Claim: Nigeria's unemployment rate in 2020 was 32.5% and poverty rate in 2021 is 40%.Chris Ngige, Nigeria's Minister of Labour and Employment who spoke yesterday at the opening of a two-day workshop on Breaking the Resilience of High Unemployment Rate in the Country in Abuja, revealed that Nigeria's unemployment rate is expected to reach 33.5% by 2020.Ngige who confirmed that the data from the National Bureau of Statistics (NBC) shows that Nigeria's unemployment rate.Although Nigeria has a huge population of young people between the age of 15-34 years, the data revealed that the unemployment rate within this age group rose to 42.5 percent in Q4 of 2020, from 34.9 percent in Q2 2020. The National Bureau of Statistics (NBS) says the country's unemployment rate has risen from 13.3 per cent in the 2nd quarter to 13.9 per cent in the 3rd quarter of 2016.
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Ajuri Ngelale, senior special assistant to the president on public affairs stated this while speaking on Arise TV on Monday, 27 September 2021. Earlier, Legit.ng reported that the Buhari-led administration faulted the National Bureau of Statistics' latest jobless figures, claiming that they do not truly represent reality in Nigeria. Presidency disagrees there are 23.1million unemployed Nigerians.This figure is expected to increase up to 35.2% in the fourth quarter of 2021. According to the National Bureau of Statistics, in 2019, the unemployment rate in the country was 23.1% but projected to be 33.3% in 2020. The overwhelming unemployment rate in the country is capable of causing panic.The National Bureau of Statistics (NBS) had put Nigeria's unemployment rate at 27.1 per cent in the second quarter of 2020 and the new figure by the CBN was the outcome of the Consumer Expectations Survey (CES) that was conducted between September 21 and 30, 2020.The NBS, in its 'Labor Force Statistics: Unemployment and Underemployment Report' released on … The National Bureau of Statistics has finally released data on the nation's unemployment rate after a 20-month interval, saying the unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018.It employed the Federal Government national minimum wage from 1980 to date, unemployment and inflation rates as released by the National Bureau of Statistics 2019 series. Al-Hikmah University, Ilorin, Nigeria Abstract This study examined the impact of national minimum wage increase on unemployment and inflation rate in Nigeria.A staggering 83 million Nigerians, or 40 percent of the population, were living below the poverty line at the end of Q3 2019, according to data by NBS. The national unemployment rate increased from 27.1 percent in Q2 2020 to 33.3 percent at the year's end.According to the report, this is 0.03 per cent points higher… Inflation rate rose to 11.40 per cent (year-on-year) in May 2019 according to the National Bureau of Statistics (NBS) report.The National Bureau of Statistics (NBS), in a report about poverty and inequality from September 2018 to October 2019, said 40 percent of people in the continent's most populous country lived.This figure is expected to increase up to 35.2% in the. According to the National Bureau of Statistics, in 2019, the unemployment rate in the country was 23.1% but projected to be 33.3% in 2020.
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