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    Nigeria’s unemployment rate drops to 4.1%

    MayorBy MayorAugust 24, 2023No Comments1 Min Read
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    Nigeria's capital importation jumps by 210% in Q1 2024
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    Nigeria’s unemployment rate has decreased dramatically, from 33.3% in 2020 to 4.1% in the first quarter of 2023 and 5.3% in the last quarter of 2022.

    The 2020 statistics and the ones that were computed before a two-year break were done so using different procedures, according to the National Bureau of Statistics (NBS).

    The unemployment rate for the nation, which is a result of the labour force survey (LFS) carried out in Nigeria, was last officially reported in March 2021, two years earlier, at 33.3% for the fourth quarter of 2020.

    The National Bureau of Statistics (NBS) stated on its website that it had improved its approach for gathering labour market statistics through the Nigeria Labour Force Survey (NLFS) in accordance with ILO norms.

    The study states, “The results presented in this report are for the reference periods of Q4 2022 and Q1 2023.”

    • 12kg cooking gas price drop in May, N9,000- NBS

    In order to produce official national statistics on the labour force, employment, and unemployment for monitoring and planning reasons, the LFS is a quarterly survey.

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    Troops nab 25 suspected bandits, kidnappers along Benue highway 

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    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

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    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    July 2, 2025
    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    July 2, 2025
    Staff members of the Federal Capital Territory Administration, FCTA, under the Joint Union Action Committee, JUAC, ended their three-day protest on Wednesday.

    FCTA workers end protest, issue 21-day ultimatum

    July 2, 2025
    Mexico uncovers over 400 corpses in 'house of error'

    Mexico uncovers over 400 corpses in ‘house of horror’

    July 2, 2025
    Minister for Justice and Attorney-General Abubakar Malami EFCC assets

    Ex-AGF Malami dumps APC, joins ADC, cites national decline

    July 2, 2025
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