Solely 12 % of employees in Nigeria have been gainfully employed on the finish of the second quarter of 2023, the Nationwide Bureau of Statistics has revealed.
It’s because 88 % of workers within the nation are self-employed. This was contained in a report titled 'Nigeria Labor Power Statistics Report Q2 2023', which was launched by the NBS on Thursday.
Complete unemployment within the interval was 4.2 % within the second quarter of 2023. The statistics workplace outlined the unemployment charge because the share of the labor drive (the mixture of unemployed and employed individuals) that’s out of labor, however actively wanting and accessible is. for work.
It mentioned: “The unemployment charge for the second quarter of 2023 was 4.2 %, it is a marginal enhance from the 4.1 % within the first quarter of 2023. The unemployment charge by gender amongst males was 3.5 % and amongst ladies 5.9 % within the second quarter of 2023. Damaged down by location, the unemployment charge was 5.9 % in city areas and a couple of.5 % in rural areas.”
Specializing in younger individuals, the unemployment charge amongst 15-24 yr olds was 7.2 % within the second quarter of 2023, the NBS factors out. The NBS mentioned it has improved its methodology for accumulating labor market knowledge by the Nigeria Labor Power Survey in keeping with Worldwide Labor Group tips. The unemployment charge exhibits that the majority Nigerians run their very own companies or have interaction in agricultural actions.
The Nationwide Bureau of Statistics famous that employment falls into two broad classes; workers and self-employed individuals. It defined that individuals who work for fee within the type of salaries and wages in money or in form, together with paid apprentices, are referred to as workers, whereas own-account employees, contributing household employees and employers are referred to as self-employed.
Commenting on this class, the report mentioned: “Within the second quarter of 2023, 88.0 % of employed Nigerians have been primarily self-employed, whereas the remaining 12.0 % have been primarily employed.
“Broadened by gender, 85.2 % of working males have been self-employed, in comparison with 91.0 % of working ladies. Damaged down by location, 80.5 % of working individuals in city areas have been self-employed, in comparison with 95.3 % of working individuals in rural areas.”
It added: “The share of workers in contract work within the second quarter of 2023 was 12 %.” Casual employment in Nigeria at present stands at 92.7 %.
The NBS has been criticized because it modified its methodology for calculating employment. When the Nigerian Labor Congress introduced its unemployment charge of '4.1 %' for the primary quarter of 2023, the Nigerian Labor Congress by its Nationwide Secretary Common acknowledged that the figures didn’t mirror the present actuality within the nation.
The Nationwide Secretary, Chris Onyeka, informed The PUNCH: “The statistic just isn’t dependable. It's that easy. It's out of sync with what's taking place on the bottom. Everyone knows that unemployment is growing in Nigeria.”
