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21 million Nigerians are unemployed, says NBS

About 21 million out of an estimated 180 million Nigerians are out job, the National Bureau of Statistics (NBS) reveals.

With this report, indeed hints that the new all-time high unemployment under President Muhammadu Buhari moves from another all-time of 17.6 million to set a new record of 20.9million.

Breakdown of the report shows that Nigeria’s unemployment rate now stands at 23.1 per cent, up from the previous rate of 18.8 per cent.

The report is contained in the employment trend from the fourth quarter of 2017 to the third quarter of 2018. According to the report, working-age population up from 111.1m in Q3 2017 to 115.4m in Q3 2018, while labour force moved from 85.08m in Q3 2017 to 90.47m in Q3 2018. Total Employed persons(Full+Partime) up from 69.09m in Q3 2017 to 69.54m in Q3 2018.

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