Unemployment: 2.1m Nigerians Lost Their Jobs In 2016

According to the National Bureau of Statistics unemployment report that the number of Nigerians who became unemployed rose to 11.55 million at the end of 2016 against 9.48 million at the beginning of the year meaning that extra 2.7 million became unemployed at the end of 2016.

The NBS report released on Monday stated that the 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.

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For the 25 to 34 age group, the unemployment rate, according to the report increased from 15 per cent to 15.4 per cent.

It noted that unemployment and underemployment were higher for women than men in the fourth quarter of 2016 as 16.3 per cent of women in the labour force were unemployed as of the end of the year.

On the other hand, it added that 12. 3 per cent of males were unemployed in the fourth quarter of last year.

 “The economically active population increased from 108.03 million to 108.59 million; this represents a 0.5 per cent increase over the previous quarter and a 3.4 per cent increase when compared to fourth quarter 2015.

“In the fourth quarter of 2016, the labour force population increased to 81.15 million from 80.67 million in the third quarter of 2016, representing an increase of 0.6 per cent in the labour force during the quarter.

“This means about 482,689 persons from the economically active population entered the labour force during the quarter, that is individuals that were able, willing and actively looking for work.”

Buzz Nigeria recalls that the United Nations had earlier this year warned that at least 201 million people will be jobless in 2017, with additional 2.7 million people in 2018.

unemployment in Nigerians

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According to the UN, in major emerging economies, unemployment is rising especially those reliant on commodity exports such as Russia, South Africa, and Brazil.

In its annual report – World Employment Social Outlook, the agency said global unemployment is forecast to increase by 3.4-million people in 2017, bringing the total to 201-million, due to the failure to create jobs.

Meanwhile, the Federal government has advised all unemployed Nigerians to register with them as they are compiling names of jobless persons in the country.

According to the Deputy Director, Information & Public Relations, National Directorate of Employment (NDE), Edmund Onwuliri, this development is in accordance with the federal government’s plan to develop and maintain a robust database of unemployed persons and for job provision.

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The NDE is required to obtain and maintain a data bank on employment and vacancies in the country with a view to acting as a clearinghouse to link job seekers with vacancies in collaboration with other government agencies.

“The online portal which goes live on Wednesday, April 5, 2017, is designed to capture the relevant details of any unemployed person. It will equally serve as a job exchange portal that will link job seekers and employers.

“There will be a practical demonstration of the workings of the portal at the NDE stand at the ongoing 28th edition of the Enugu International Trade on Thursday, April 6, 2017. However, the portal can be accessed by logging on to www.jobsforall.ng.

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