2: Employment by Sector Report,” which it released on Sunday in Abuja.

According to the report 77.55 million of country’s labour population of 85.1 million were engaged in some sort of economic activity for at least an hour a week; (8.46 million-1-19 hours; 18.02 million-20-39 hours; 51.06million-above 40 hours), as reflected in the third quarter of 2017 (Q3), while 7.53 million totally doing nothing.

The report further disclosed that of the 77.55 million labor population who were engaged in some extent of economic activity, that 38.24 per cent of them or 29.66 million were self-employed engaged in farming/agriculture, and that 27,93 per cent or 21.66 million were self-employed in non- farming/agriculture sectors.

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“A total of 19.72 million were working for pay or wage, which was equivalent to 25.42 per cent of the total workers in 2017 Q3. Paid apprentices and unpaid house workers constituted 7.30 per cent and 1.11 per cent of the total working force engaged for at last one hour a week,” the report stated.


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