Four million Nigerians have lost their jobs this year –NBS

Between January and September this year, 4.07 million Nigerians became unemployed, an analysis of the unemployment report for the third quarter released by the National Bureau of Statistics has revealed.

The bureau, in the report made available on Friday, stated that the number of Nigerians that became unemployed rose from 11.92 million in the first quarter of this year to 13.58 million and 15.99 million in the second and third quarters respectively.

It said between the second quarter and third quarter, the number of economically active or working age population (15 – 64 years of age) increased from 110.3 million to 111.1 million.

The NBS report said the increasing unemployment and underemployment rates implied that although Nigeria’s economy was officially out of recession, domestic labour market was still fragile and economic growths in the past two quarters in 2017 had not been strong enough to provide employment in Nigeria’s domestic labour market.

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