A Closer Look

Nigeria unemployment rate at 7.5% for the first three months of 2015- How it is calculated

The claim by Nigerian statisticians that the country’s unemployment rate nowadays stands at less than 10% was met with scepticism.Nigeria

“My reaction is simple: I don’t believe the statistics of the National Bureau of Statistics,” a union leader told the newspaper Leadership. And in a report headlined “Outraged Nigerians blast govt over 6.4% unemployment claim” the head of an international development organisation criticised the figures. “This is a very unserious way to deal with a national problem,” Hussaini Abdu from PLAN International was reported to have said.

The comments followed the announcement in May by Nigeria’s National Bureau of Statistics (NBS) that unemployment stood at 6.4% for the final quarter of 2014 in Nigeria and had increased to 7.5% for the first three months of 2015.

At the press briefing the head of household statistics at the NBS, Isiaka Olarewaju, acknowledged that Nigeria’s unemployment figures have “been heavily criticised in various quarters, either for being too high or too low”.

So are they indeed too high or too low? This factsheet takes a look at how Nigeria’s employment statistics are calculated and how this has changed.

Chosen excerpts by Job Market Monitor. Read the whole story at  FACTSHEET: How Nigeria’s unemployment rate is calculated | Africa Check.

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Discussion

One thought on “Nigeria unemployment rate at 7.5% for the first three months of 2015- How it is calculated

  1. Reblogged this on Welcome To Motivatus.

    Posted by Joshua | July 3, 2015, 9:24 am

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