Unemployment in 2020: The mystery behind Nigeria’s missing 10 million
2020 Unemployment numbers in Nigeria.  Source: Stears Business

We hope you caught our thread last week on the recently released National Bureau of Statistics (NBS) unemployment figures. It inspired us to look a bit deeper into the data gap that causes 10 million Nigerians to disappear from a national unemployment survey.

In Mark Twain’s words “facts are stubborn things, but statistics are pliable.” So we ask what made the statistics so pliable to erase millions of workers?  

If you didn’t see the thread, you can find it here but here’s a recap.


A little bit of good news and a lot of bad

Nigeria’s unemployment rate is growing at a slower pace. But once you account for underemployment, it is increasing rapidly (the “combined unemployment” rate).

The unemployment rate rose from 23.1% in Q3’2018 to 27.1% in Q2’2020, which was almost good news considering the unemployment rate had been rising rapidly up till now — from 14% in 2016 to 19% in 2017 and then 23% in 2018. A

Don’t limit your understanding. Join the Premium community to continue reading.

Abdul Abdulrahim

Abdul Abdulrahim

Read Latest

Banking through agents: A successful path to inclusion?

PREMIUM - 14 APR 2021

How Stanbic achieved higher profits during a pandemic

PREMIUM - 13 APR 2021

Industrialisation: Why Africa’s path to development remains slow

PREMIUM - 12 APR 2021

Two things that are good about Nigeria

PREMIUM - 09 APR 2021