According to the report released by the National Planning Commission.
The rate of unemployment among Nigerians worsened after President Goodluck Jonathan assumed office, a latest report by the federal government has indicated.
The report, the 2011 Performance Monitoring Report on Government’s Ministries, Departments and Agencies, was announced by the National Planning Commission on Thursday in Abuja.
The report indicated that the unemployment rate in Nigeria in 2010 was 21.1 per cent, a figure that increased to 23.9 per cent in 2011.
“In 2011, Nigeria’s unemployment rose to 23.9 per cent compared with 21.1 per cent in 2010,” the News Agency of Nigeria quotes the report as stating. The report referenced its facts from the National Bureau of Statistics (NBS).
Mr. Jonathan assumed office as Nigeria’s substantive president on May 6, 2010, a day after the death of his predecessor and former boss, Umaru Yar’Adua. He continued as president in 2011 after he won the presidential election; and was sworn in for a fresh four-year term on May 29, 2011.
The National Planning Commission report confirms the fears by Nigerians that unemployment has been on the rise in the country with unofficial estimates putting it at above 30 per cent. It is also one of many other reports by national, regional, and global bodies indicating that the efforts being put in place by the Jonathan administration may not be yielding the required results.
In June, the World Bank released a report, Nigeria Economic Report, stating that unemployment rate worsened from “12% of the working population in 2006 to 24% in 2011.”
“Preliminary indications are that this upward trend continued in 2012,” the World Bank stated.
Chosen excerpts by Job Market Monitor. Read the whole story at