General
NBS Puts Nigeria’s Unemployment Rate at 4.1% in Q1 2023
By Adedapo Adesanya
Nigeria’s unemployment rate stood at 4.1 per cent in the first quarter of 2023, in contrast to 5.3 per cent in the fourth quarter of 2022, the National Bureau of Statistics (NBS) said on Thursday, following a revision of how the numbers are now calculated.
The statistics office said this in its Nigeria Labour Force Survey (NLFS) report for Q4 2022 and Q1 2023, launched on Thursday, the first of its kind in over two years.
Business Post had in March 2021 reported that Nigeria’s unemployment rate rose to 33.3 per cent, translating to some 23.2 million people, the highest in at least 13 years and the second-highest rate in the world.
The figure jumped from 27.1 per cent recorded in the second quarter of 2020 amidst Nigeria’s lingering economic crisis, made worse by the coronavirus pandemic. The unemployment rate in the country has more than quadrupled since 2016, when the economy slipped into a recession.
In April 2021, Nigeria’s Minister of Labour at that time, Mr Chris Ngige, claimed that the World Bank questioned the methodology employed by the NBS to generate its employment statistics.
At the time, the NBS dismissed Mr Ngige’s claim, adding that the World Bank never questioned its methodology.
Now, on Thursday, the agency said it has enhanced its methodology of collecting labour market data through the Nigeria Labour Force Survey (NLFS) in line with International Labour Organisation (ILO) guidelines.
“The data collection for the revised NLFS is based on a sample of 35,520 households nationwide.
“It is conducted continuously throughout the year, with national-level results produced quarterly and state-level results at the end of a full year,” the NBS said.
A breakdown of the new report showed that About three-quarters of working-age Nigerians were employed 73.6 per cent in Q4 2022 and 76.7 per cent in Q1 2023.
This, the report said, most people were engaged in some jobs for at least one hour a week, for pay or profit.
It said about one-third, equivalent to 36.4 per cent in Q4 2022 and 33.2 per cent in Q1 2023, of employed persons worked less than 40 hours per week in both quarters.
“This was most common among women, individuals with lower levels of education, young people, and those living in rural areas.
“The underemployment rate, which is a share of employed people working less than 40 hours per week and declaring themselves willing and available to work more, was 13.7 per cent in Q4 2022 and 12.2 per cent in Q1 2023,” it said.
The NBS said the share of wage employment was 13.4 per cent in Q4 2022 and 11.8 per cent in Q1 2023.
“Most Nigerians operate their businesses or engage in farming activities. The shares are 73.1 per cent and 75.4 per cent in Q4 2022 and Q1 2023, respectively.
“A further 10.7 per cent in Q4 2022 and 10.6 per cent in Q1 2023 were engaged in helping in a household business,” it said.
In Q4 2022, 2.6 per cent were engaged as Apprentices/Interns and 2.2 per cent in Q1 2023.
“Unemployment stood at 5.3 per cent in Q4 2022 and 4.1 per cent in Q1 2023.
“This aligns with the rates in other developing countries where work, even if only for a few hours and in low-productivity jobs, is essential to make ends meet, particularly in the absence of any social protection for the unemployed,” the NBS said.
It noted that 22.3 per cent of the working-age population was out of the labour force in Q4 2022, while it was 20.1 per cent in Q1 2023.
By Aduragbemi Omiyale
The former wife of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Queen Naomi Silekunola, has been granted bail by an Oyo State High Court.
Justice K. B Olawoyin, presiding over Court 8 sitting at Ring Road on Monday, granted the bail worth N10 million, with two sureties who must submit landed documents within the jurisdiction of the court.
Also granted the bail were an ace broadcaster, Mr Oriyomi Hazmat, and the Principal of Bashorun District’s Islamic High School, Ibadan, Mr Abdulahi Fasasi.
Recall that on December 18, 2024, over 30 children died in a stampede at the school during a Christmas funfair event organised by Ms Naomi.
She reportedly organised the event to give out about N5,000 each to 5,000 children to alleviate the hardship in the ancient city.
However, before the event started, the stampede occurred as parents reportedly stormed the venue with their kids for the money.
The police arrested eight persons, including the ex-wife of Mr Ogunwusi. They were taken to court, which ordered their remand.
This morning, they appeared before Justice Olawoyin for their bail application, which was granted.
The judge said the sureties must submit their international passport with the court, while the defendant must not grant any form of interview during the pendency of the case.
By Adedapo Adesanya
The Minister of Works, Mr David Umahi, has expressed concerns over the slow pace of critical road projects in the South-East and South-South regions, despite the release of N21 billion in funding for the Aba-Port Harcourt axis of the Enugu-Port Harcourt Expressway.
He lamented this over the weekend during an inspection of various ongoing projects, warning contractors that failing to utilise these funds effectively would lead to severe consequences, including contract termination.
The Minister highlighted that China Civil Engineering Construction Company (CCECC) responsible for Section IV of the Enugu-Port Harcourt Expressway, had only accessed N7 billion out of the N21 billion allocated for the project in 2024.
“You’ve been given N21 billion, but the progress is disappointing. Only N7 billion has been accessed, and work is moving too slowly. If this does not improve, we will terminate the contract,” Mr Umahi declared, instructing the Federal Controller of Works in Rivers State to issue a formal warning to the contractor.
The Minister’s inspection, which also covered the East-West Road and Bodo-Bonny Road projects, focused on the need for contractors to optimize the use of available funds to ensure timely project completion.
Mr Umahi directed Reynolds Construction Company (RCC) handling the East-West Road Section III (Eleme axis), to ramp up work, stressing that the funding should be utilized without delay to meet the April 2025 deadline.
He reiterated the Federal Government’s commitment to infrastructure development but underscored the need for contractors to be more accountable in deploying the funds provided.
“The money has been allocated, and it is critical that contractors use it effectively to avoid delays and ensure timely completion of these vital projects,” he said.
Regarding the Bodo-Bonny Road project, essential for improving infrastructure in the South-South zone, Mr Umahi urged Julius Berger Nigeria to deploy additional resources despite having worked through the holiday period.
“The funds are there, and the expectation is that contractors make full use of them to accelerate progress,” Mr Umahi emphasized.
To ensure accountability, the Minister set a clear target for Federal Controllers of Works to deliver at least four completed projects between February and May 2025.
He also warned contractors that failure to meet deadlines would result in a 14-day notice of termination.
“We will not tolerate delays. Contractors must be held accountable for the funds they receive,” Mr Umahi said, reaffirming that the Ministry will closely monitor project funding and progress to ensure the completion of the Federal Government’s infrastructure agenda.
By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Tinubu-led administration and the 36 state governors at the ECOWAS Community Court of Justice in Abuja.
In a statement issued by SERAP’s Deputy Director, Mr Kolawole Oluwadare, it stated that the provisions of the amended Cybercrimes Act remain vague, arbitrary, and repressive, enabling authorities to criminalize legitimate expression and restrict media freedom.
The suit challenged the alleged misuse of the Cybercrimes (Amendment) Act 2024 to suppress freedom of expression, saying it violates human rights, particularly those of activists, journalists, bloggers, and social media users.
The organisation seeks several reliefs, including a declaration that Section 24 of the Cybercrimes (Amendment) Act 2024 is unlawful and inconsistent with Nigeria’s human rights obligations; and an order directing the government to repeal or amend the legislation in compliance with international standards.
“The provisions of the Cybercrimes (Amendment) Act 2024 have opened the door to criminalising legitimate expression and punishing activists, journalists, bloggers, and social media users.
“This is a harshly punitive approach that fails to provide safeguards against misuse, particularly for the peaceful and legitimate exercise of human rights,” the SERAP statement read.
However, no date has been fixed for the hearing of the suit.
-
Feature/OPED5 years agoDavos was Different this year
-
Travel/Tourism8 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN