Bamidele Fashube, Abuja Nigeria, GVE – Since emergence of the present administration led by President Muhammadu Buhari of the All Progressives Congress (APC), not less than 26.06 million Nigerians have become jobless, the country’s Bureaus of statistics have revealed.
This statistics recorded those that are either unemployed or entirely underemployed.
Nigeria has been witnessing recession since the oil gloom which commenced towards end of the last administration. The local currency Naira also crashed significantly against Dollar to over N400 per Dollar.
According to the NBS, job loss grew from 12.1 percent in the first quarter to 13.3 per cent in second quarter of the year.
The report released Wednesday in Abuja stated that, “The number of underemployed in the labour force (those working but doing menial jobs not commensurate with their qualifications or those not engaged in full-time work and merely working for few hours) increased by 392,390 or 2.61%, resulting in an increase in the underemployment rate to 19.3 % (15.4million persons) in Q2 2016 from 19.1% (15,02 million persons) in Q1 2016, 18.7% (14.42 million persons) in Q4 2015, from 17.4% (13.2 million persons) in Q3 2015 and 18.3% (13.5 million persons) in Q2 2015.” The bureau said.
“There were a total of 26.06 million persons in the Nigerian labour force in Q2 2016 that were either unemployed or underemployed compared to 24.5 million in Q1 2016 and 22.6 million in Q4 2015.”
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