Worries as Nigeria’s Unemployment Rate is Now Second on Global List

This comes after the Labour Statistics Report released by the National Bureau of Statistics (NBS) on Monday, showed that Nigeria’s unemployment rate increased to 33.3℅ in the fourth quarter of 2020.

 

“The number of persons in the economically active or working-age population (15 – 64 years of age) during the reference period of the survey, Q4, 2020 was 122,049,400. This is 4.3% higher than the figure recorded In Q2, 2020, which was 116.871, 186,” NBS said.

 

NBS added that in the case of unemployment by state, Imo state reported the highest rate of unemployment with 56.64%, followed by Adamawa and Cross River States with 54.89% and 53.65% respectively.

 

The States with the lowest rates were Osun, Benue, and the Zamfara States with 11.65%, 11.98% and 12.99% respectively.

 

The publication stated that Nigeria surpassed South Africa on a list tracked from 82 countries, revealing that Namibia still leads the list with 33.4%.

 

Many concerned Nigerians who spoke with DAILY POST correspondent, expressed worries over the alarming rate of poverty amid joblessness among Nigerians, especially the youths.

 

An On-Air Personality, Jude Adanu who spoke to our correspondent from Benue State, said the report indicated that Nigeria is rather retrogressing instead of making viable progress like other nations of the world.

 

“People are dying of hunger on a daily basis due to lack of jobs. While you are trying to assume your responsibility as a father and husband, your grown-up siblings who are supposed to be established with their own family, still depend on you for common feeding,” he added.

 

DAILY POST recalls a desperate move by a young man identified as Ogebe Abutu who took to the street of Abuja in 2020 with a banner seeking for a job.

 

In a video that circulated on social media, the desperate job seeker said he had no form of job and was ready to work if provided with any.

 

Displayed on the banner was his mobile number and a ‘mini CV.

 

Abutu who ignored peers’ opinion, stormed the street begging for help in what can be concluded as frustration.

 

According to the inscription on the banner, the young man also promised to provide jobs for another unemployed person if given a loan.

 

The banner read, “Somebody please help me with a job or a loan. I will create a job, help others. Trust me.”

 

In an interview with DAILY POST, the State Coordinator, African Youths Union Commission (AYUC), Benue State Chapter, Mr Aguredam Keghter Moses, said President Muhammadu Buhari’s promise of annual creation of job opportunities has failed.

 

According to him, “Just like this federal government recently advised the people to look for modus of protecting themselves, yes security is everyone one’s business, but it is more of the governments business than any other person because the primary function of the government is the protection of her citizenry.

 

 

A job seeker, Mr Onome James who said he completed his one-year mandatory service under the National Youths Service Corps, NYSC, in 2010, told our correspondent that the Nigerian Government is reluctant on job creation.

 

“Sometimes in 2020, we applied for the Nigerian Youths Investment Fund (NYIF) with the belief that we can get capital to start up a small business but our hope has been dashed as the government seems to have forgotten, ” he stated.

 

Similarly, a security personnel who pleaded not to be mentioned for fear of victimization attributed the rising insecurity across the country to lack of employment opportunities.

 

“If the government can solve the issue of unemployment in this country, criminality will drastically reduce,” he said.

 

Meanwhile, a fashion designer, Miss Monica Olalekan, told our correspondent in Abuja that, “in the face of an employment crisis like this, entrepreneurship is the only way forward”.

 

She told DAILY POST that she acquired her designing skill during her NYSC days, adding that she initially took it for granted but the country’s employment reality forced her to pick it as a career.

 

According to her, “In Nigeria, it doesn’t matter your academic qualification. If you don’t embrace handwork, you may have to wait for your whole life.