How Buhari’s Govt Threw 1.7m Nigerians Back To Labour Market In 2016
President Muhammadu Buhari[/caption]
A report by the National Bureau of Statistics (NBS) has revealed that about 1.7 million Nigerians became jobless in nine months under the President Muhammadu Buhari-led administration.
The NBS report indicated that the number of unemployed Nigerians rose from 9.48 million to 11.19 million between January and September, 2016.
According to the report, persons between the ages of 15-24 and 25-34 recorded the highest rates of the unemployed in the Nigerian labour force.
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The report, which indicated that women were mostly at the receiving end of the unemployment curve, further showed that 15.9 per cent of women were unemployed as of the third quarter of 2016, while 22.9 per cent were underemployed during the said period.
“Given that the nature of rural jobs is largely menial and unskilled, such as in agriculture and the likes, unemployment is more of a concern in urban areas where more skilled labour is required.
“The unemployment rate in the urban areas was 18.3 per cent compared to 11.8 per cent in the rural areas, as the preference is more for formal white collar jobs, which are located mostly in urban centres,” the report indicated.
