Nigeria is currently going through one of its worst unemployment crises in recent times, a new report by the World Bank has stated. The multilateral institution also noted that the socio-economic challenges facing Nigerians in the last 10 years have led to an astronomical increase in the number of citizens seeking asylum and refugee status in other countries. This is as the World Bank, in a separate report, has estimated that about 4,000 Nigerian children were made orphans by the Covid-19 pandemic between March 2020 and July 2021. The report,…
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Unemployment to push more Nigerians into poverty NESG
The Nigerian Economic Summit Group, (NESG), has said that many Nigerians are expected to fall into the poverty trap amid rising unemployment in the country. The NESG, a private sector-led think-tank, noted in its economic report for the first quarter of 2021, that the countrys economic growth in the period under review was relatively weak. The group noted that the World Bank estimated an increase in the number of poor Nigerians to 90 million in 2020, from 83 million in 2019. According to the report, huge dependence on proceeds from…
Read More23.2 m Nigerians jobless as unemployment hits 33% – NBS
…Highest on record…Imo, Jigawa tops with highest unemployed Nigerias unemployment rate rose to 33.3 percent in the fourth quarter of 2020 (Q-4 2020), compared to 27.1 percent in Qj2, according to data published by the National Bureau of Statistics (NBS), yesterday. This is the highest unemployment rate in the countrys history. According to the NBS, this means that 33.3 percent of the labour force in Nigeria, or 23.2 million persons, either did nothing or worked for less than 20 hours a week, making them unemployed by the definition in Nigeria.…
Read MoreBotswanas unemployment rate keeps rising
Botswanas unemployment figures are swelling in spite of governments efforts to solve the problem, the Country Statistician-General, Burton Mguni, said. Unemployment rate went up by 1.3 percentage points, from 23.2 per cent in quarter one of 2020, to 24.5 per cent in quarter four 2020, said Mguni. Mguni also noted that the youth unemployment rate went up by 1.9 percentage points over the period, from 30.5 to 32.4 per cent. Botswanas Minister of Finance and Economic Development, Thapelo Matsheka, said in the countrys budget speech delivered Monday that unemployment was…
Read MoreUnemployed charged with defiling 13-year-old girl
An Ikeja Magistrates Court on Wednesday ordered the remand of an unemployed 20-year-old Toheeb Mustapha, who allegedly inserted his finger into a minors private part. The defendant, who resides in Ighando, is standing trial on a count charge involving defilement. The Magistrate, Mrs A.O Ajibade, who did not take the defendants plea, referred the case file to the states Director of Public Prosecutions (DPP) for advice. Ajibade ordered that the defendant be kept at the Kirikiri Correctional Centre, pending the advice from DPP. She adjourned the case until December 12…
Read MoreTextile industry, critical in addressing nations unemployment – President
The National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) says textile industry remained critical in addressing the nations current unemployment challenge. Its National President, John Adaji, made the disclosure at a news conference on Friday in Lagos. Adaji said the vision of President Muhammadu Buhari to create 100 million jobs was realisable, if the nations textile industry was fully revived. The Nigerian Cotton Textile and Garment sector alone has the capacity to create more than five million jobs. Also, it will improve internally generated revenue; reduce over…
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