39.4m Nigerians might be unemployed by end of 2020


Vice President Yemi Osinbajo has revealed that 39.4 million Nigerians might be out of job by the end of 2020 according to projections received by the economic sustainability committee. 

Osinbajo who disclosed this while presenting the committee’s report to President Muhammadu Buhari on Thursday June 11, said the National Bureau of Statistics also projects that the country would have a revenue shortfall of N185 billion monthly with oil prices at $30 a barrel.

The Vice President stated the projection might come to reality if government does not take prompt measures. He revealed that the committee has been given the responsibility of developing a credible sustainability plan for repositioning the Nigerian economy pre and post COVID-19 crisis period.

“Several projections, including those done by the NBS on behalf of the economic sustainability committee, showed a severe downturn in our oil earnings, as a result of which, even with oil price at $30 a barrel, we would still…

Source: Linda Ikeji