Jobless Nigerians now 11.5 million as unemployment rate hits 14.2% -NBS

  |   Nigeria News

The National Bureau of Statistics has said that the number of Nigerians that are unemployed rose from 11.19 million as at the end of the third quarter of 2016 to 11.55 million in the fourth quarter of 2016.

The report explained that during the period, the unemployment rate rose from 13.9 per cent to 14.2 per cent. The NBS report said that unemployment rate was highest for persons in the labour force between the ages of 15‐24 and 25‐34, which represents the youth population in Nigeria.

For instance, it said the unemployment rate was highest for those within the ages of 15 to 24 rising from 25 per cent to 25.2 per cent.

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