Jobs/Appointments
20.9m Nigerians Jobless in Q3 as Unemployment Rate Hits 23.1%
By Modupe Gbadeyanka
The National Bureau of Statistics (NBS) on Wednesday put the total of number of unemployed persons in Nigeria as at the third quarter of 2018 at 20.9 million.
In its Labour Force Statistics report released yesterday, the stats office disclosed that this figure rose to the present level from 17.6 million in the fourth quarter of 2017, with the unemployment rate increasing from 18.8 percent in Q3 2017 to 23.1 percent in Q3 2018.
According to the NBS data, of the 20.9 million persons classified as unemployed as at Q3 2018, a total of 11.1 million did some form of work but for too few hours a week (under 20 hours) to be officially classified as employed, while 9.7 million did absolutely nothing.
It further said of the 9.7 million unemployed that did absolutely nothing as at Q3 2018, 90.1 percent of them or 8.77 million were reported to be unemployed and doing nothing because they were first time job seekers and have never worked before.
On the other hand, 9.9 million or 0.9 percent of the 9.7 million that were unemployed and doing nothing at all reported they were unemployed and did nothing at all because they were previously employed but lost their jobs at some point in the past which is why they were unemployed.
In addition, of the 9.7 million that were unemployed and did nothing at all, 35.0 percent or 3.4 million have been unemployed and did nothing at all for less than a year, 17.2 percent or 1.6 million for a year, 15.7 percent or 1.5 million had been unemployed and did nothing for 2 years, and the remaining 32.1 percent or 3.1 million unemployed persons had been unemployed doing nothing for 3 and above years.
The report also said for the period under review, the unemployment rate for young people (15-35years) declined to 29.7 percent in Q3 2018 from 30.50 percent in Q2 2018. This was however an increase from 13.7 percent in Q3 2015, 19.1 percent in Q3 2016 and 25.5 percent in Q3 2017.
Underemployment within the youth population (15-35 years) during the same quarter declined from 27.2 percent in Q3 2017 to 25.7 percent in Q3 2018, while as of Q3 2018, 55.4 percent of young people (15-34) were either underemployed or unemployed (doing nothing) compared to 52.6 percent in the same period of the previous year.
During the quarter Q3 2018, 26.6 percent of women within the labour force (aged 16-64 and willing, able, and actively seeking work) were unemployed, compared with 20.3 percent of men within the same period.
In Q3 2018, 23.9 percent of rural and 21.2 percent of urban dwellers within the labour force were unemployed, indicating a decline in Urban Unemployment compared with the same period of 2017, and an increase in Rural Unemployment compared to Q3 2017.
In Q3 2018, 22.8 percent of rural residents within the labour force were underemployed (engaged in part time work for less than 20 hours a week); compared to 13.7 percent of urban residents within the same period.
By Modupe Gbadeyanka
Lagos Television (LTV 8), Alausa, Ikeja, has a new General Manager, and he is Mr Kayode Oyekanmi, replacing Mrs Sola Kosoko, who was ousted by the Lagos State government.
Mr Oyekanmi was presented with his letter of appointment on Wednesday, May 13, 2026, by the Lagos State Head of Service, Mr Bode Agoro, in a brief ceremony.
The new General Manager of the state-owned broadcast station was tasked with using his vast experience in the media space to take LTV 8 to greater heights.
Mr Agoro expressed confidence in Mr Oyekanmi’s capacity to reposition Lagos Television and wished him a successful and impactful tenure of office.
Prior to his appointment, Mr Oyekanmi served as the Director of Strategy Centre at the Lagos State Ministry of Information and Strategy, a position he has held since 2022.
A seasoned brand communications practitioner, Mr Oyekanmi has over three decades of professional experience spanning both the private and public sectors, with expertise in Advertising, Public Relations, and global export services.
He commenced his public service career as a Public Affairs Practitioner on March 1, 2000, with the Lagos State Ministry of Information and Strategy.
The new LTV boss, a Lagos State indigene from Isale Eko, Lagos Island, has received several awards in recognition of his dedication, hard work, and commitment to the journalism profession.
He holds a Master’s degree in Public Administration (MPA) from the University of Lagos and a Bachelor’s degree in English Language and Education from Lagos State University.
He is an active Member of the Nigeria Union of Journalists (NUJ) and the Nigerian Institute of Public Relations (NIPR).
In addition, he is a voracious reader and a passionate lawn tennis player, and currently serves as the Charter President of the Lagos State Ministry of Information Toastmasters Club.
By Modupe Gbadeyanka
A retired Major-General, Mr Adeyinka Famadewa, has been appointed as the Special Adviser to President Bola Tinubu on Homeland Security.
The appointee retired from the military after over three decades, with experience in national security strategy, intelligence fusion, counter-terrorism operations, and international security diplomacy.
His career reflects a rare blend of operational excellence, strategic foresight, and institutional leadership in safeguarding Nigeria’s territorial integrity and national interests, a circular signed by the Secretary to the Government of the Federation (SGF), Mr George Akume, said.
It was disclosed that Mr Famadewa was chosen for the position because of his exceptional record of service, strategic expertise, and outstanding contributions to Nigeria’s national security architecture.
The notice said the appointment underscores the commitment of the administration of Mr Tinubu to strengthening internal security coordination, enhancing intelligence-driven operations, and deepening inter-agency collaboration in addressing emerging security threats across the country.
The President expressed confidence that Mr Famadewa’s appointment will further enhance the government’s efforts toward achieving a safer and more secure Nigeria through improved coordination of homeland security initiatives, intelligence integration, and proactive risk management.
He also urged him to deploy his wealth of experience, professionalism, and strategic insight in advancing national security objectives and supporting the administration’s agenda.
By Aduragbemi Omiyale
In a bid to strengthen its board and support its transformation goals, FCMB Group Plc has appointed the chairman of the board of the Lagos State Employment Trust Fund (LSETF), Mrs Adepeju Adebajo, as an independent non-executive director.
A statement signed by the company secretary, Mrs Olufunmilayo Adelabu, disclosed that the appointment has been approved by the Central Bank of Nigeria (CBN).
She brings to the board over 30 years of experience across industry, renewable energy, agriculture, finance and consulting. She has worked with teams and clients in sub-Saharan Africa and Europe, helping them grow and multiply impact.
Throughout her career, Mrs Adebajo has led teams through change and growth. She previously worked at Lafarge Africa Plc, and was once the chief executive of Mouka Limited, Lumos Nigeria, UTC Nigeria Plc and an Assistant General Manager at United Bank for Africa (UBA) Plc. She is a Transformation Lead at Etex Group (Nigerite and Emenite Limited).
In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum (WEF) and serves on the World Economic Forum Council on Climate and Nature Governance (2025-2027).
Mrs Adebajo holds a Master’s and a BSc in Chemical Engineering from Imperial College London and an MBA from Harvard Business School.
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