NBS Says No Fewer Than 21.76m Nigerians Are Unemployed In 2020

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The National Bureau of Statistics (NBS) says the total number of unemployed Nigerians is 21,764,617.

The statistics are contained in the bureau’s Labor Force Statistics website, entitled “Unemployment and Underemployment Report (Q2 2020) released in Abuja.

It referred to the report as an Abridged Labour Force Survey under COVID-19 for August 2020.

The unemployment rate during the period in reference represented a 27.1 per cent rise from the 23.1 per cent recorded in the third quarter of 2018.

According to the report, the total number of people in employment during the reference period is 58,527,276. 

The statistic of those employed showed a 15.8 per cent reduction in employment in the third quarter of 2020.

The NBS also noted that the unemployment rate among rural dwellers in the period under review increased to 28 per cent from 23.9 per cent in the third quarter of 2018.

While that of urban dwellers also reported a rate of 25.4 per cent up from 21.2 per cent.

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