What is the current employment rate in Nigeria?
Employment Rate in Nigeria averaged 83.68 percent from 2014 until 2020, reaching an all time high of 93.60 percent in the fourth quarter of 2014 and a record low of 66.70 percent in the fourth quarter of 2020.
What is the employment rate in Nigeria 2021?
In 2022, the unemployment rate in Nigeria is estimated to reach 33 percent. This figure was projected to at 32.5 percent in the preceding year….Forecast unemployment rate in Nigeria in 2021 and 2022.
| Characteristic | Share of unemployed individuals |
|---|---|
| – | – |
What is the current unemployment rate in Nigeria 2020?
9.01%
In 2020, the unemployment rate in Nigeria was at approximately 9.01 percent….Nigeria: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 9.01% |
| 2019 | 8.53% |
| 2018 | 8.45% |
| 2017 | 8.39% |
Are jobs scarce in Nigeria?
Nigeria has an unemployment rate of 18.8 percent. Nigeria’s job scarcity is exemplified by the fact that nearly one million people applied for 10,000 positions in the Nigerian police force in May 2016.
Which country has the highest unemployment rate 2021?
For 2021, the global unemployment rate is estimated to be between 6.3-6.5%, depending upon the source….Top Ten Countries with the Highest Unemployment (World Bank 2020 data):
- Equatorial Guinea – 25.0%
- Botswana – 24.9%
- Grenada – 22.9%
- Eswatini – 22.7%
- Lesotho – 22.4%
- Gabon – 20.4%
What is the size of unemployment in Nigeria?
The jobless rate in Nigeria rose to 33.3% in the three months through December, according to a report published by National Bureau of Statistics on its website Monday. That’s up from 27.1% in the second quarter of 2020, the last period for which the agency released labor-force statistics.
Why is there high unemployment in Nigeria?
The International Labour Organisation (ILO) has linked unemployment in Nigeria to the phenomenon of jobless growth, increased number of school graduates with no matching job opportunities, a moratorium on employment in many public- and private-sector institutions, and continued job losses in the manufacturing and oil …
What percentage of Nigeria is unemployed?
Take as an illustration, in the first quarter of 2021, a report published by the National Bureau of Statistics (NBS) on its website noted that Nigeria’s Unemployment Rate has risen from 27.1 per cent in the second quarter of 2020, to 33 per cent.
Which state in Nigeria has the highest unemployment rate?
List of Top 10 States with Highest Unemployment Rates in Nigeria
- Imo state – 82.54%
- Jigawa state – 79.98%
- Adamawa state – 79.56%
- Yobe state – 74.12%
- Cross River state – 71.46%
- Kogi state – 67.78%
- Taraba state – 67.72%
- Akwa Ibom state – 67.69%
How is Nigeria economy today?
The current account position was expected to remain in deficit at 3.7% of GDP, weighed down by the fall in oil receipts and weak external financial flows. The economy is projected to grow by 1.5% in 2021 and 2.9% in 2022, based on an expected recovery in crude oil prices and production.
Why is Nigerian unemployment rate so high?
Which African country has highest employment rate?
Nigeria and Ethiopia had the highest number of people employed in Africa in 2020. Their working population amounted to around 56.6 million and 51.3 million, respectively. These countries are also the most populous nations on the continent.