Nigeria’s unemployment rate rose to 33.3% from 27.1%, at the end of 2020, from its figure recorded as of Q2 2020, indicating that around 23.2 million Nigerians remain unemployed.
This was recently disclosed in the labour force report published by the National Bureau of Statistics (NBS).
Under-employment rate in the reference period, however, dropped from 28.6% recorded as at the second quarter 2020 to 22.8% in Q4 2020.
The report shows that the estimated number of persons in the economically active or working-age population (15 – 64 years of age) during the reference period of the survey, Q4, 2020 was 122,049,400.
