The Nigerian Bureau
of Statistics (NBS) says the total number of Nigerians who became unemployed
within the first and second quarter of 2016 now stands at 2.6 million.
According to the bureau,
about 1.46 million Nigerians became unemployed in the third quarter of 2015, while another 518,102
became unemployed in the fourth quarter of 2015.
This brings the total freshly unemployed persons
in the economy to a record high of 4,580,602, since President Muhammadu Buhari
took office in May 2015.
In its second quarter unemployment and
underemployment report released on Wednesday, NBS said the country’s
unemployment rate grew from 12.1 percent in the first quarter of 2016 to a
record high of 13.3 percent in the second.
“During the reference period, the number of
unemployed in the labour force increased by 1,158,700 persons, resulting in an
increase in the national unemployment rate to 13.3% in Q2 2016 from 12.1
in Q1 2016, 10.4% in Q4 2015 from 9.9% in Q3 2015 and from 8.2% in Q2
2015,” NBS said.
“In view of this, there were a total of 26.06
million persons in the Nigerian labour force in Q2 2016, that were either
unemployed or underemployed compared to compared to 24.5 million in Q1
2016 and 22.6 million in Q4 2015.”
The economically active population or working age
population (persons within ages 15- 64) increased from 106million in Q1 2016 to
106.69 million in Q2 2016, the report added.
Underemployment in the economy was also on the
rise, with 15.4 million Nigerians said to be underemployed.
“The number of underemployed in the labour force
(those working but doing menial jobs not commensurate with their
qualifications or those not engaged in full-time work and merely working
for few hours) increased by 392,390 or 2.61%, resulting in an increase in
the underemployment rate to 19.3 % (15.4million persons) in Q2 2016
from 19.1% (15,02 million persons) in Q1 2016, 18.7% (14.42 million
persons) in Q4 2015, from 17.4% (13.2 million persons) in Q3 2015 and
18.3% (13.5 million persons) in Q2 2015.”
There were a total of 26.06 million persons in
the Nigerian labour force in Q2 2016, that were either unemployed or
underemployed compared to compared to 24.5 million in Q1 2016 and 22.6 million
in Q4 2015.
-TheCable
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